Coverage
What a lessors risk policy actually covers
Five coverages carry almost every commercial property owner. The one owners under-buy is the one that decides whether the loss is survivable: business income and loss of rents. The building can be rebuilt. The rent stops the day of the fire.
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The one that matters most
Business Income & Loss of Rents
The flagship. What the policy pays when the building is unusable and the rent stops, how the period of restoration is measured, and why the coinsurance figure on this coverage is the one most often wrong.
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Commercial Property
The building itself and what the owner owns inside it — the structure, the owner's contents, and the valuation basis that decides what a total loss actually pays.
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General Liability
The owner's liability for what happens on premises the owner does not occupy, and how a lease moves that duty around without moving the law.
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Commercial Umbrella
Excess limits over the primary lines, and the schedule-of-underlying problem that decides whether the umbrella actually sits over the loss.
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Tenant Discrimination
Fair-housing and public-accommodation exposure that the general liability form does not reach, and why a commercial landlord has it.