Lessor's Risk Only (LRO) Insurance

If you own a commercial building and lease it to a business tenant, Lessor's Risk Only (LRO) coverage protects your interest in the property, distinct from whatever coverage your tenant carries for their own operations.

What it covers

• ✓Building property coverage
• ✓General liability as the property owner
• ✓Loss of rental income
• ✓Coverage gaps between your policy and your tenant's

Who it's for

Owners who lease commercial (not residential) buildings to tenants, office buildings, warehouses, single-tenant retail, and similar arrangements.

Why Firehouse

LRO gets confused with Landlord (5+ Units) coverage and general commercial property often, both involve leasing to others, but the coverage need is different since you're not managing residential tenants or common living areas. We'll make sure you're on the right form.

Frequently asked questions