Lessors Risk Only (LRO) Insurance helps protect commercial building owners who lease space to tenants, such as office buildings, retail plazas, mixed-use properties, or small industrial spaces. This coverage typically combines property and liability protection, helping pay for losses resulting from fire, water damage, vandalism, tenant-caused damage, and certain liability claims that occur on the premises. It is designed specifically for landlords and property owners who do not occupy the building themselves but are responsible for maintaining the property.

LRO policies can often be customized based on tenant type, building age, occupancy, and lease requirements. Granite State Insurance works with building owners to align LRO coverage with lease agreements, lender requirements, and real-world exposures such as common-area slip-and-fall risks, tenant improvements, and property income loss. The result is a tailored program that helps safeguard both the property and the income it generates.