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Lessor’s Risk Only (LRO) Insurance

Surplus lines solutions to protect property owners from tenant-related liability risks.
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Comprehensive Specialty Insurance Solutions for Commercial Building Owners and Managers

Securing Lessor’s Risk Only Insurance for commercial landlords is often tricky, particularly if a property has a claims history, is in an area with elevated loss risks, or offers amenities like pools or playgrounds. DeCotis Specialty Insurance makes it easy for agents to access customizable coverage options for their clients’ single- and multi-tenant properties.

Target Classes

FOR COMMERCIAL REAL ESTATE

We provide our agency partners with access to specialty insurance for owners and managers of various types of commercial real estate, including but not limited to:

  • Mixed-use buildings—e.g. habitational, retail, and restaurants
  • Condominium buildings and complexes
  • Retail plazas, strip malls, and shopping centers
  • Light industrial and warehouse spaces
  • Office buildings
  • Medical and professional facilities

Coverage Options

DeCotis offers surplus lines solutions that help agents meet the diverse specialty risks and insurance requirements of commercial landlords and property managers.

  • Building and Property Coverage: Protection against fire, theft, vandalism, and natural disasters
  • General Liability Coverage: Bodily injury and property damage protection
  • Business Income and Loss of Rents: Coverage for income losses due to a covered event
  • Equipment Breakdown: Mechanical and electrical equipment coverage
  • Ordinance or Law Coverage: Protection for rebuilding requirements due to updated codes
  • Optional Coverages: Flood, Earthquake, Water Backup, Cyber Liability, and more

Product Highlights

To read more product highlights, please download and save the commercial property coverage sheet.

  • Available for annually- or seasonally-leased properties
  • Boarding or rooming houses considered
  • Student housing considered
  • Subsidized housing acceptable
  • Protection classes 1 to 10
  • Risks with sport courts considered
  • Parks, playgrounds, and swimming pools acceptable
An informational flyer for Decotis Specialty Insurance about commercial property insurance, featuring Commercial Property coverage highlights, coverage types, industries served, contact info, and a QR code to request a quote. The design uses orange, yellow, and white colors.
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SUBMISSION REQUIREMENTS

Download the ACORD 140—Commercial Property Application and provide three years of loss runs and any additional relevant information. Send the application to: Quotes@DeCotis.com.

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A filled-out ACORD 125 Property Section insurance form for Commercial Property, featuring sections for agency info, premises info, coverage details, mortgagee details, and additional interests, with various fields and checkboxes throughout the form.

Getting a Quote Is Simple

Select one of the following options to request a Lessor’s Risk Only quote for your clients:

Submit an Application
Contact an Underwriter

States where
we do business

States where we do business

Northeast
  • Connecticut
  • Delaware
  • Maine
  • Maryland
  • Massachusetts
  • New Hampshire
  • New Jersey
  • New York
  • Pennsylvania
  • Rhode Island
  • Vermont
Mid-Atlantic
  • District of Columbia
  • Florida
  • Georgia
  • North Carolina
  • South Carolina
  • Virginia
Southwest
  • Arizona
  • Colorado
  • New Mexico
  • Oklahoma
  • Texas

CROSS-SELL OPPORTUNITIES FOR SURPLUS LINES

Your commercial real estate clients may also require these products.

Condominium Association Insurance

Designed to protect the shared elements of residential and commercial condo properties—from lobbies to landscaping—against a variety of property damage and liability exposures.

Learn More
Hospitality and Liquor Liability Insurance

Provides financial protection to bars, event venues, and other hospitality businesses against various liability risks, including guest injuries, overserving incidents, and property damage.

Learn More

Does DeCotis Deliver? Hear From Our Agency Partners.

The thing I love the most about DeCotis is the close-knit, family-like culture where relationships go beyond just work. With DeCotis, you’re not just another agent—you’re part of the family. Trusted expertise, personal attention, and genuine care every step of the way.
Shannon DonovanTashmoo Insurance Agency Inc
DeCotis is by far the most responsive of the carriers we work with and the most willing to work with the agents. Whether it’s simple acknowledgement on submissions, binder/invoice turnaround, or simple service requests, the service is second to none.
John DutneyBerlin Insurance Group, LLC
The DeCotis team is everything you hope for in a partner—attentive, collaborative, and always a step ahead. Their service goes beyond responsiveness; it’s the kind of relationship built on trust and a shared commitment to doing things right.
Mackenzie HanniganBayside Insurance Underwriters
We have been working with DeCotis for nearly a decade and have experienced nothing but excellent service. Their responsiveness, customer service, and expertise in the industry set them apart from other brokers. We look forward to continuing our partnership for many years to come!
Sean M. Segreve, CPCU, CIC, CISRSegreve & Hall

THE POWER OF CHOOSING DECOTIS

  • Responsive Support from Experienced Underwriters
  • Customized Coverage Options for Single- and Multi-Tenant Commercial Properties
  • Access to AM Best A-Rated Carriers
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