(410) 882-0077 Baltimore, MD

Baltimore Lessors Risk Insurance

Lessors Risk Insurance – Protect Your Commercial Property Investment

If you own a commercial building that you lease to tenants, protecting your investment is critical. Lessors Risk Insurance from Hammer Insurance Agency Inc. & Ford Insurance provides the coverage you need to safeguard your property, finances, and liability in case of accidents, damage, or lawsuits.

What is Lessors Risk Insurance?

Lessors Risk Insurance, also known as LRO (Lessors Risk Only), is designed for property owners who lease commercial buildings to tenants. This coverage protects you from:

  • Property Damage: Coverage for damage to your building caused by fire, storms, vandalism, or other covered events.
  • Liability Claims: Financial protection if someone is injured on your property and you’re held responsible.
  • Tenant-Related Risks: Protection from accidents, damages, or legal claims arising from tenant use of the property.

What Does Lessors Risk Insurance Cover?

Building Coverage

Protects the physical structure of your commercial property, including walls, roofs, and fixtures.

Liability Protection

Covers medical and legal costs if someone is injured on your property due to unsafe conditions.

Tenant Negligence

Protects against damages caused by tenant-related accidents or misuse of the property.

Who Needs Lessors Risk Insurance?

Lessors Risk Insurance is essential for commercial property owners who lease out their buildings to tenants. This includes:

  • Owners of office buildings
  • Retail property owners
  • Industrial or warehouse property owners
  • Commercial landlords leasing multi-tenant spaces
  • Strip mall or shopping center owners

Why Choose Hammer Insurance Agency Inc. & Ford Insurance?

  • Comprehensive Protection: Coverage for property damage, liability claims, and tenant-related risks.
  • Tailored Policies: Customized coverage to meet the specific needs of your commercial property.
  • Affordable Rates: Competitive premiums that align with your investment goals.
  • Expert Support: Experienced agents to help you understand your risks and secure the right coverage.

Frequently Asked Questions

Q: What types of properties are eligible for Lessors Risk Insurance?

A: Commercial properties leased to tenants, such as office buildings, retail stores, warehouses, and multi-tenant spaces.

Q: Does Lessors Risk Insurance cover tenant improvements?

A: It can cover damages to tenant improvements and fixtures, depending on your policy terms. Speak with an agent for details.

Q: Do I need separate liability coverage for Lessors Risk Insurance?

A: No, liability coverage is typically included as part of a Lessors Risk policy.

Protect Your Commercial Investment Today

Your commercial property is a valuable asset—don’t leave it vulnerable to risks. With Lessors Risk Insurance from Hammer Insurance Agency Inc. & Ford Insurance, you can confidently protect your building, finances, and future. Call us at 410-882-0077 or request a free quote online today!

Explore More Commercial Insurance Solutions