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Real Estate-Commercial

Insurance That Feels Like Home

Commercial property owners and managers have unique exposures. Let The Hartford build a business insurance plan designed for your needs. Some of our coverages for real estate businesses include:

Contract Cancellation

Unlike other insurers that specifically exclude this type of coverage, The Hartford will protect your business income from lost rents for up to two years if a tenant cancels a lease, or a client cancels a management contract, with you due to a covered loss.

Damage at an Adjacent Property

What if damage at an adjacent property prevents you from gaining access to your own property? With The Hartford's coverage, you get up to $50,000 to cover your loss of business income.

Damage at an Anchor Store

If you collect rental fees from your tenants based on a percentage of their sales, damage to a retail center's anchor store could result in lower sales for others in the same part of the property. This coverage provides up to $100,000 business income for your loss or reduction of rental income resulting from direct damage to an anchor store.

General Partners Liability and Limited Partnership Reimbursement

This comprehensive coverage provides a range of important provisions, including:

  • Automatically covers newly acquired or formed limited liability companies (LLC); limited liability partnerships (LLP) for up to 45 days.
  • Extends to the directors and officers of the organization's general partner, protecting from claims for damages that result from errors made in the course of their duties.
  • Provides legal counsel at the insured's discretion.
  • Ensures that all settlements negotiated are subject to the insured's consent.

Increases in Real Estate Taxes

Up to $50,000 of business income coverage may apply to tax increases resulting from higher property values due to the restoration of property following a covered loss.

Triple Net Leases

Extra security just for commercial property owners! Unlike other carriers who don't even offer asset protection, The Hartford provides this coverage if you use triple net leases to transfer the responsibility for insuring your leased premises to your tenants. So if a tenant fails to secure the required insurance outlined in a lease, The Hartford would provide contingent coverage.

To find out how The Hartford can help protect your real estate business, contact your Hartford agent.

All coverages and services may not be available for all businesses or in all states. For details on what coverages and services are available to you, contact your agent at The Hartford today.

This site outlines in general terms the coverages and services that may be afforded under a Hartford policy. All policies must be examined carefully to determine suitability for your needs and to identify any exclusions, limitations or any other terms and conditions that may specifically affect coverage. In the event of a conflict, the terms and conditions of the policy prevail. All Hartford coverages and services described on this page may be offered by one or more of the property and casualty insurance company or life and accident insurance company subsidiaries of The Hartford Financial Services Group, Inc.

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