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lmbf | real estate residential or commercial landlords

Whether coverage is required for one or more apartment buildings, a commercial plaza, an office building or a large property portfolio with a number of buildings, our brokers will provide you with the right solution and recommend the appropriate coverages suited for your property.

Here are some of the main solutions we offer for real estate residential or commercial landlords:

Property insurance

Whether you are renting a commercial space, operating in a building you own or working from home, commercial property insurance provides protection against loss or damage because of events such as a fire, theft, vandalism, and other perils. This coverage protects against damage to your company’s physical assets, inside and out, such as buildings, inventory, equipment, furniture, and machinery, as well as exterior fixtures like outdoor signs, fences, landscaping, and debris removal.

Business interruption (rental income)

When your property is damaged by a loss such as a fire, water damage or other covered perils and your tenants are unable to use or access the building. Business interruption coverage typically will compensate you for the loss of income and other expenses such as rents, employee wages and more. This policy makes sure that a temporary shutdown does not turn out to be a catastrophic loss if you do not have the revenue stream to keep paying your continued expenses such as your mortgage, taxes and other.

Equipment breakdown

Whether you are a building owner or, a tenant in a leased building, your standard property insurance covers damages to your equipment from perils such as a fire, theft, water damage, windstorm, and others. However, property insurance policies do not cover damage from causes such as mechanical failure of equipment, electrical short circuit, explosion from a boiler or other pressure vessel, change of temperature and mechanical breakdown. Coverage for these types of losses requires specific equipment breakdown coverage.

Commercial general liability « CGL »

Commercial General Liability (CGL) is the most well-known coverage and most purchased policy issued to businesses to protect them from liability claims resulting from bodily injury and property damage arising from their operations, products or completed operations as well as advertising and personal injury (PI). Liability coverage is intended to protect your business against both legal costs and any claim payments for which you are ultimately held legally responsible.