Lessor's Risk Only Service in Hempstead, NY 11550

Lessor's Risk Only Service in Hempstead, NY 11550

Smart Services Junction Inc | Insurance Agency in Uniondale NY Lessor's risk only (LRO) is a type of small business insurance for commercial landlords. It protects you in case one of your tenants sues you for property damage or injuries sustained in your building. The landlord generally must not occupy more than 25 percent of the building leased to tenants.

     

Lessor’s Risk Only insurance (LRO) covers a pretty wide range of risks that lead to property damage or bodily injury that can arise on a property that is leased to a tenant, including:
  • Weather damage
  • Slip-and-fall injuries
  • Fire
  • Vandalism
  • Water-related damage
  • Car accidents at the property
  • Theft
This isn’t a comprehensive list, but it covers the most common incidents LRO covers.

Differences Between LRO And General Liability Insurance

LRO insurance and general liability insurance are similar small business coverage types. They both protect you when others claim that you’re responsible for damaged property or bodily harm, but there’s one key difference between them: Lessor’s Risk Only applies exclusively to your tenants.

COMPANY NAME: Smart Services Junction Inc |Construction Contractor Insurance Uniondale

LOCATION 626 RXR Plaza West Tower 6th Floor Uniondale, NY 11553 United State

CALL US (516) 888-1901

       

MARKETING TEAM DIGI ERA PRO

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