Building Owner’s Package Policy

Appetite

This Lessor’s Risk Policy offers property and liability coverage for well-maintained commercial, tenant-occupied properties under leases.

Sample of acceptable occupancy classes, include: Mercantile, manufacturing, light industrial, warehouse, retail, offices, mixed-use, and others.

Geography

• California, Michigan, Nevada, Oregon, Washington

Coverages offered

• Structure coverage extends to signs, fences, light standards, paved surfaces, appurtenant structures, business personal property owned by the insured and used to maintain or service the insured location, and business personal property furnished for use by tenants.
• Replacement coverage on both structures and covered business personal property (if actually replaced)
• Earthquake Sprinkler Leakage
• Equipment Breakdown
• $25,000 for contamination loss from equipment breakdown
• $25,000 for CFC refrigerant loss from equipment breakdown
• $25,000 in the aggregate for personal property of employees
• $25,000 in the aggregate for personal property of tenants
• $25,000 for pollution extraction
• $25,000 for tenant-moving costs
• $25,000 for key and lock replacement
• $1,000,000 for new buildings in the course of construction or newly acquired structures
• Low minimum premiums varying by state
• Premises Liability options available
• Personal Injury and Advertising Injury Liability
• Non-Owned Auto Liability, Hired Auto available
• Premises Medical Payments up to $1,000
• Newly acquired premises automatically covered for 90 days from date of acquisition