LRO- Leased Commercial Property


As a business owner who appreciates the flexibility leasing your commercial space provides, you will also appreciate the importance of protecting your business’s space. The Leased Commercial Property Liability and Real Property Coverage or LRO Coverage is specific to owners who lease their commercial real estate. LRO or Lessor’s risk-only insurance is a must-have to protect your investment.

It’s important to note that LRO insurance plans are widely available for commercial real estate properties of all shapes and sizes. Hitchings Insurance offers coverage for properties as small as 1,200 sq ft and as large as 450,000 sq ft. Insurance providers prefer well-operated and maintained properties.

What is covered by an LRO Policy?


The structure itself

Business Property

This must be considered if you own and rent business equipment to the tenant.

Business Income

Loss of rent coverage. Should direct physical damage occur to the structure that forces the tenant to vacate, coverage for loss of rent needs to be included to protect your investment.

Premises Liability

Protection in case you’re found negligent for some accident that occurs on the location of the building you own (slips and falls are common). You’re not responsible for tenants’ business operation liability.

Our LRO coverage ensures that you, as a property owner, are financially protected from various situations that could arise when leasing your commercial space to others.

What type of buildings do we insure on LRO plans?

  • Medical Offices
  • Manufacturing Facilities
  • Warehousing Facilities
  • Retail Operations
  • Restaurants
  • Distributors
  • Professional Offices
  • Contractor Offices
  • Government Offices

Here at Hitchings Insurance, we understand the importance of protecting your commercial real estate investments. That’s why our team of licensed specialists provides you with competitive, peace-of-mind solutions.

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