Lessor's Risk Only (LRO) Insurance for Nevada Building Owners

Specialized premises liability and property insurance for building owners who lease 75%+ of their space to tenants. Protect your investment with LRO coverage. Family Insurance LLC writes building owners & landlords insurance across Nevada, Utah and Minnesota, comparing 10+ A-rated carriers. Call (702) 764-9951 for a quote.

Coverage	Building Owners & Landlords Insurance
Category	Commercial Insurance
States available	Nevada, Utah, Minnesota
Who it's for	Commercial building owners; Strip mall and plaza owners; Office building landlords
Carriers shopped	10+ A-rated carriers
Phone	(702) 764-9951

Overview

If you own a commercial building in Nevada and lease most of the space to tenants, Lessor's Risk Only (LRO) insurance is designed specifically for you. LRO policies cover the building structure, your liability as owner, and common areas — without covering tenant operations.

Building owners in Las Vegas face unique risks: extreme heat stress on HVAC systems, monsoon water damage, and high tenant turnover. Your insurance needs to cover the structure, common areas, and your legal liability without overlapping with your tenants' own coverage.

Family Insurance helps Nevada building owners find the right balance between comprehensive protection and affordable premiums. We ensure your lease agreements align with your insurance requirements, so gaps don't leave you exposed.

Who needs this coverage

• Commercial building owners
• Strip mall and plaza owners
• Office building landlords
• Industrial warehouse owners
• Mixed-use property owners
• Investors with leased properties

What's included

• Building structure protection
• Premises liability coverage
• Common area protection
• Loss of rental income coverage
• Legal defense for tenant claims

Coverage details

• Premises Liability: Covers injuries to tenants, their customers, and visitors in common areas — parking lots, lobbies, stairwells, and sidewalks.
• Fire Legal Liability: Covers damage to tenant-occupied spaces caused by your negligence — like a fire originating from a building system failure.
• Water Damage: Covers damage from burst pipes, roof leaks, and plumbing failures that affect your building and tenants' spaces.
• Property Structure: Insures the building shell, roof, HVAC systems, elevators, electrical systems, and permanent fixtures.
• Legal Defense: Covers attorney fees and court costs when you're sued by tenants, visitors, or neighboring property owners.
• Loss of Rental Income: Replaces rent revenue lost when a covered event makes tenant spaces uninhabitable.

Common endorsements

• Ordinance or law coverage
• Earthquake and flood
• Equipment breakdown (HVAC, elevators)
• Umbrella/excess liability

Frequently asked questions

What is LRO insurance?

Lessor's Risk Only (LRO) insurance is designed for building owners who lease 75% or more of their space to tenants. It covers the building structure and your liability as owner, but not tenant operations.

Should I require tenants to carry their own insurance?

Absolutely. Your lease should require tenants to maintain general liability and property coverage, and name you as an additional insured. This prevents gaps and reduces your premiums.

Does my policy cover tenant improvements?

Standard LRO policies cover the building shell and your permanent fixtures. Tenant improvements and betterments are typically the tenant's responsibility to insure.

Family Insurance LLC · 7318 West Post Rd Ste 202B, Las Vegas, NV 89118 · (702) 764-9951 · info@familyinsurancellc.com