Commercial Services
Commercial Property & Lessor's Risk Insurance
Comprehensive coverage for commercial property owners and landlords. Whether you own an office building, retail center, warehouse, or mixed-use property, Knox Insurance shops multiple carriers to protect your investment and rental income.
LRO
Lessor's Risk Coverage
Properties We Insure
Coverage for Every Commercial Property Type
Office Buildings
Retail & Strip Malls
Shopping Centers
Warehouses
Light Industrial
Mixed-Use Properties
Coverage Highlights
Essential Coverages for Commercial Property Owners
Commercial property and LRO policies can be tailored to the specific risks of your building, your tenants, and your lease structure. Here are the coverages every landlord should consider.
Building Property Coverage
Protects the physical structure of your building — walls, roof, fixtures, HVAC, plumbing, and electrical systems — against fire, storms, vandalism, and other covered perils. Available for buildings of all ages and conditions.
Lessor's Risk Only (LRO)
Specifically designed for landlords who lease space to tenants. Covers liability claims from tenants for bodily injury or property damage occurring on your premises, including legal defense costs and settlements.
General Liability
Covers injury and property damage claims from third parties — customers, delivery personnel, and visitors — in common areas like lobbies, parking lots, stairwells, and walkways.
Loss of Rental Income
Replaces lost rental revenue if your property becomes uninhabitable due to a covered loss. Ensures you can continue meeting mortgage payments and operating expenses while repairs are completed.
Umbrella & Excess Liability
Provides additional liability limits above your primary policy for larger claims and lawsuits. Particularly important for high-traffic retail centers and properties with multiple tenants.
Equipment Breakdown
Covers repair or replacement of boilers, HVAC systems, electrical panels, elevators, and other critical building systems. Standard policies often exclude mechanical failures unless caused by a covered peril.
Ordinance & Law Coverage
Pays the additional cost to rebuild in compliance with current building codes after a covered loss. Essential for older commercial buildings that may not meet updated code requirements.
Sewer & Drain Backup
Covers water damage caused by sewer or drain backups — often excluded from base policies. A single backup event in a commercial building can affect multiple tenant spaces and common areas.
Earthquake Coverage
Standalone or supplemental earthquake policies through specialized carriers. Important for properties in seismically active regions where standard policies exclude quake damage.
Flood Insurance
Standard commercial property policies typically exclude flood damage. Separate coverage through the NFIP or private carriers protects against rising water, storm surge, and flash flooding.
Tenant Improvement & Betterment
Covers improvements made to leased spaces — buildouts, fixtures, and upgrades — that you as the landlord own or are contractually responsible for. Protects your investment in tenant spaces.
Business Income & Extra Expense
Goes beyond rental income to cover additional costs incurred to expedite repairs and resume normal operations. Helps minimize the financial impact of extended downtime after a loss.
LRO vs. General Liability: What's the Difference?
Many landlords assume general liability covers everything — but it doesn't. Understanding the distinction is critical for proper protection.
Lessor's Risk Only (LRO)
Covers claims from your tenants specifically
Tenant slips in a stairwell due to poor lighting — LRO covers it
Pipe bursts and damages a tenant's leased space — LRO covers it
Protects against tenant lawsuits for bodily injury or property damage
General Liability
Covers claims from third parties — customers, visitors, delivery personnel
Visitor slips in the lobby — general liability covers it
Delivery driver injured in the parking lot — general liability covers it
Does NOT cover claims made by your tenants directly
Most commercial landlords need both LRO and general liability coverage. We help you structure a policy that covers claims from tenants and third parties without gaps.
Why Knox for Commercial Property Insurance?
We've been insuring commercial property owners since 1980. We know how to structure policies that protect your building, your income, and your liability exposure.
Multiple Carrier Access
We work with carriers that specialize in commercial property and LRO — from single office buildings to large retail centers. More options mean better rates and broader coverage.
Tailored to Your Tenants
A warehouse with one tenant has different risks than a strip mall with twelve. We structure your policy based on your tenant mix, lease terms, and building characteristics.
Claims Advocacy
When a loss occurs, we advocate on your behalf with the carrier. Our goal is getting your property repaired and your tenants back in business as fast as possible.
Multi-State Expertise
Licensed across 15+ states, we understand the building codes, regulatory requirements, and market conditions that vary from state to state.
Protect Your Commercial Property Investment
Free quotes from multiple carriers. We'll compare coverage options and find the right fit for your property and tenant mix.