Lessor’s Risk

TARGET RISKS:

• Risks leasing commercial real estate for:
  1. Banks and Financial Institutions
  2. Bars and Taverns
  3. Gas Stations
  4. Hotels and Motels
  5. Land
  6. Mixed-use Buildings, with Minimal Habitational Exposure
  7. New Ventures/ New Purchases
  8. Offices
  9. Restaurants
  10. Retail
  11. Service Occupancies
  12. Shopping Centers
  13. Warehouses
  14. And more
• Premises maintained by the insured or tenant are eligible

COVERAGES AVAILABLE:

• Package or Monoline policies available
• $1M/ $2M General Liability limits
• First Dollar Coverage available
• Property can be written Monoline or as a Package
• Special form cause of loss for building, business personal property, business income and extra expense is available.
• PHLY Property Enhancement Endorsement
  1. Including Accounts Receivable, Back Up of Sewers & Drains, Limited Crime Coverage, Property in Transit, Employee Dishonesty Pollutant clean-up etc.

SUBMISSION REQUIREMENTS:

• Completed ACORD Applications
• Lessor’s Risk Supplemental
• Currently valued insurance company loss runs for the current policy period plus 4 prior years
• Confirmation that the owner collects Certificates of Insurance with additional insured status from all tenants

ALSO AVAILABLE UNDER SEPARATE COVER:

Environmental

• Premises Environmental Coverage (PEC)
• Minimum Premium - $3,000
• Maximum Capacity – $15M per occurrence/ $15M aggregate SIRs from $5,000/ $25,000

Excess

• Excess maximum capacity $5M
• Lead Umbrella and Excess placement
• Supported and unsupported capabilities