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Building Owners: Lessor's Risk Coverage

If you're a building owner or manager who either leases out an entire building or occupies less than 75% of a building, you should consider a Lessor’s Risk Only (LRO) policy from Babcock & Helliwell.

Think of LRO as landlord’s insurance. This one policy provides liability and property coverage for you as well as liability coverage over that of your tenants, protecting you against tenant suits after a loss. You can even add your business’s personal property — such as office furniture and computers — to your LRO policy.  

We're able to draw from several programs that are available from the excellent, financially sound insurance companies we represent. All offer you a low minimum premium and high limits for qualifying leased or rented:

• Office buildings
• Office parks
• Warehouses
• Commercial, including multi-tenant

These policies offer a full range of coverage options, including:

• Loss of Income — 12-month actual loss sustained basis or with a stated limit 
• Money and Securities coverage 
• Non-Owned and Hired Auto coverage 
• Sign coverage 
• Equipment Breakdown coverage 

 
Plus, we offer creative alternatives solutions such as:

• Blanket limits — which allow the entire policy limit to apply to a loss at any location
• Primary loss limits — which accommodate large insurance programs that require multiple companies to provide high insurance limits
• Aggregate deductibles — which can reduce out-of-pocket deductible expenses if a firm is faced with more than one claim in a policy period

Babcock & Helliwell has helped businesses manage and control risk for more than 100 years. We back each policy with excellent service, and have the experience, knowledge, and resources to develop a program to fully protect your business.

If a Lessor ’s Risk Only policy from Babcock & Helliwell sounds right, give us a call. We’ll review your current insurance coverage, evaluate your needs, and then recommend the right LOR policy for you.

Contractors

Babcock & Helliwell has been a market leader in contractor and homebuilding insurance and risk management services since 1892. Whether you’re a one-person operation, an artisan contractor, or the owner of a multi-million-dollar general construction firm, your levels of risk grow with the size of your projects and enterprises.

Babcock & Helliwell’s insurance and risk management professionals — one of the largest and most trusted teams in Rhode Island — understand the unique exposures that contractors, project owners, developers, designers, and homebuilders face as they expand their operations or enter into new ventures. We help them control risk with exceptionally broad property and liability insurance products and on-site risk management.

At Babcock & Helliwell, we thoroughly evaluate your current insurance coverage and requirements. Since we work closely with a number of financially sound insurance companies, we can recommend the most appropriate combination of price and coverage. Some of the products we offer include:

• Builders' Risk
• Equipment & Tool Floaters
• General Liability Insurance
• Owners' and Contractors' Protective Liability Insurance
• Pollution Liability
• Products/Completed Operations
• Real and Personal Property Coverage
• Workers’ Compensation
• Bonding Capabilities

We take the time to thoroughly explain all coverage enhancements and exclusions so that you won't be caught in an uninsured situation.

Keeping risks and losses to a minimum is a cornerstone of business success. Our risk management specialists will work with risk managers at large construction firms to identify and correct potential hazards and situations that might lead to a loss. And for smaller contractors, Babcock & Helliwell can serve as the risk management staff. After a through review, our team will make suggestions that prevent problems before they happen, increasing your bottom line.

If insurance protection and services built for the construction industry sound right for you, call Babcock & Helliwell.