Industries
Real Estate Insurance
Property, liability, loss of rents and umbrella coverage for landlords, investors, mixed-use buildings and property managers, with tenant certificates reviewed.
- Owners of commercial buildings leased to tenants
- Lessor's risk only (LRO) properties leased to a single tenant
- Mixed-use buildings with storefronts and apartments
- Small apartment buildings
- Strip centers and multi-tenant retail
- Office, flex and light industrial buildings
- Property managers
- Real estate investors and holding LLCs
Owning investment property brings two kinds of risk: damage to the building and claims from people on it. A burst pipe, a fire in a tenant's space or a fall on an icy walk can cost you repairs, rent and legal defense at the same time.
We help property owners, investors, and managers across the U.S. review coverage for their buildings, rental income, and responsibilities to tenants and visitors. That can mean a single rented storefront, a mixed-use building or a small portfolio. We also look at what your tenants carry, because their insurance can be an important layer of protection for you.
Vacancy, renovations and changes in occupancy are where coverage problems tend to start. Letting us know when a building is empty, under renovation or getting a new kind of tenant helps keep the policy in step with the property.
Common risks
Premises liability
Falls on ice or stairs, poor lighting and security problems can lead to injury claims against the owner. Leases typically divide responsibility for common areas, sidewalks and snow removal, so who pays often depends on the lease, the policies involved and the tenant's insurance.
Tenant insurance and certificates
A commercial tenant without insurance, or without you added as an additional insured, can leave a claim on your policy. Collecting current certificates and checking them against the lease is a practical habit, but a certificate is only evidence: the tenant's policy and its endorsements provide the coverage.
Vacancy conditions
Many property policies restrict coverage for vandalism, glass breakage, water damage and theft once a building has been vacant for a set period, often 60 consecutive days. Planning ahead lets us look at a vacancy permit (an endorsement that changes those conditions) or a vacant building policy.
Water damage and habitability
Burst pipes, roof leaks and plumbing failures drive many property claims, and slow leaks, mold and sewer backup are often excluded or limited. In residential units, unresolved water or heat problems can also turn into tenant disputes and claims.
Loss of rents
If a fire or other covered loss makes space unrentable, rent stops but the mortgage, taxes and insurance don't. Rental income coverage can help replace lost rents during repairs, depending on the limit and time period you choose.
Large liability claims
A serious injury on your property can exceed a general liability limit. An umbrella adds limits above your liability policies, and lenders, partners or tenants may require one.
Coverage to consider
Insurance options depend on your business, location, licensing requirements and carrier availability.
- Commercial Property InsuranceBuilding, loss of rents and owner's equipment, with options such as ordinance or law and equipment breakdown.
- General Liability InsurancePremises liability for the owner, including lessor's risk only (LRO) policies for buildings you lease to tenants and don't operate in.
- Umbrella & Excess Liability InsuranceExtra liability limits for larger buildings, multiple properties or lender and partner requirements.
- Business Owners Policy (BOP)Packages property and liability for many smaller mixed-use and commercial buildings, depending on eligibility.
- Professional Liability (E&O) InsuranceErrors and omissions for property managers handling leases, rent collection and tenant matters for others.
- Workers' Compensation InsuranceBuilding staff such as superintendents, porters and maintenance workers; requirements vary by state.
How quoting works
- 01
Start with your business
Tell us what you do, where you work and what you want to protect — or send your current policy.
- 02
Explore your options
We approach insurance companies that consider your type of business and explain the available choices.
- 03
Talk it through
A licensed ALP agent reviews coverage, limits, deductibles and price with you before you decide.
Common contract and certificate requirements
- Commercial tenants adding the owner and property manager as additional insureds on their general liability
- Tenant liability and umbrella limits that match the lease
- Waiver of subrogation between landlord and tenant, as written in the lease
- Lender shown as mortgagee on property and, when required, as additional insured on liability
- Residential tenants showing proof of renters insurance where the lease requires it, sometimes with the landlord listed as an interested party
- Snow removal, landscaping and repair vendors providing certificates that name the owner
A certificate is evidence of insurance; the policy and its endorsements provide the coverage. Send us your lease insurance requirements and we'll compare them with your policy.
Certificate Center →Helpful information for a quote
- Property address, construction, year built, square footage and number of units
- Years the roof, wiring, plumbing and heating were last updated
- Tenant list with type of occupancy and current rent roll
- Current policies and loss runs (claims history reports) for the last 3–5 years, if you've been insured before
- Lease insurance requirements and any lender requirements
- Vacancy status and any planned renovations
Have what you can — we'll ask for anything else an insurance company needs. Starting a new business? You can begin without prior policies or loss runs.
Upload your current policyFrequently asked questions
What is a lessor's risk only (LRO) policy?
LRO is general liability written for an owner who leases the building to tenants and doesn't operate there. If you occupy part of the building or run a business there, it may not fit.
What happens if my building becomes vacant?
Many property policies limit coverage after a vacancy period, often 60 consecutive days. Tell us as soon as you expect a vacancy so we can review options such as a vacancy permit or a vacant property policy.
Should my commercial tenants name me as an additional insured?
Usually, yes. Commercial leases commonly require tenants to carry general liability and add the landlord, and often the property manager, as additional insureds. That can extend the tenant's liability coverage to you for claims arising from their space or operations, depending on the endorsement wording.
Does a residential tenant's renters insurance protect me as the landlord?
Not directly. Renters insurance usually protects the tenant's own belongings and personal liability, and renters policies usually don't add the landlord as an additional insured. Some landlords ask to be listed as an interested party instead, which typically means being notified if the policy is canceled rather than being insured under it.
How much loss of rents coverage do I need?
Enough to replace rent for the time it would realistically take to repair the building and re-lease it. Many owners start at 12 months of rents and adjust for larger or harder-to-rebuild properties.
Does a standard property policy include water damage?
Sudden and accidental water damage, such as a burst pipe, can be included depending on the policy. Flood, surface water, sewer backup and long-term leaks are often excluded or limited, so ask us to review those terms.