Coverage for the buildings you lease to others.
Own it, don't occupy it? Your tenant's policy won't protect your structure or your liability. Smart Options places Lessor's Risk (LRO) coverage for commercial, office-condo, retail, and multi-unit properties across Arizona, California, Indiana, Michigan, Oregon, and Wisconsin.
One policy line, built for how your building earns.
Whether tenants run a business or call it home, Lessor's Risk coverage keeps the owner protected. Explore the property types we insure across all six states we serve.
Commercial buildings
Single or multi-tenant commercial structures leased to businesses of any size.
Office condos
Individually owned office units and suites leased to professional tenants.
Retail storefronts
Storefronts, strip centers, and mixed-use retail space rented to merchants.
Multi-unit residential
Duplexes, fourplexes, and apartment buildings rented to residents.
Mixed-use property
Combined commercial and residential space under a single ownership.
The gap your tenant's policy leaves open.
Lessor's Risk Only insurance protects you — the owner — when you lease space to someone else. Your tenant's coverage protects their business and belongings. It does nothing for your building, your liability, or the rent you'd lose if the property became unusable. LRO closes that gap.
- ✓Building & propertyRepair or rebuild the structure after a covered loss like fire, storm, or vandalism.
- ✓General liabilityDefense and damages if a tenant, customer, or visitor is injured on the premises.
- ✓Loss of rental incomeKeeps cash flowing when a covered event stops you from collecting rent.
Four property types, one dedicated agent.
Each building carries its own risks. We tailor Lessor's Risk coverage to what you actually own and lease.
Commercial property
Office, warehouse, industrial, and multi-tenant commercial buildings leased to business tenants.
Office condos
Individually owned professional suites and office-condo units leased to tenants and practices.
Retail storefronts
Storefronts, strip centers, and mixed-use retail rented to shops, salons, and restaurants.
Residential multi-unit
Duplexes, fourplexes, and apartment buildings you rent to residential tenants.
Independent means we work for you — not the carrier.
Our experience. Your advantage. The smart option.
We compare, you save
As an independent agency, we shop top-rated carriers to match your building with the right coverage at the best price.
Two decades of experience
For 20+ years we've helped Arizona owners and investors protect the properties that pay them.
Clear, no-pressure advice
We explain your options in plain terms — no confusing jargon, no pressure — so you decide with confidence.
Lessor's Risk coverage where you own property.
Headquartered in Peoria, Arizona and licensed across six states, we write Lessor's Risk policies for property owners in these communities and beyond.
Arizona
AZ · Home baseLessor's Risk questions, answered.
What is Lessor's Risk Only (LRO) insurance? +
Who needs it in Arizona? +
Doesn't my tenant's insurance cover me? +
What does a policy typically include? +
How fast can I get a quote? +
Protect the property that pays you.
Insurance should give you confidence, not confusion. Get a clear, no-pressure Lessor's Risk quote for your Arizona property today.