Commercial industry

Commercial Lessors and Building-Owner Insurance

A commercial lessor’s job is to own the box and keep it leasable. The file is property at replacement cost, lessors-risk general liability, loss of rents, and ordinance-or-law on older masonry. Tenant certificates are how you keep a restaurant fire or a warehouse forklift claim from becoming yours alone.

We place owners of office, retail, and light industrial buildings. Habitational apartment and garden-style residential are a different class; we will say so if that is what you own. Hotel owners should also see our hotels page.

Risks we actually schedule

  • Fire, water, or wind on a building insured to market value instead of rebuild cost.
  • Loss of rents after a tenant-space loss that takes a year to restore.
  • Premises claims in common areas, parking, and sidewalks.
  • A tenant whose insurance exhibit was never enforced.

Frequently asked questions

Is lessors risk different from a BOP?

A lessor-occupied building is often written on a lessors-risk or monoline property form, not a tenant BOP. If you occupy a portion, we schedule owner-occupied and lessors exposures together.

Do I need loss of rents if I have a long lease?

A long lease does not rebuild the space. Loss of rents and extra expense are what keep the note paid while the shell is dark.

Should every tenant name me additional insured?

Yes, at limits that match the lease, with waiver of subrogation where the lease requires it. We help you set a certificate standard your manager can actually collect.