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Brokerage
Lessor’s Risk Only (LRO) Coverage
Do you have clients who own buildings leased to commercial tenants? Breckenridge Insurance may have the solutions for you with our significant underwriting authority and top-rated carriers. We are able to offer property, general liability, and/or excess liability for properties leased to various types of commercial tenants.
- Lessor’s Risk Only
- Contemplates various commercial tenant occupancies
- Eligible for property, general liability, and commercial excess
- Commercial Tenants – Lessor’s Risk Only
- Formal leases will need to be in place
- Property, general liability, and/or excess liability
- ACORD Applications
- Description of tenant occupancies
- 3-5 years of currently valued loss runs
- All tenants must carry their own liability insurance with limits equal to our risk and name our applicant as an additional insured
- Subject to favorable tenant occupancies
Highlights
- Lessor’s Risk Only
- Contemplates various commercial tenant occupancies
- Eligible for property, general liability, and commercial excess
Target Classes
- Commercial Tenants – Lessor’s Risk Only
- Formal leases will need to be in place
Lines of Business
- Property, general liability, and/or excess liability
Submission Requirements
- ACORD Applications
- Description of tenant occupancies
- 3-5 years of currently valued loss runs
- All tenants must carry their own liability insurance with limits equal to our risk and name our applicant as an additional insured
- Subject to favorable tenant occupancies
Contacts
“Again, I want to thank you for all your help! I really do appreciate it. I don’t think there are many companies out there who would be willing to work with us as much as you did!!”
Insurance Agency Office Manager
Lessor’s Risk Only (LRO) Coverage was last modified: November 9th, 2023 by