Lessors Risk Insurance

Protecting Your Properties Made Easy.
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What is Lessors Risk Only Insurance?

Mercury Businessowners proudly offers insurance protection specifically designed to address complex exposures faced by commercial property owners of shopping/strip centers, warehouses, offices, etc. Providing essential coverages for property, business income, and ordinance or law are just a few reasons why Mercury is one of the leading commercial carriers in California.

Commercial building featuring shops along strip mall

Coverages

Blanket Coverage or 125% Extended Replacement Cost – Combines all building estimated replacement costs into one limit or increases a single building to 125% of the estimated replacement cost.

Building – Coverage for damage to buildings and structures at the described premises. This includes personal property owned by the Insured used to maintain the building(s).

Business Income – Covers loss of business income up to 12 months, (optional 18 or 24 months) Actual Loss Sustained, in the event of a loss; option for time period extension available.

Ordinance or Law Coverage 1 – Coverage is included for loss to the undamaged portion of the building up to the building limit.

Ordinance or Law Coverage 2 & 3 – Coverage for the demolition cost and increased cost of construction is included at $100,000 combined limit with option to increase.

Water Back-Up and Sump Overflow – Covers damage caused by water that backs up into the property through pipes, drains, sewer, water-service and sump pump.

Overhead view of couple shopping at clothes shop

Featured Coverages

Employment Practices Liability – Employment Practices Liability coverage protects you when an employee, recognized volunteer or applicant makes a claim against you or your business for wrongful employment. It also provides coverage for third party claims made by customers, vendors, clients and tenants alleging discrimination or sexual harassment. Costs to defend and settle these claims on average run from $27,000 to $50,200 or more and in some cases may cause dissolution of a business when the proper coverage is not in place. Whether a claim is valid or groundless, you are required to take steps to defend your business which may include legal and defense costs. Coverage is optional up to $250,000 limit w/Full Prior Acts and 3rd Party Coverage (including discrimination).

Cyber & Data Breach – This is a comprehensive insurance solution designed to help businesses respond to a full range of cyber incidents including threats of unauthorized intrusion into or interference with computers system, damage to data and systems from a computer attack and cyber-related litigation.  Most entities hold the personal information of their customers and employees. All states have data breach laws that require companies to notify affected individuals if their personally identifying or personally sensitive information may have been compromised. Coverage is optional up to $250,000 limit.

Equipment Breakdown Tech Advantage – Provides coverage for the new technology risks that businesses face. Combining both equipment breakdown and technology coverage, this product protects against accidents, the costs of repairing or replacing damaged equipment, and the costs associated with certain indirect losses.

Businesses operate in an environment of fast-paced technological changes. With advances in functionality come new exposures that standard policies fail to address. This coverage provides the additional protection that business owners need for loss or damage to property resulting from a mechanical breakdown or electrical failure.

Lessor’s Risk Broadening Endorsement
Broadening Endorsement – Optional coverage providing numerous additional property and liability coverages specifically designed for commercial building owners.

Family shopping together at a supermarket

Discounts

  • Fire Alarm – Buildings equipped with an active fire alarm system (Local, Central Station or UL with certificate).
  • Good Payer – Consistent on-time payments.
  • Loss Free – Locations without losses or a loss with less than $500 incurred within the last 3 years.
  • Multiple Location – Policies with multiple locations on the same policy.
  • Paid-in-Full – Policy premium paid in full or mortgagee bill.
  • Sprinklered Building – 100% sprinklered building with regularly maintained fire suppression sprinkler system.
  • Tenants Insurance – The Lease Agreement requires the Named Insured to be an Additional Insured on the tenants liability insurance.
  • Years of Ownership – Locations owned by the Named Insured for 2 or more years.
Bakery Business

Trusted and Reliable

Price isn’t the only factor you should consider when it comes to commercial business insurance. Having an insurance company that delivers prompt and effective customer support and speedy claim resolution allows you to focus on what’s important. Whether it’s our client-focused service or industry reputation, we pride ourselves on being a top insurance product provider.

Customer Satisfaction

Our customers love us, which is why more than 9 out of 10 Mercury customers renew their policy each year!

File a claim anytime, anywhere.

Our claims team is available 24 hours, 7 days a week.

Trusted and Reliable

Mercury has been saving businesses like yours money on insurance since 1962.