Lessors Risk Insurance

Coverage for Tenant-Occupied Commercial Properties

When a building owner leases space to a third party — whether it’s a restaurant, retailer, office, or repair shop — that’s a Lessors Risk Only (LRO) exposure. These risks can be tough to place if the tenants don’t meet standard guidelines, if the property is old, or if the occupancy is mixed.


We help independent agents place LRO risks through E&S markets that understand the unique exposures of leased commercial space.

What We Write

  • Strip malls & shopping centers


  • Standalone leased buildings


  • Mixed-use buildings (residential + commercial)


  • Offices leased to medical, legal, or general tenants


  • Buildings leased to restaurants, retailers, or contractors


  • Properties with vacancy or short-term leases



  • Buildings with tenant operations not accepted by standard markets
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Coverages Available

Commercial Property

Structure, signage, loss of rents, equipment

General Liability

Premises liability, especially for common areas

Business Income / Rental Income

Coverage for lost rent after a covered loss

Ordinance & Law

Code upgrades required after loss

Equipment Breakdown

HVAC, elevators, electrical systems

Excess Liability

Optional for high-value or high-traffic properties

When to Use

Our Program

  • Tenants include restaurants, bars, repair shops, or other higher-hazard classes



  • Partial vacancy or short-term lease arrangements


  • Older buildings or limited property updates


  • Properties in higher-crime zones or underserved areas


  • Prior losses, insurance lapses, or non-renewals


We routinely place LRO accounts that standard carriers won’t touch.

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Regional Insight

Many Lessors Risk properties in Tennessee, Kentucky, Mississippi & Arkansas face challenges like tenant type, age of building, or location. We know how to work with E&S carriers who are still writing these properties — even in rural areas or distressed ZIP codes.

FAQs

  • Can you write buildings with mixed-use tenants?

    Yes. We routinely quote buildings with commercial tenants on the ground floor and apartments above, or a mix of retailers and service businesses.

  • What if some space is vacant?

    Vacancy is common. We just need to know how much is occupied, by whom, and for how long. Some markets prefer 50%+ occupancy, others will consider lower.

  • What do you need to quote an LRO risk?

    A completed property app, tenant breakdown, occupancy info, loss history (if any), and building photos. We'll get you a quick answer from there.

Let’s Quote It

Need to place an LRO risk that doesn’t fit your standard carriers?


Call (865) 909-0181 or email jacki@sgatn.com to send in your submission.


We’ll get it moving.