Overview
ACE Commercial Risk Services’ Lessor's Risk product provides a business owners package that protects owners of real estate investment property rented to others from lawsuits and damages that arise from legal action brought by their lessees or clients of a lessee in the event of physical or property damage while in the owner's space.
Advantages
- Expertise: We are one of the largest specialty-lines insurers in the United States; we are experts in protecting small businesses.
- Competitiveness: We apply our focus and expertise to keep our products and prices among the best in the business.
- Reliability: Our outstanding financial strength makes us one of the most reliable insurers of small businesses.
- Accessibility: We work with some of the best insurance brokers and program-managers across all fifty states.
BOP Offerings
The Commercial Specialty BOP Offerings
With the ACE CRS Lessor’s Risk coverage you can quote your Lessor’s Risk Operations on a Business Owners Policy (BOP) under the following LRO classifications:
| Description | Class Code |
Rating Basis |
Specialty Coverage |
|
Lessor’s Risk - |
61217 | Area |
Hired & Non-Owned Auto, Equipment |
|
Lessor’s Risk - |
61212 | Area |
Hired & Non-Owned Auto, Equipment |
Eligibility
- Up to 10,000 gross floor area
- Up to 2 stories
- Eligible tenants are retail, service, contractor, office, apartment and other low hazard tenants
Key Features
- Business owners package coverage form that automatically includes over 15 unique coverage enhancements
- Up to $5 million in total Property Values
- Business Income coverage offered on an Actual Loss Sustained basis
- Up to $1 million/$2 million in General Liability limits
- $5 million Umbrella coverage available at a $500 per million dollar layer Quote
Submissions
Quote and issue in minutes with ACE Solutions Fast TrackSM
Send submissions to: CRSPackage@acegroupx.com or call 888.762.9223
