Lessor’s Risk

Lessor’s Risk Only (LRO) is a Liability and Property policy that has been constructed specifically for building owners who rent their property with or without apartments and/or offices to mercantile tenants. If your client is the owner of a building that is leased to others for commercial purposes (e.g. retail or office space, warehouse, etc.), then they could be held liable if one of their tenants, their employees, or even a client of one of your tenants, is hurt or sustains property damage while on the premises. Lessor’s Risk insurance will cover your client in any of these situations. Without an LRO policy, or without adequate coverage limits, your client could be left owing large sums of money that could have otherwise been avoided.

With access to all top specialty markets and carriers and a broad binding authority, JenCap’s nationwide stable of companies will help you provide your clients with an LRO policy that mitigates financial risks when a loss is incurred. Our companies also provide customized packages to ensure your clients are properly covered.

We offer this coverage for the following industries and classes:

Real Estate

  • Apartments
  • Co-ops & Condominiums
  • Senior Housing
  • Student Housing
  • Shopping Centers
  • Office Buildings
  • Mercantile Buildings
  • Warehouse & Industrial Buildings

This product offers the following features:

Coverage Highlights

  • Maximum property value of $3MM
  • Liability limits up to $1MM/$2MM
  • Excess general liability or umbrella available up to $5MM

Custom Features

  • Special form is available
  • Replacement cost is available
  • Value plus endorsement
  • Excess coverage available

Thrift Store, Shelter, and Transitional Housing

  • Located in Washington
  • Package & Umbrella
  • Premium of $91,000

Credit Monitoring Firm

  • Located in New York
  • Technology & Cyber Liability
  • Premium of $23,571

General Contractor

  • Located in New Jersey
  • General Liability
  • Premium of $59,908

Beverage Manufacturer

  • Located in Georgia
  • General Liability
  • Premium of $33,571

Tract Home Builder

  • Located in Pennsylvania
  • General Liability
  • Premium of $13,708

Boys & Girls Club

  • Located in California
  • Package & Umbrella
  • Premium of $38,438

This product is available in available in: