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Insurance for Commercial Property Owners
Coverage for Buildings That Work for You
Strip centers, standalone retail buildings, office space, warehouses, mixed-use — owning commercial real estate means your income depends on the building staying standing and the tenants staying open. Lessor's risk coverage is built for exactly this position.
What a Property Owner's Program Includes
- Building coverage — replacement cost protection against fire, wind, hail, and other covered perils
- Lessor's risk liability — claims from tenant employees, customers, and visitors injured on the premises
- Loss of rents — replaces rental income while a covered loss makes units untenantable
- Ordinance & law coverage — the cost of bringing an older building up to current code after a loss (critical for older Alabama commercial stock)
- Equipment breakdown — HVAC, boilers, elevators
Managing Tenant Risk
Your tenants' operations affect your insurance. A building with a restaurant tenant rates differently than one full of offices. We help you set lease insurance requirements — tenant liability minimums, additional-insured status, certificates tracked at renewal — so your tenants' coverage protects you first, before yours has to respond.
FAQ
It's the liability and property program for owners who lease space to others. It responds to claims arising from ownership of the building — a visitor hurt in the parking lot, a stairwell injury — as opposed to claims from any one tenant's operations.
Yes, in nearly all cases. Their liability coverage then responds first for claims tied to their operations. We'll give you lease-ready insurance requirement language and can track tenant certificates for you.
Loss of rents coverage does — if it's included and the limit reflects your actual rent roll. After a fire, this coverage pays the rent your tenants can't while the space is rebuilt. We size it to real numbers annually.
If your 1980s building burns, code may require sprinklers, ADA upgrades, and new electrical when you rebuild — costs a standard policy doesn't pay. Ordinance & law coverage does. For older commercial stock it can be the difference between rebuilding and selling the lot.
Extended vacancy can restrict coverage under many policies (often at 60-70% vacancy thresholds). Tell us about vacancies so we can keep coverage intact while you fill the space.
Yes. Mixed-use requires carriers comfortable with both exposures; we place these regularly.
