Lessor’s risk insurance — Chicago & the Midwest

They can. Wind, named-storm, wildfire, seismic, and freeze exposures vary regionally and influence both how the building is rated and what perils need attention. We account for the region's code and weather environment when structuring your program.

Yes. We routinely issue the certificates of insurance and additional-insured endorsements that local commercial lenders, tenants, and partners require before closing or move-in.

We do. We right-size and coordinate coverage across multiple properties — schedule of locations, blanket limits where it makes sense — and provide one point of contact for the whole portfolio.

Wind, named-storm, hail, wildfire, and freeze exposures vary by region and affect property and equipment-breakdown pricing. We shop markets that write your region and structure deductibles so you're protected without overpaying.

Yes. For a major renovation, addition, or tenant build-out we can write project-specific builder's risk or course-of-construction coverage alongside your ongoing lessor's-risk program.

Yes. We supply the certificates of insurance, additional-insured endorsements, and proof-of-coverage documents that local commercial lenders, tenants, and partners require — turned around fast.

We do — coast to coast. Because we're licensed everywhere, a single program can cover your entire portfolio across regional lines, with one point of contact for certificates, endorsements, and claims.

Most commercial building owners pay $750–$2,500 a year for base Lessor's Risk Only, with the full program (LRO, property, equipment breakdown, umbrella) running $2,500–$9,000. Cost depends on building value, construction, tenant mix, and location. We quote the full program in about 15 minutes.

Yes. Contractors Choice Agency is licensed in all 50 states and writes lessor's-risk and commercial property programs from the Sun Belt and Texas to the Northeast, Midwest, and West Coast.

About 15 minutes for a standard program. Once bound, we turn around certificates of insurance and additional-insured endorsements for lenders, tenants, and partners — usually within minutes.

LH-1 is the ISO class code for a Lessor's Risk Only building — a commercial property leased to tenants where the owner's only occupancy is as a landlord. Correct LH-1 classification keeps premium fair and ensures claims aren't denied for misclassification.

Yes — that is the central purpose of Lessor's Risk Only. If a tenant's operations cause a fire that damages the building or other tenants, LRO covers the owner's property loss and liability. Generic policies often mishandle this exact exposure.

Standard commercial property excludes internal breakdown. We add equipment-breakdown (boiler & machinery) coverage so failed HVAC, boilers, chillers, elevators, and electrical panels are covered, including the resulting business-interruption loss.

Most carry $1M/$2M on liability with a $2M–$5M umbrella, and property limits equal to the building's full replacement cost. We size limits to your building value, tenant exposure, and lender requirements.

If you or your maintenance crew drive company vehicles between properties, yes — personal auto excludes business use. We also add hired/non-owned coverage if employees drive personal vehicles for property work.

Often, yes. We have excess-and-surplus (E&S) and specialty markets for buildings with loss runs, high-hazard tenant mixes, older construction, or other exposures that standard markets decline.

Yes — your lease should require every tenant to carry general liability and name the building owner additional insured on a primary, non-contributory basis. We provide a sample lease clause and help track certificates.

You reach a person with context, not a queue. We respond within 2 hours, help you document the loss, and manage the claim with the carrier so it's paid correctly and your building keeps operating.

Commercial property leased to tenants has a specific risk profile that generic carriers exclude or misprice. A specialty broker knows the LH-1 class code, the markets that write each tenant mix, and how to manage a tenant-caused claim.