Industry Solutions

Commercial Property Owners

At The Hartford, we put our years of experience with companies such as yours to work for you. We understand your business and tailor coverage to meet the specific needs of Commercial Property Owners and protect what’s most important to you. So, you not only get our core coverage, you also get the benefit of enhanced protections specifically for your industry. Review a sampling of our industry-specific coverages for Commercial Property Owners below.

Property Coverage for Commercial Property Owners

What We Offer How You Will Benefit
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.
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.

 

Liability Coverage for Commercial Property Owners

What We Offer How You Will Benefit
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.


The suggestions and information contained herein are provided for informational purposes only and are not intended to be all inclusive. Please refer to the issued policy for specific details regarding coverages, conditions and exclusions. In the event of a conflict between the terms contained herein and the policy, the policy terms and conditions will prevail.

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Learn More About Hartfords Core Coverages

See the list of core insurance coverages available from The Hartford to meet your business insurance needs.