If you own a building and lease space to tenants, lessors risk insurance, often called LRO, protects you from liability claims tied to the property your tenants occupy. It covers the exposure that comes with being the landlord, not the operator.
What lessors risk insurance covers
- Premises liability. Injuries to tenants, customers, or visitors on the property.
- Property damage. Claims tied to the building and common areas.
- Legal defense. The cost of defending a covered claim.
- Building coverage. Protection for the structure when paired with property.
- Loss of rental income. Lost rent after a covered loss, where applicable.
Why landlords need LRO
As the property owner, you can be named in a claim even when a tenants customer is hurt on the premises. A standard homeowner or generic business policy will not respond to that exposure. Lessors risk coverage is built for the landlords position, so a tenant-side incident does not land on you uncovered. ISC partners with A+ rated carriers to match the coverage to the property.
How it fits with your other coverage
Lessors risk coverage works alongside commercial property and general liability so the building and your liability as owner are both protected. One team, one call when something happens.
Get a lessors risk quote
Tell us about your property and tenants and we will build a quote that fits. It is quick, with no obligation. Email sales@isccoverage.com, call (631) 750-6990, or request a quote here.
