Working with vacant properties and evictions brings a high level of risk. A visitor could trip on a broken staircase at a foreclosed property, or vandalize the property. Business insurance can cover the cost of medical care, legal fees, and repairs. Some policies, like workers' comp, may be required.
With Insureon, property preservationists can get coverage the same day they apply for quotes.
Fill out our easy online application to compare quotes from top-rated insurance providers.
These policies cover the common risks of property preservation services.
A general liability policy covers basic third-party risks, such as a client tripping on the staircase of a derelict property. Bundle it with commercial property insurance for savings in a business owner's policy (BOP).
A BOP bundles general liability coverage and commercial property insurance at a discount. It's often the most cost-effective type of insurance for property preservationists.
Most states require workers' comp for property preservation businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
This insurance covers bodily injuries and property damage caused by company vehicles, as well as vandalism or theft of a vehicle owned by your property preservation business.
This insurance policy helps pay for repair or replacement of a property preservation contractor’s equipment and tools. It's a type of inland marine insurance.
Professional liability coverage helps pay for legal costs related to a property preservationist's work performance. It's also called errors and omissions insurance (E&O insurance).
A small business with a few workers will pay less for insurance than a large company.
Factors that affect the pricing include:
It's easy to get property preservation business insurance if you have your company information on hand. Our application will ask for basic facts about your company, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
Insureon's licensed agents work with top-rated U.S. insurers to find coverage that fits your property preservation company, whether you're a contractor, subcontractor, or employer.