Lessor's Risk Only Sugar Hill, NY 10031

 Lessor's Risk Only Sugar Hill, NY 10031

LRO stands for Lessor's Risk Only. This insurance protects landlords from claims by tenants for property damage or bodily injuries, such as fire or water damage, or slip-and-fall accidents.
Lessor’s risk only (LRO) is a type of small business insurance for commercial landlords. It protects you in case one of your tenants sues you for property damage or injuries sustained in your building. The coverage, also known as landlord insurance, is designed for owners of commercial property, such as apartment buildings, retail complexes, office space, warehouses, and other building types. The landlord generally must not occupy more than 25 percent of the building leased to tenants.



Why is Lessor’s Risk Only important? Lessor’s risk only shields you against tenant claims of property damage or bodily injury due to your wrongful act. It has nothing to do with protecting your own commercial property against various types of damage. For that, you need commercial property insurance.

Quoting online with Smart Services Junction Inc. is quick & easy to answer a few simple questions, give us some information about your driving history & we will give you an accurate quote to consider.
                      Company name; Smart Services Junction Inc

CALL US (516) 888-1901

       

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