Why Union County businesses need lessor's risk insurance
Union County's retail corridors in Westfield and industrial buildings in Linden are heavily tenant-occupied investment properties. Lessor's Risk Only (LRO) insurance protects owners of commercial buildings that are leased to tenants. It covers the building itself and, crucially, the owner's liability if someone is injured on the property, exposure a tenant's own policy does not cover for the landlord. If a customer slips in a leased storefront or is hurt in a common area, the building owner can be named in the claim.
What lessor's risk insurance covers in Union County
An LRO policy combines commercial property coverage for the building and its systems with general liability protecting the owner against injury and property-damage claims arising from the premises. Owners with multiple tenants or mixed-use buildings often add coverage for loss of rental income, so a covered event that makes space unrentable doesn't stop the cash flow.
Sizing the right coverage for your Union County business
Coverage is based on the building's replacement cost, the number and type of tenants, and the rental income at risk. Mixed-use and multi-tenant buildings carry more liability exposure than a single-tenant property. A common gap: owners assume the tenant's policy protects them, when in fact the landlord needs their own liability coverage for the premises. As a South Plainfield-based agency, Union County is our home market, and we work with local businesses here directly.
Working with a local Union County agent
As an independent agency, Kevin Brown Insurance Agency compares multiple highly-rated carriers rather than pushing one company's products. Serving Elizabeth, Westfield, and Linden and all of Union County, we explain the coverage in plain language and place it correctly the first time.