Lessors Risk Insurance
Comprehensive property coverage that protects your investment and shields you from guest-related liability claims, giving you the peace of mind to focus on growing your rental business successfully.
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We deliver expert coverage solutions that address the complex challenges of property management.
With extensive experience protecting commercial property owners and lessors, our expert advisors bring comprehensive understanding of property management risks to every client relationship. We work closely with you to develop insurance solutions that safeguard against tenant liability exposures, property damage concerns, and income loss scenarios while anticipating market condition changes. Our commitment to ongoing support ensures your property investment portfolio maintains robust protection as your real estate holdings and tenant base expand.
Our licensed commercial insurance specialists serve property owners across diverse rental portfolios, from single-tenant retail spaces to multi-unit commercial complexes. Through continuous monitoring of property regulations, tenant liability standards, and building code requirements, we stay ahead of evolving landlord risks. This proactive approach ensures your policy provides comprehensive protection against tenant injuries, property damage, and lease-related liability exposures.
We exceed basic property coverage to deliver comprehensive protection tailored to your lessor risk management needs. Our policies protect everything from building infrastructure and tenant liabilities to property value loss and third-party damages, ensuring your investment property remains fully secured against all potential exposures.
Hear from our customers
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Have been a client for almost 7 years. Kristina catches the phone on the first ring, makes me feel like I am the most important call of her day and always goes the extra mile to meet my needs or solve my problem. She is a keeper!!! She makes TWFG Khan Insurance Services better!!!!
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My Company CDS Protective Services LLC was in need of insurance and I was so frustrated that other companies had not getting back with me. I called Kristina on a late afternoon and had it all taken care of by the next morning. Kristina was knowledgeable and explained everything to me on the phone.
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Our company was in need of insurance and we were frustrated through other companies not getting back with us. I called Sameer on a late afternoon and had it all taken care of by 11:00 the next morning. He was knowledgeable and explained everything on the phone.
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TWFG Khan Insurance Services assisted our small family owned trucking company with commercial insurance in our first year of business. They were able to get us with the best company that would provide us a policy with the lowest rate. Not only that but their staff provides the most exceptional service, especially Chandler Bennett.
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Comprehensive professional protection, tailored to your industry's unique risks and compliance needs.
• Building structure coverageprotects against damage from fires, storms, vandalism, and natural disasters affecting the physical property and attached structures.
• Equipment breakdown protectioncovers mechanical failures, electrical malfunctions, and system breakdowns affecting building utilities, HVAC, and essential equipment.
• Contents coverage safeguardstenant improvements, building fixtures, and permanently installed equipment against theft, damage, or destruction.
• Emergency response coverageprovides immediate assistance for water damage, emergency repairs, temporary protective measures, and debris removal services.
• General liability protectioncovers bodily injury, property damage, and personal injury claims occurring on premises from visitors, tenants, or contractors.
• Premises liability coveragesafeguards against slip-and-fall incidents, maintenance-related accidents, and injuries from building facility malfunctions.
• Legal defense coverageprovides representation for property-related lawsuits, tenant disputes, and claims arising from building operations.
• Contract liability protectioncovers damages arising from lease agreements, service contracts, and maintenance agreements with third-party vendors.
• Rental income protectioncompensates for lost rent revenue during property repairs, tenant relocations, and unexpected building closure periods.
• Business interruption coverageprovides financial support during property restoration, including ongoing expenses, utilities, and mortgage payments.
• Extra expense protectioncovers temporary relocation costs, emergency repairs, and additional expenses incurred maintaining business operations.
• Extended period coverageensures continued income protection during reconstruction, lease negotiations, and tenant reoccupancy transition periods.
• Environmental hazard protectioncovers cleanup costs, remediation expenses, and legal obligations related to asbestos, mold, or contamination issues.
• Crime insurance coverageprotects against employee theft, forgery, computer fraud, and unauthorized electronic funds transfers.
• Professional liability protectioncovers property management errors, maintenance oversight failures, and violations of tenant privacy rights.
• Cyber liability coveragesafeguards against data breaches, cyber attacks, and electronic security incidents affecting tenant information.
On average, Lessors Risk Insurance costs around $2,500 annually; however, individual premiums vary based on several factors:
Older buildings and combustible construction materials lead to higher premiums, while modern structures with fire-resistant materials receive more favorable rates.
High-risk tenants like restaurants or manufacturers increase premiums significantly compared to low-risk office or retail occupants.
Properties with sprinkler systems, surveillance cameras, and controlled access typically qualify for premium discounts due to reduced risk exposure.
Buildings in areas with high crime rates or natural disaster risks face steeper premiums than properties in stable, low-risk neighborhoods.
Properties maintaining consistent occupancy levels above 80% often receive better rates than buildings with frequent vacancies or tenant turnover.
Frequently Asked Questions
Quick answers to questions you may have. Can’t find what you’re looking for? Contact us here.
Lessors risk insurance typically covers damage from fire, storms, vandalism, and certain natural disasters to the building structure and common areas. Coverage extends to permanently installed fixtures and equipment, but tenant improvements may require additional endorsements. Personal property of tenants is not covered. Building owners should maintain detailed property inventories, implement regular maintenance schedules, and ensure lease agreements clearly define insurance responsibilities between landlord and tenants.
Tenant business types directly impact premium rates and coverage terms, with higher-risk occupancies like restaurants commanding higher premiums. Insurers evaluate factors including tenant safety protocols, business hours, and customer traffic patterns. Mixed-use properties may require specialized endorsements. Property owners should carefully screen tenants, maintain detailed occupancy records, and promptly notify insurers of tenant changes to ensure appropriate coverage levels and avoid claim disputes.
Standard lessors risk policies generally don't cover tenant improvements automatically, requiring specific endorsements for comprehensive protection. Building owners should review lease agreements to determine responsibility for improvements and modifications. Consider adding Betterments and Improvements coverage to protect valuable tenant upgrades. Regular property inspections, documented improvement approvals, and maintaining current renovation records help ensure proper coverage and claim substantiation.
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For over a decade, TWFG Khan Insurance Services has been the trusted partner for businesses across Texas and neighboring states. We specialize in complex insurance solutions for maritime, oil & gas, and construction industries where standard coverage isn't enough.
Don't let gaps in coverage put your business at risk. Our team of specialists will work with you to create a comprehensive protection plan that keeps your business secure and compliant.
Join the hundreds of businesses who trust us with their most critical insurance needs.
