Commercial Property Owners Insurance
You Own the Building. We’ll Help Protect the Investment.
Owning commercial property means more than collecting rent. You’re responsible for the building, common areas, leases, tenants, maintenance — and protecting the income the property produces.
Commercial property owner insurance — often referred to as Lessor’s Risk or LRO coverage — is designed for owners who lease commercial space to others.
At Lieck Insurance Agency, we’ll take the time to understand your property, how it’s occupied and how it’s used, then explore multiple insurance markets for coverage designed around your risks as a commercial property owner.
Multiple markets · Local Texas agency · Personal service
Different Tenants. Different Buildings. Different Risks.
A professional office building doesn’t have the same exposures as a retail center or an office/warehouse property. The tenants, construction, occupancy and use of the building can all affect the coverage you need.
Don’t see your property type listed? That’s okay. These are just some of the commercial properties we may be able to help insure.
It’s More Than Just the Building.
The Building Is Damaged.
Fire, storms, vandalism and other covered losses can result in significant repair or rebuilding costs.
Someone Is Injured on the Property.
Parking lots, sidewalks, common areas and other portions of the property can create liability exposures for the building owner.
Your Tenant Can’t Occupy the Space.
Damage to the property can mean more than repair costs. If tenants can’t occupy the building following a covered loss, you could also lose the rental income you depend on.
Rebuilding Costs More Than Expected.
Construction costs change, and current building codes may require upgrades when damaged property is repaired or rebuilt. The right limits and available ordinance or law coverage can make a significant difference.
A Tenant Changes the Risk.
What happens inside your building matters. A professional office, restaurant and auto repair shop can create very different exposures for the same property owner.
Coverage Built Around Your Commercial Property
Commercial Property
Helps protect the building and other covered property against losses caused by covered events.
General Liability
Helps protect against certain claims involving bodily injury, property damage and premises-related liability exposures.
Loss of Rental Income
A covered loss that makes the property temporarily unusable can also interrupt the rent it generates. Available coverage can help protect qualifying rental income during the restoration period.
Ordinance or Law
Older buildings may have to be repaired or rebuilt to current building codes following a covered loss. Ordinance or law coverage can help address certain additional costs associated with those requirements.
Equipment Breakdown
Coverage may be available for certain losses involving mechanical, electrical and other equipment serving the building.
Umbrella / Excess Liability
Additional liability limits may be available when the property owner's exposures or contractual requirements call for greater protection.
Flood
Standard commercial property policies generally don't cover flood damage. Separate flood coverage may be available depending on the property and location.
Why Commercial Property Owners Choose Lieck Insurance Agency
We Look at More Than the Building.
The property itself is only part of the risk. We look at occupancy, tenants, leases, liability exposures and rental income to better understand what you're protecting.
We Understand Tenant Requirements Matter.
The insurance your tenants carry can affect your exposure as the property owner. We'll help you understand common insurance considerations involving tenant coverage, certificates and additional insured requirements.
Multiple Markets. More Options.
Commercial properties don't all fit the same insurance company's appetite. As an independent agency, we can explore multiple insurance markets to help find coverage appropriate for your property.
Protect the Property. Protect the Income. Protect the Investment.
Whether you own a single commercial building or multiple rental properties, we’ll take the time to understand what you own, who occupies it and what needs to be protected. One conversation. Multiple insurance markets. A local Texas agency that’s here when you need us.