https://completemarkets.com/company/colonialgeneral/Lessors-Risk-Insurance/
Colonial General Insurance Agency, Inc. offers a Lessor's Risk Insurance program to help agents place coverage for commercial property owners who lease space to tenants. The program combines Property and Commercial General Liability protection and can be written on a mono-line or packaged basis to match the needs of retail, office, light industrial, or mixed-use properties.
Ideal Accounts and Appetite
This program is a strong fit for property owners who lease their buildings to commercial tenants. Typical risks include:
Retail shopping centers and plazas
Office complexes and professional buildings
Light industrial or flex buildings
Mixed-use commercial properties with retail and office units
Examples you might see: a small shopping plaza in California with multiple tenants (including a dry cleaner and a restaurant), or a landlord in Colorado leasing a professional office building. Colonial General’s appetite is focused on conventional leased commercial real estate where landlord controls common areas and seeks coverage for building, loss of income, and liability exposures.
Coverage Highlights and Advantages
Commercial General Liability Coverage:
Primary limits available up to $3,000,000 Per Occurrence / Aggregate
$5,000 Medical Payments included
Additional interests can be added for $100 each (useful for tenants, lenders)
Excess / Umbrella capacity up to $25,000,000 for layering
No liability deductible required
Property Coverage Options:
Basic, Broad, or Special (CP) forms
Building and Business Personal Property (contents)
Business Income and Extra Expense
Replacement Cost or Actual Cash Value settlements
Accounts Receivable, Valuable Papers, Computer Equipment
Equipment Breakdown and Outside Signs
Crime Coverage Options:
Inside the Premises – Theft of Money and Securities
Inside the Premises – Robbery or Safe Burglary of Other Property
Outside the Premises coverage available
Underwriting Notes
Colonial General places these risks through a mix of admitted and non-admitted markets depending on the state and exposure. Each submission is reviewed to confirm fit and deductible/limit options. Liability typically carries no deductible and the program permits layering with umbrella or excess policies up to $25 million. Provide complete unit-level exposures, tenant use details, and any leasehold or loss-payee/lender requirements at submission to speed placement.
Territories and Availability
This program is available in the following western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Utah, and Wyoming. Colonial General has extensive market experience in these states and can help you navigate state-specific placement issues.
Why Work With Colonial General
As a Managing General Agency and Excess & Surplus Lines broker, Colonial General combines underwriting expertise with broad market access. Agents benefit from responsive underwriting, flexible admitted and non-admitted options, and service geared to commercial property risks—whether you are placing a single building or a portfolio of leased properties.
Frequently Asked Questions
What types of accounts are a good fit for Colonial General’s Lessor's Risk Insurance?This program is ideal for property owners who lease commercial buildings such as retail centers, office complexes, light industrial buildings, and mixed-use properties to tenants.
Is the program available on an admitted or non-admitted basis?Colonial General places business through both admitted and non-admitted markets depending on the state, carrier appetite, and the specific exposures of the account.
What limits are available under the liability portion?Primary liability limits are available up to $3,000,000 per occurrence/aggregate, with excess or umbrella capacity available up to $25,000,000.
In which states is this program available?The Lessor's Risk program is available in AZ, CA, CO, ID, NV, NM, UT, and WY.
Can additional insureds or interests be added to the policy?Yes. Additional interests can be added for $100 each to meet tenant, lender, or contract requirements.
Need help placing an account? Connect with a market specialist.