Protect Your Business, Your Way

Farmers offers flexible business insurance options to cover the many different areas where your apartment complex might need coverage. Tell us more about the specific nuances of your business and let a Farmers agent help create coverage solutions that make the most sense for you.

You’ve achieved your dream of owning an apartment building. But as you know, the boundless opportunities of ownership come with plenty of risk. When you’re confident that you’ve taken the steps to safeguard your organization’s people, property and revenue from the unexpected, you can focus on what’s most important—running your complex.

Rated among the top tier insurers by AM Best, Standard and Poor’s and Moody’s, Farmers helps you protect the investments you’ve made so you can focus on how to keep your business on the road to long-term success. Trusted by millions of customers for over 80 years, Farmers has the financial security, resources and knowledge to help you meet your insurance needs. We have industry-based solutions that our local agents can help you to tailor to fit your business.

Your Business Insurance Options Explained

Your day-to-day operations are complex; understanding business insurance doesn’t have to be. Our customized Farmers Apartment Owner’s Package helps you protect your apartment complex covering elements such as:  employee, tenant and visitor injuries, employee theft and equipment breakdown. Obtaining the type and amount of insurance that you want for your apartment complex will help you fill gaps in coverage where you need it most.

At a minimum, you should consider the following coverage:

• Business Property Insurance for the repair or replacement of damaged physical assets such as fixtures, air conditioning and electrical systems if your complex is hit by a fire, theft, hail or vandalism.
• Business Liability Insurance for financial losses resulting from claims of injury or property damage caused by you, your employees, or products and services you provide.
• Workers’ Compensation Insurance for your employees’ medical needs in case of a work-related accident, injury or disease, and to make a quick return to work possible. This also minimizes the risk of lawsuits by employees.
• Business Auto Insurance for losses due to injuries to other drivers, passengers and pedestrians caused by you or your employees.
• Business Crime Insurance for losses resulting from wrongdoing like theft, forgery or robbery by a third party.
• Life Insurance for Apartment Owners that can help you plan for business succession, survive the loss of a key employee or partner, as well as retain and reward your top people.
• Retirement Benefits for Apartment Owners that can help you secure our financial future and that of your employees.
• Umbrella Coverage that can help you protect your business from a potentially ruinous lawsuit with additional liability coverage.

Additional insurance features you should consider adding for your apartment building include:

• Building Ordinance Coverage that can cover the increased cost to repair or remodel parts of your apartment building to comply with a new ordinance or law.
• Non-Owned Auto Coverage that can help you if an employee or staff member is involved in an auto accident while driving a personal automobile on company business.
• Employment Practices Liability Insurance that can provide coverage for your building if discrimination, sexual harassment or wrongful termination claims are made by present, former or future employees.

If You’re Already Covered

You’ve made a sound choice to protect your apartment complex and employees with business insurance. However, your complex has specific needs which may change over time. Reviewing your policy year after year helps you to understand whether your current coverage continues to meet your changing needs. When in doubt, contact a Farmers agent for help. Farmers also offers lines of insurance for many aspects of your life, both professional and personal. Ask your agent about auto, home, motorcycle, recreational vehicle coverage that can complement your business insurance policy.