NAICS UNIVERSITY · Free research for insurance agents
Nonresidential Property Managers
NAICS 531312 · United States · 2022 edition
This U.S. industry comprises establishments primarily engaged in managing nonresidential real estate for others.
Start with the work promised to the client.
For Nonresidential Property Managers, clarify the services, contracts and consequences of an error. Review professional liability (e&o), general liability, employment practices liability. Confirm which professional activities and additional services the proposed coverage actually addresses.
Questions to ask
- What types of commercial properties are managed — office, industrial, retail, mixed-use, or others?
- Does the firm employ in-house maintenance, janitorial, or on-site staff, or is all physical work outsourced to contractors?
- Does the firm handle client funds, security deposits, or vendor payments directly?
- Are there any managed properties with known environmental concerns or industrial tenants?
- What is the approximate gross management fee revenue and total square footage under management?
- Has the firm had any E&O, lease dispute, or tenant injury claims in the past five years?
- For Nonresidential Property Managers, what should the underwriter know about in-house general contracting, renovation, or construction management activity beyond routine maintenance oversight?
- For Nonresidential Property Managers, what should the underwriter know about management of properties with environmental concerns?
Activities described by this code
Other activities to examine
Census classification reference
For educational purposes only. AI-generated insurance research and automated logic can contain errors. Independently verify classification and coverage decisions.
Compare another operationInsurance operations research — draft
Nonresidential property management firms oversee day-to-day operations of commercial, industrial, or institutional properties on behalf of property owners — handling tenant relations, lease administration, vendor coordination, maintenance oversight, and financial reporting. The firm typically does not own the managed properties but acts as an agent of the owner, often holding keys, managing contractor access, and making decisions that can affect the owner's asset value and tenant safety.
Questions to investigate
- What types of commercial properties are managed — office, industrial, retail, mixed-use, or others?
- Does the firm employ in-house maintenance, janitorial, or on-site staff, or is all physical work outsourced to contractors?
- Does the firm handle client funds, security deposits, or vendor payments directly?
- Are there any managed properties with known environmental concerns or industrial tenants?
This insurance research was generated in April 2026. It has not received a complete human review. The October 12, 2026 audit checked codes and titles only, not descriptions or coverage assertions.