Real Estate

Real estate owners insurance is an indispensable asset for safeguarding one of the most significant investments an individual or company can make: property. Whether it’s residential, commercial, or industrial real estate, property owners face a multitude of risks that could potentially jeopardize their assets, finances, and reputations. Real estate owners insurance serves as a critical protective shield against these risks, providing essential coverage tailored to the unique needs and challenges of property ownership.

Real estate owners insurance is necessary to address the diverse array of risks associated with property ownership, including property damage, liability claims, natural disasters, and unforeseen events. From structural damage caused by fire or severe weather to legal liabilities arising from tenant injuries or property disputes, real estate owners insurance offers comprehensive protection against a wide range of potential threats.

Furthermore, real estate owners insurance provides peace of mind and financial security for property owners, enabling them to navigate the complexities of property management with confidence. Whether it’s a single-family home, apartment complex, office building, or retail center, insurance coverage ensures that property owners can effectively manage risks, protect their investments, and maintain the value and integrity of their real estate assets.

Real Estate

In addition to mitigating financial losses and legal liabilities, real estate owners insurance also helps property owners comply with regulatory requirements, mortgage lender obligations, and lease agreements. By securing adequate insurance coverage, real estate owners demonstrate their commitment to responsible property management, tenant safety, and asset protection, fostering trust and confidence among stakeholders, including tenants, lenders, and business partners.

In summary, real estate owners insurance isn’t just a prudent investment; it’s a necessary tool for managing risk and ensuring the long-term success and sustainability of real estate investments. By providing comprehensive coverage, risk management solutions, and peace of mind, insurance enables property owners to navigate the challenges of property ownership effectively, knowing that they are prepared to address the uncertainties and complexities of the real estate market.

Why Choose The Millward Agency?

Choosing The Millward Agency means opting for unwavering confidence in your insurance provider. Our accolades and recognitions speak volumes about our commitment to excellence. Our bespoke insurance solutions are designed to underwrite your success, with a proven track record of serving businesses like yours with integrity, innovation, and a keen understanding of industry-specific risks.

Nationwide Presence

We are proud to offer nationwide coverage while retaining a personal touch that resonates with local communities. Our understanding of diverse regional needs ensures that our clients receive service that feels both global and neighborly.

75+ Years of Expertise

We carry a legacy of over seven decades in the insurance industry. Our enduring commitment to excellence is rooted in a deep understanding of insurance’s evolving landscape, shaped by years of experience and client-focused service.

Integrity in Every Policy

Our philosophy is simple: if we wouldn’t buy it ourselves, we won’t sell it. This ethos ensures every policy we offer is built on a foundation of trust and reliability, reflecting our commitment to honest and transparent insurance solutions.

Class of Business

Real estate ownership encompasses a diverse array of businesses involved in acquiring, managing, and developing real property.

These are just a few examples of real estate owner businesses, illustrating the diverse range of opportunities and strategies within the real estate industry. Each type of real estate owner business has its own unique characteristics, risks, and opportunities, catering to different market segments and investor preferences.

Here are some common types of real estate owner businesses:

IconResidential Property Owners

Residential property owners invest in and manage properties intended for residential use, including single-family homes, condominiums, townhouses, and apartment buildings.

IconCommercial Property Owners

Commercial property owners own and manage properties used for commercial purposes, such as office buildings, retail centers, shopping malls, industrial warehouses, and mixed-use developments.


IconIndustrial Property Owners
Industrial property owners own and manage properties used for industrial purposes, including manufacturing facilities, distribution centers, warehouses, and industrial parks.
IconReal Estate Syndicators

Real estate syndicators pool investor capital to acquire, manage, or develop real estate properties, sharing ownership and profits among investors. They may specialize in specific property types or investment strategies, such as value-add opportunities or income-producing assets.

IconVacation Rental Owners

Vacation rental owners own and manage properties intended for short-term rental purposes, such as vacation homes, cabins, cottages, and Airbnb properties.

IconMixed-Use Property Owners

Mixed-use property owners own and manage properties that combine multiple uses, such as residential, commercial, and retail spaces within a single development or building.

IconReal Estate Investment Trusts (REITs)

REITs are publicly traded companies that own, operate, or finance income-generating real estate properties across various sectors, including residential, commercial, industrial, and hospitality.


IconLandlords and Property Managers

Landlords and property managers oversee the leasing, maintenance, and operation of rental properties on behalf of property owners. They handle tenant relations, rent collection, property maintenance, and lease administration.


IconReal Estate Developers

Real estate developers acquire land, obtain permits, and oversee the construction or renovation of properties for sale or lease. They may specialize in residential, commercial, industrial, or mixed-use developments.

IconReal Estate Holding Companies

Real estate holding companies own and manage portfolios of real estate properties for investment purposes. They may focus on acquiring income-producing properties, development projects, or distressed assets for long-term appreciation and cash flow.

IconProperty Flippers
Property flippers purchase distressed or undervalued properties, renovate or improve them, and sell them for a profit. They may specialize in residential or commercial properties and engage in short-term buy-and-sell transactions.

IconHospitality Property Owners
Hospitality property owners invest in and manage properties within the hospitality industry, including hotels, motels, resorts, bed and breakfasts, and vacation rentals.




Common Policies Needed

Real estate owners face various risks associated with property ownership, management, and liability. To mitigate these risks, real estate owners typically require a range of insurance coverages tailored to their specific needs.

These insurance coverages help real estate owners mitigate risks, protect against liabilities, and ensure the financial security and stability of their property investments. It’s essential for real estate owners to work with experienced insurance professionals to assess their specific risks and tailor insurance programs to their unique needs and exposures.

Here are some common insurance coverages needed for real estate owners:

Property Insurance

Provides coverage for damage or loss to owned properties, including buildings, structures, fixtures, and equipment, due to perils such as fire, vandalism, theft, or natural disasters.

General Liability Insurance

Protects against bodily injury, property damage, and personal injury claims arising from accidents or incidents that occur on owned properties, including slip-and-fall accidents, property maintenance issues, or negligence claims.

Landlord Insurance (Rental Dwelling Insurance)

Specifically designed for rental properties, landlord insurance provides coverage for property damage, liability claims, and loss of rental income due to tenant-related issues, such as property damage, rent default, or eviction proceedings.

Umbrella Liability Insurance

Offers additional liability coverage beyond the limits of primary insurance policies, providing extra protection against large liability claims or catastrophic events that exceed the coverage limits of other policies.

Business Interruption Insurance

Provides coverage for lost rental income and extra expenses incurred by real estate owners due to a temporary closure or interruption of operations caused by covered perils, such as property damage or tenant displacement.

Errors and Omissions Insurance (E&O)

Protects against claims of professional negligence or errors in property management services provided by real estate owners or property managers, including allegations of mismanagement, breach of fiduciary duty, or failure to meet contractual obligations.

Directors and Officers (D&O) Insurance

Protects the life science business’s directors, officers, and board members from personal liability for decisions made in their official capacities. D&O insurance covers legal expenses and damages arising from lawsuits alleging mismanagement, breach of fiduciary duty, or other wrongful acts

Cyber Liability Insurance

Covers losses resulting from data breaches, cyberattacks, or other cyber incidents that compromise sensitive information stored or transmitted by real estate owners’ computer systems, including tenant data, financial records, or property management systems.

Flood Insurance

Provides coverage for property damage and loss caused by flooding, which may not be covered under standard property insurance policies. Flood insurance is essential for properties located in flood-prone areas or designated flood zones.

Earthquake Insurance

Provides coverage for property damage and loss caused by earthquakes, which may not be covered under standard property insurance policies. Earthquake insurance is essential for properties located in seismically active regions.

Tenant Discrimination Insurance

Protects against claims of discrimination or fair housing violations brought by tenants or third parties alleging unlawful discrimination based on protected characteristics, such as race, gender, religion, or disability.

Workers' Compensation Insurance

Provides coverage for medical expenses, lost wages, and disability benefits for employees who are injured or become ill while performing their job duties on owned properties, such as property managers, maintenance staff, or security personnel.

Tenant Lease Default Insurance

Protects against financial losses resulting from tenant defaults on lease obligations, such as non-payment of rent or breach of lease terms, providing coverage for lost rental income, legal expenses, and eviction costs.

The Millward Agency, Inc. Testimonials

Hear from our clients who have achieved stability and growth with The Millward Agency’s insurance solutions. Our case studies demonstrate our commitment to providing unparalleled support and protection, proving that no challenge is too big when you have the right insurance partner.

Kurtis ThorntonKurtis Thornton
18:38 16 Jan 22
Very helpful and nice people, a great place to get your insurance needs taken care of.
Christopher LymanChristopher Lyman
14:48 26 Oct 19
Finally, I don't need to ever look for another insurance agent. The Millward Agency handles my personal and business insurance. Always helpful with my questions and quick to respond to my emergencies. The Millward Agency Rocks!
Markusz SudozMarkusz Sudoz
19:03 19 Jul 19
Every time I go to my broker, Ed Caceres @ the Millward Agency, he always finds me the best insurance rates on my real estate properties. Ed is great, always extremely responsive and understanding of the industry. In the past I would go do my own insurance shopping and spend hours on hours to get the best rate, now I do not even bother shopping around I just call Ed and he always has the best pricing. In the beginning I got a quote from Ed then shopped around, now I have learned to not even waste my time. Ed @ Millward Always saves me hundreds of dollars. 110% on customer service, 100% on pricing!!! A+++
Mobility SolutionsMobility Solutions
19:09 25 Jul 18
Everybody!!!!! is Great to work with when ever I need anything which is almost monthly.Linda
carlene klebecarlene klebe
20:01 22 Jun 18
My former insurance agent and friend recommended Ed Caceres of Millward Agency. Within hours of having given Ed a call, I had quotes and was decided to go with his carrier. He was professional and answered all my questions. I’m happy to have done business with Ed and Millward Agency.
John CourtneyJohn Courtney
16:20 11 Jun 18
Business or Personal this is who you want - Personal service from their Team is amazing, treat as though you are their only client.* Business - Review policy/coverage every year. Not limited to one or two insurance providers. Recommend changes, not necessarily to save money (although it is available) provide additional coverage. Three months later our additional coverage cost $150 on a $15000 claim. For years we were not covered! They are not limited to one or two insurance providers as our previous agent.* Personal - couple of claims were handled like we were their only client. They bundled coverage in such a way to save $2100 a year for a family of four and kids in college.***Will continue to recommend to business colleagues, friends and family***
Karen CarterKaren Carter
16:01 08 Jun 18
Our company has been working with Millward Agency for many years.They have been the best insurance company I have ever worked with.The staff is always very informative and very professional. Our insurance needs which include general, auto and worker's comp are very complex. Millward is able to handle and update all of our needs at any time of the year. I really like the fact they get back to you very quickly! They are very knowledgeable and caring we never think of going elsewhere. We will definitely be customers for years to come. Thank you Millward Agency!
Chad StottChad Stott
17:56 07 Jun 18
Wade and the Millward team have been consistently reliable, prompt, knowledgeable and a pleasure to work with. Wade and his crew have guided us through our ever growing needs and we attribute our success to the partnerships we have forged with organizations like The Millward Agency. We look forward to many more years working together.

Get a Quote

Ready to accelerate your business’s security and success? Contact Millward Agency today for a personalized insurance quote. Our team of experts is here to guide you through the process with ease and confidence, ensuring your business is covered, no matter what lies on the road ahead.