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Allstar Financial Group
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Allstar Financial Group
Contact Us
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Lessor's Risk Insurance

Lessor's Risk Insurance

Allstar Financial Group, a trusted Managing General Underwriter and Excess & Surplus Lines Broker, offers a flexible and competitive Lessor's Risk Insurance program designed for a wide range of commercial property owners. Through our Allstar Underwriters division, agents can access robust coverage options for property, casualty, liquor liability, and umbrella exposures. Our streamlined small business solutions make quoting and binding fast and efficient—ideal for agents looking to place business with confidence and speed.

Ideal Accounts and Appetite

We target a variety of lessor risk classes, including:
  • Contractors' properties
  • Habitational buildings (apartments, multi-family)
  • Office buildings
  • Retail and wholesale spaces
  • Institutional properties
  • Vacant buildings (eligible under certain conditions)
Whether your client owns a single retail location or a portfolio of mixed-use properties, we have solutions that can be tailored to meet their needs.

Coverage Highlights and Advantages

Property Coverage
  • Total Insured Value (TIV) up to $5 million per location
  • Available as monoline or packaged coverage
  • No coinsurance options (subject to risk type)
  • Optional enhancements, including equipment breakdown

Casualty Coverage
  • Monoline or packaged General Liability
  • Minimum premiums starting at $500
  • Primary limits up to $5 million per occurrence/aggregate
  • Project-specific policies available
  • Coverage for risks with uninsured subcontractors
  • Optional enhancements include:
    • Blanket Additional Insured
    • Waiver of Subrogation
    • Primary Non-Contributory
    • Per Project/Per Location Aggregate
    • Hired & Non-Owned Auto (certain classes)
    • Miscellaneous Professional (certain classes)

Umbrella Coverage
  • Limits up to $5 million
  • Minimum premiums starting at $750
  • Available as supported or unsupported
  • Underlying requirements:
    • Auto or GL carrier rated A-VI or better by AM Best
    • Employer’s Liability carrier rated B++ or better
    • GL limits of $1 million/$2 million/$2 million

Underwriting Notes and Minimum Premiums

Our underwriting team is experienced and responsive, focused on giving agents rapid turnarounds. Minimum premiums vary by coverage type and risk profile, with General Liability starting at $500 and Umbrella coverage at $750. We welcome risks with unique exposures and can provide optional enhancements to meet your clients’ specific needs.

Territories and Availability

This program is available in most states, with current emphasis on the Southeast, including Alabama, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia. Admitted and non-admitted options are available depending on risk and location.

Why Work With Allstar Financial Group?

With decades of underwriting experience and access to multiple carriers, Allstar Financial Group is well-positioned to support your Lessor’s Risk placements. We make it easy to secure competitive terms for a wide range of commercial property owners, whether they operate single-tenant buildings or multi-use complexes. Our team is committed to helping agents find the right solutions—fast.

You might have a client who owns a vacant retail strip center awaiting new tenants, or a landlord leasing office space to contractors. These are examples of accounts we can often accommodate with flexible terms and fast service.

To learn more or get started, contact one of our underwriters today.

Frequently Asked Questions

What types of accounts are a good fit for this program?

We target commercial property owners leasing to tenants, including retail, office, habitational, wholesale, institutional, and even some vacant properties.

Is this program available for monoline coverage?

Yes, we can offer Property, General Liability, or Umbrella as monoline policies, or combine them into a package depending on your client's needs.

Are vacant buildings eligible for coverage?

Yes, we can consider vacant properties, subject to underwriting review and specific eligibility criteria.

What is the minimum premium for this program?

Minimum premiums typically start at $500 for General Liability and $750 for Umbrella coverage, but actual pricing may vary by risk.

Which states is this program available in?

We currently offer this program in AL, GA, LA, MS, NC, SC, TN, and VA, with availability in most other states as well.

Need help placing an account? Connect with a market specialist.

U.S. States Available

  • U.S. States Available:
  • Provider Type:
    Managing General Underwriter and Excess & Surplus Lines Broker
  • Admitted:
    Most Available States
  • Carriers:
  • Carrier Ratings:
    A
  • Commission:
    -
  • Min Premium:
    varies

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CONTACT INFORMATION

LOCATION

600 NC Hwy. 42 West
Clayton, NC 27520
877-950-3222
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Allstar Financial Group has other insurance programs like Apartment/Condo Insurance.