Overview of the Program From Halcyon Underwriters
Halcyon Underwriters offers a broad-market solution for Lessors Risk Insurance through our network of top-tier admitted carriers. As a wholesale broker, we provide independent agents and brokers with access to competitive markets that specialize in insuring commercial property owners who lease to tenants. Whether you're placing a single-location retail strip center or a portfolio of office buildings, we have options to meet your clients' needs.
Ideal Accounts and Appetite
This program is designed for property owners who lease space to commercial tenants. We can accommodate a wide variety of occupancies including:
- Retail centers and strip malls
- Office buildings and medical office space
- Light industrial and warehouse units
- Mixed-use commercial buildings
Accounts are typically a good fit when tenants are engaged in low- to moderate-hazard operations. We can also consider buildings with multiple tenants and those with updated systems.
Coverage Highlights and Advantages
Our Lessors Risk program offers flexible terms and access to multiple admitted carriers to help you match your clients’ needs. Coverage options may include:
- Property and general liability coverage
- Business income and extra expense
- Tenant property damage liability
- Optional coverages such as ordinance or law, equipment breakdown, and more
We support agents with responsive underwriting and the ability to tailor coverage based on occupancy types and risk characteristics.
Underwriting Notes and Minimum Premiums
Our program has a minimum premium requirement of $20,000 and is best suited for mid-sized to larger commercial properties. Submissions should include details such as building age, construction type, tenant mix, and current loss runs. Properties with strong maintenance records and updated electrical, plumbing, and HVAC systems are viewed favorably.
Territories and Availability
This program is available in all 50 states plus Washington, D.C., offering nationwide access for your commercial real estate accounts. All carriers are admitted in the states where coverage is placed.
Why Work With Halcyon Underwriters?
With over three decades of experience in the wholesale market, Halcyon Underwriters offers personalized service, expert underwriting support, and access to multiple A-rated admitted markets. We work closely with our agency partners to find the right solutions and help you grow your book of business.
For additional information, please contact Jason Mata at [email protected].
We encourage you to visit our website at www.halcyonuw.com to learn more about what our company can offer to meet your insurance needs.
Frequently Asked Questions
What types of accounts are a good fit for this Lessors Risk program?
Ideal accounts include retail strip centers, office buildings, medical office spaces, and light industrial properties with stable, low- to moderate-hazard tenants.
Is this program available in all states?
Yes, Halcyon Underwriters offers this program nationwide, including all 50 states and Washington D.C., using admitted carriers.
What is the minimum premium for this program?
The minimum premium is $20,000, making this program best suited for mid-size to large commercial real estate risks.
Can Halcyon write buildings with multiple tenants or mixed-use occupancy?
Yes, we can consider properties with multiple tenants or mixed commercial uses, provided the tenant operations align with underwriting guidelines.
What information should be included in a submission?
Submissions should include building details (age, construction, updates), tenant information, current loss runs, and any prior coverage history.
Need help placing an account? Connect with a market specialist.