If you own a commercial building that you lease to tenants, protecting your investment is critical. Lessors Risk Insurance from Statewide Insurance Services provides the coverage you need to safeguard your property, finances, and liability in case of accidents, damage, or lawsuits.
Lessors Risk Insurance, also known as LRO (Lessors Risk Only), is designed for property owners who lease commercial buildings to tenants. This coverage protects you from:
Building Coverage
Protects the physical structure of your commercial property, including walls, roofs, and fixtures.
Liability Protection
Covers medical and legal costs if someone is injured on your property due to unsafe conditions.
Tenant Negligence
Protects against damages caused by tenant-related accidents or misuse of the property.
Lessors Risk Insurance is essential for commercial property owners who lease out their buildings to tenants. This includes:
A: Commercial properties leased to tenants, such as office buildings, retail stores, warehouses, and multi-tenant spaces.
Q: Does Lessors Risk Insurance cover tenant improvements?A: It can cover damages to tenant improvements and fixtures, depending on your policy terms. Speak with an agent for details.
Q: Do I need separate liability coverage for Lessors Risk Insurance?A: No, liability coverage is typically included as part of a Lessors Risk policy.
Your commercial property is a valuable asset—don’t leave it vulnerable to risks. With Lessors Risk Insurance from Statewide Insurance Services, you can confidently protect your building, finances, and future. Call us at 954-779-5555 or request a free quote online today!