Landlord Insurance In Massachusetts

Protecting Your Commercial Rental Investment Property

Your rental property is an investment, but renting to tenants can be a challenging experience. You probably know by now that being a landlord means more than cashing the monthly rent check. Even if you manage to find model tenants running a low risk business, you’re still responsible for the property’s upkeep and maintenance which leaves you open to property damage and increased liability risks. That’s why you need a customizable landlord insurance policy to protect your investment. LoPriore works with a variety of insurance companies to provide you with several landlord insurance options at the most competitive prices.

Landlord Insurance


Landlord property insurance provides coverage for you as the commercial property owner against financial losses connected with your rental property. The policy covers your building and could also provide liability coverage for claims that may arise. These types of properties can be covered under a commercial landlord insurance policy.

  • Residential Apartments
  • Mixed-use Commercial Buildings
  • Warehouses
  • Shopping Centers
  • Industrial Buildings


Commercial Landlord insurance provides coverage for business stuff like buildings, equipment, inventory, and even customers’ personal property for covered risks. Additionally, coverage for business interruption may be covered.


Any landlord or investor who owns commercial real estate can benefit from a landlord insurance policy. Lenders and financial institutions often require a commercial landlord policy.


Property Coverage

  • Commercial Property Coverages: Property insurance provides coverage for loss and damages to real property (land and buildings) and personal property (everything else) at the premises. A deductible typically applies to each loss.
  • Buildings and Business Personal Property: Building coverage refers to the actual building and structures, additions, outdoor structures, permanently installed fixtures, and equipment. Business personal property coverage includes property used in the insured’s business including furniture and fixtures, inventory and stock, the property of others in your care, and other similar items not explicitly excluded.
  • Employee Dishonesty Coverage: This policy provides coverage that protects an employer from financial or property loss due to the fraudulent activities of employees.
  • Inland Marine Insurance: This coverage protects property in transit and the property of others in your care, contractors equipment, and other property not usually left at a fixed location.

General Liability

  • Commercial General Liability Coverages: General liability provides coverage for bodily injury or property damage for which the insured is legally responsible. Additional coverage includes liability for personal injury and advertising injury, medical expenses, accidents occurring on or away from the premises, products, completed operations, and defense costs.
  • Medical Payments: Payment for medical expenses resulting from bodily injury caused by an accident on the premises or when prompted by the insured’s operations.
  • Fire Damage Limit: This coverage provides specific protection for fire damage to rented premises caused by the insured’s negligence.
  • Commercial Umbrella: Also called an excess liability policy, commercial umbrella insurance provides an added layer of protection beyond the limits of your underlying policies. It’s important to remember that all underlying policies are kept up to date during the effective term of your commercial umbrella insurance.
  • Directors/Officers Liability: Protection for your company and the directors of your company against claims from stockholders, employees,  and clients. Directors can be held legally responsible for acts of the company and often demand the protection of a D&O policy.

Optional Coverage Enhancements

  • Equipment breakdown: Often excluded from a standard commercial policy, this optional coverage covers all electronics systems including computers and telephone systems. Protection includes coverage for direct damage, expediting expenses, and business interruption.
  • Business Income and Extra Expense: Business income coverage provides the business with lost income during the interruption of business due to a covered claim. Extra expense coverage provides funds for the added costs of the continuation of normal operations until repairs are completed.
  • Law and Ordinance: This coverage provides protection for when a substantial part of the building is destroyed and local ordinances require the undamaged portions to be demolished and rebuild to meet business codes.
  • Water Backup of Sewers and Drains: This optional coverage pays for damages resulting from a backed up drain or sump pump.
  • Blanket Insurance: This coverage provides blanket insurance for multiple properties with a single agreed limit for all properties that are scheduled locations.
  • Flood and Earthquake: Flood and earthquake coverage are typically excluded from commercial policies, but are available as buyback coverage and priced according to requested limits.
  • Hired and Non-owned Auto Liability: Essential coverage that provides liability protection for employees using vehicles for business purposes that are not owned by the business.


Landlord Insurance Frequently Asked Questions

How much coverage does my commercial landlord policy provide for loss of rent?

The limit of coverage can be found within the insurance coverage section of your policy.

Does my landlord insurance cover my tenants' personal belongings?

No. Landlord insurance covers the dwelling, attached structures, and personal property used to service the rental. Your tenants can purchase a renter's policy to protect their possessions.

Can a landlord require renters insurance?

While laws don't require tenants to purchase renters insurance, it is within your rights to add this requirement to the rental agreement. A landlord can also require a specific amount of insurance, proof of coverage, and require the tenant to keep the policy active for the duration of the lease. 

How much is landlord insurance?

The cost of landlord insurance varies due to several factors including

  • The type and size of the construction
  • Age and condition of the building
  • How many rental units you have
  • Whether you have a swimming pool
  • Whether you allow smokers to rent from you
  • Whether you have burglar alarms
  • The presence of installed fire sprinklers
  • Whether your electrical wiring is up to current code
Why do I need commercial landlord insurance if I have property insurance?

Commercial landlord insurance provides additional protection to cover the liability risks associated with renting your building to a third party business. Additionally, you're covered for the costs associated with lost income due to the interruption of business for a covered claim.

Learn More About Landlord Insurance

Protecting your investment with a commercial renters insurance policy can help you avoid significant financial losses. To learn more about finding a commercial landlord insurance policy that meets your unique needs, get in touch with the LoPriore team today. Our experienced agents can provide you with expert advice, a quick quote on the policy you need, and answers to your questions.

Have any Question? Ask us anything, we’d love to answer!

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