Lessor Risk Insurance

Overview of the Program From Southern Insurance Underwriters, Inc.

This program is delivered by SIU as a managing general agency with access to multiple "A" rated carriers. It is intended to protect lessors from third-party liability, physical damage to owned property and leased equipment, crime and inland marine exposures tied to leased property, and automobile liability where applicable. SIU emphasizes practical, market-driven solutions for agents placing small to mid-sized lessor portfolios across AL, GA and SC.

Ideal Accounts and Appetite

• Commercial property lessors and landlords (retail strips, small office buildings, industrial units)
• Equipment lessors and specialty leasing operations that need Inland Marine and Property protection
• Vehicle leasing and fleet lessors looking for Auto and Liability packages
• Storage and self-storage operators where tenant property exposures and crime coverage are concerns

Typical fits are accounts with straightforward lease documentation, clear loss control practices and total insured values within program guidelines. SIU can also consider non-standard or higher-risk placements through E&S markets when risks fall outside company underwriting limits.

Coverage Highlights and Advantages

• Access to multiple "A" rated carriers for admitted placements
• Coverage lines available: General Liability, Property, Crime, Inland Marine, Automobile
• Up to $3 million in Total Insured Value (TIV) without reinsurance — larger programs considered via reinsurance or E&S
• Property enhancement endorsement offering 20+ additional coverages to tailor protection
• Not credit or insurance scored — simplifies qualifying smaller or specialty lessors
• Excess and Umbrella capacity available to broaden limits

Underwriting Notes and Minimum Premiums

Admitted placements are available where state rules and carrier appetite permit; E&S is used for risks outside those guidelines. Underwriting is risk-specific — minimum premium and final terms vary by carrier, line of coverage and the individual account. Common submission items include lease schedules, loss runs, property values and basic risk control information.

Territories and Availability

This program is available in AL, GA and SC. SIU positions most business in admitted markets when possible and will access E&S markets for risks that require non-admitted placement or exceed admitted company limits.

Why Work With Southern Insurance Underwriters, Inc. on Lessor Risk Insurance

• Wholesale MGA model gives agents fast access to multiple A-rated admitted markets and E&S solutions.
• Program flexibility — combination property, liability and inland marine placements tailored to lessor exposures.
• Experienced underwriting focused on practical, marketable solutions for independent agents.

Example scenarios

You might have a client who owns several small retail storefronts and needs a combined package for building property, general liability and crime coverage — this program can quote admitted coverage and add excess limits when needed. Or you might place an equipment lessor with $2M in leased assets that needs inland marine plus liability; SIU can consider that account within the $3M TIV guideline or refer to E&S for larger portfolios.