The Orchid Lessor’s Risk Product protects owners of rental property from lawsuits and damages. Real estate owners are protected from legal action by lessees or clients of a lessee in the event of bodily injury or property damage while in the owner’s space.
- Business Owners Policy and Monoline Property policy types available
- Up to $10 million per building, $15 million per location, and $25 million per policy in coverage
- Up to $1 million / $2 million in General Liability Limits
- Includes the Orchid Premier Endorsement to enhance certain coverages such as Spoilage, Ordinance or Law, Outdoor Property, Employee Dishonesty, Water Backup, Outdoor Sign, Debris Removal, etc.
- Year of construction- 1950 and newer; 1900 in the Northeast, Charleston, & New Orleans
- Include Wind coverage without any restriction on distance to coast
- Write BOP policy up to higher TIV limits of $10 million per building
- Online submission process to increase quick turn-around times
Optional/ Additional Coverages
- Equipment Breakdown
- Ordinance or Law
- Employee Benefits Liability
- Outdoor Property
- Water Backup
- Assault & Battery