Tenant Legal Liability Insurance

Tenant Legal Liability Insurance

Running your business in a rented space? We’re tenant insurance experts. Let us make it fast, simple, and most importantly affordable for you to get Legal General Liability for Tenants.

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What is Tenant Liability Insurance?

Many landlords require tenants to purchase a Commercial General Liability Insurance policy, or CGL for short.  CGL policies include coverage for Tenants Legal Liability. This is to satisfy the landlord (or building owner) that you have a means to indemnify them should you or one of your employees cause damage to the premises you are renting.
Tenant Liability Insurance Coverage

What does Tenant Legal Liability Insurance cover?

  • Tenants Legal Liability: If you or an employee cause damage to the property you are renting you may be legally responsible for these damages.  This coverage would trigger and a claim would be payable to your property owner or landlord.
  • Bodily Injury: If your business is found legally liable for an injury to a third party while they are on your property this coverage would respond.
  • Coverage for Property Damage, Medical Payments and Advertising Injury are also included in this type of policy.

Some exclusions are:

  • Intentional or wrongful acts
  • Your physical assets (computers, office furniture)  these items would be considered contents are insurable on a Commercial Property Insurance policy.
Tenant Liability Insurance Requirements

Who needs Tenant Legal Liability Insurance?

Here are some of the most popular businesses that require tenant insurance:

  • Accountants
  • Actuaries
  • Architects
  • Engineers
  • Business Consultants
  • Collection Agencies
  • Financial Advisors
  • Legal Consultants
  • Immigration Consultants
  • Interior Designers
  • IT Contractors
  • Lawyers
  • Mortgage Brokers
  • Placement Agencies
  • Private Investigators
  • Project Managers
  • Paralegals
  • Photographers
  • Recruitment Consultants
  • Staffing Agencies
  • Travel Agents
  • Videographers
  • Web-Site Designers
Tenant Liability Insurance Costs

What is the cost of Tenant Legal Liability Insurance?

On average, a tenant legal insurance policy can start for as low as $60 / month

The total cost of owning tenant insurance will depend on a number of factors including your gross revenue, years of experience and financials.

If you’re ready, get a free commercial tenant insurance quote online in just a few minutes!

Getting insured is quick and easy!

If Tenant Legal Liability Insurance is what you need, request a free quote now

Common scenarios where Tenant Legal Liability Insurance is useful

Fallen Sign

The sign that hangs above your retail store entrance was not installed correctly and has fallen onto a pedestrian as they passed on the sidewalk. In this scenario the Bodily Injury coverage would apply and cover the damages up to the policy limit.

Office Fire

You’re the CEO of a tech start up that has just recently moved into a beautiful rented office.  One night an employee leave’s the toaster oven on which accidentally causes significant smoke damage.  A Commercial General Liability policy would support this claim, triggering coverage under the Tenant Legal Liability coverage.

Broken Windows

Your employee’s are moving office furniture when accidentally a desk breaks a large custom window in your rented loft space.  You notify the landlord and he proceeds to tell you that replacing the window will cost over 20k. In this scenario a Tenants Legal Liability would cover the cost

Frequently Asked Questions about Tenant Legal Liability Insurance

Is Tenant Liability Insurance the same as Commercial General Liability Insurance?

Commercial General Liability Insurance is a general policy that applies to all sorts of businesses as it provides coverage for bodily injuries or property damage to third parties for which the business can be held liable. Tenant Liability Insurance provides similar coverage, but it is specifically designed to cover a tenant’s legal liability towards the landlord in cases of injury or property damage.

Does my Tenant Insurance policy cover my company’s property and equipment (computers, furniture, etc)?

Coverage for your company’s assets and equipment is not provided under a Tenant Insurance policy. The policy is designed to cover a tenant’s legal liability towards the landlord in cases of property damage or bodily injury. For example, if your employees damage the walls of the rented space, or someone injures themselves while on the rental property. Your own assets and equipment do not fall under this criteria and hence will not be covered by your Tenant Insurance policy. To protect your property and equipment, add commercial property coverage to your insurance policy.

Am I legally required to obtain Tenant Liability Insurance?

Although you are not legally required to obtain Tenant Liability Insurance, it is very common practice for landlords to require their tenants to have insurance coverage before leasing to them. Rental properties are expensive assets and damages can be extremely costly to fix. In fact, at Zensurance, in the majority of cases where a client requests a quote for Tenant Liability Insurance, it is because they have been asked to get insured before signing a lease.

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