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Illustration of a leased out building

Lessor’s Risk

Lessor’s Risk Only (or LRO) coverage is crucial for building owners to know their property is protected. With Pathpoint, you can get multiple quotes for General Liability or Package by completing one submission.

Even if you’re an agent that focuses mostly on personal lines, you may have clients who are investment property owners and are in need of LRO policies, so be sure to check with all of your clients for new opportunities.

Appetite spotlight

  • Property TIV up to $5.6M per policy, $3.3M per location

  • Wind-exposed coastal property, right up to the water

  • Built as early as 1850; buildings prior to 1900 need complete building system upgrades within last 30 years

  • Wind deductibles as low as 2%

Markets

Westchester logoC&F logoMarkel logoNautilus logoWestchester logoC&F logoMarkel logoNautilus logoWestchester logoC&F logoMarkel logoNautilus logoWestchester logoC&F logoMarkel logoNautilus logo

Considered risks

  • Retail and habitational tenancies

  • Locations with prior loss history

  • New ventures without prior coverage

  • Restaurant tenants with commercial cooking exposure

  • Legal marijuana distribution and retail

Frequently quoted classes

  • Buildings or premises

  • Shopping centers

  • Habitational

  • Parking

  • Vacation rentals

Appetite overview

ISO Code

Description

NAICS Mapping

ISO Code

46603

Description

Parking - Public - Not Open Air

NAICS Mapping

812930

ISO Code

46604

Description

Parking- Public - Open Air

NAICS Mapping

812930

ISO Code

46606

Description

Parking - Public - Shopping Centers - Maintained by Lessee (Lessor's Risk Only)

NAICS Mapping

812930

ISO Code

46607

Description

Parking - Public - Shopping Center - Maintained by the Insured (Lessor's Risk Only)

NAICS Mapping

81293

ISO Code

46622

Description

Parking – Private

NAICS Mapping

812930

ISO Code

60010

Description

Apartments

NAICS Mapping

531110

ISO Code

60011

Description

Apartments - Garden

NAICS Mapping

531110

ISO Code

61212

Description

Buildings or Premises – Bank or Office – Mercantile or Manufacturing (Lessor's Risk Only) – Other Than Not-For-Profit

NAICS Mapping

531120

ISO Code

61216

Description

Buildings or Premises – Bank or Office – Mercantile or Manufacturing (Lessor's Risk Only) – Not-For-Profit Only

NAICS Mapping

531120

ISO Code

61217

Description

Buildings or Premises – Bank or Office – Mercantile or Manufacturing (Lessor's Risk Only) – Maintained by the Insured – Other Than Not-For-Profit

NAICS Mapping

531120

ISO Code

61218

Description

Buildings or Premises – Bank or Office – Mercantile or Manufacturing (Lessor's Risk Only) – Maintained by the Insured – Not-For-Profit Only

NAICS Mapping

531120

ISO Code

63010

Description

Dwellings – One-Family (Lessor's Risk Only)

NAICS Mapping

531110

ISO Code

63011

Description

Dwellings – Two-Family (Lessor's Risk Only)

NAICS Mapping

531110

ISO Code

63012

Description

Dwellings – Three-Family (Lessor's Risk Only)

NAICS Mapping

531110

ISO Code

63013

Description

Dwellings – Four-Family (Lessor's Risk Only)

NAICS Mapping

531110

ISO Code

67634

Description

Shopping Centers – Indoor Malls – Buildings or Premises Not Occupied by the Insured (Lessor's Risk Only)

NAICS Mapping

531120

ISO Code

67635

Description

Shopping Centers – Buildings or Premises Not Occupied by the Insured (Lessor's Risk Only)

NAICS Mapping

531120

ISO Code

68702

Description

Warehouses – Occupied by Multiple Interests (Lessor's Risk Only)

NAICS Mapping

531120

ISO Code

68703

Description

Warehouses – Occupied by Single Interest (Lessor's Risk Only)

NAICS Mapping

531120

ISO Code

90822

Description

Vacation Rentals (Lessor's Risk Only)

NAICS Mapping

531190