One bourbon, one scotch, one beer

George Thorogood recorded "One Bourbon, One Scotch, One Beer"  after the singer had lost his job. Unable to pay his rent, he tried to get accommodations with a friend, but fails. Lying to his landlady that he has obtained a new job, he gets access to his room and removes all his belongings. He then goes down to a tavern and orders the three alcoholic drinks to help him forget his sorrows.

Man, today feels like a bourbon, scotch, and beer day.  Sometimes a nice single malt helps turn that frown upside down...

On to the next subject....LRO's.  LRO (Lessors Risk Only) insurance is for land lords.  Lessor's Risk Only (LRO) provides liability and property coverage for building owners who lease out their entire building or occupy less than 75% of the building and lease out the remainder.

Let's take the case of George Thorogood.  Let's say he was mad at the landlord and torched the place.  It would have been covered if there was a LRO in force.   OR, let's say that George slips and falls down the stairs and sues his landlord for not having adequate lighting or railing.  The LRO would fight the suit for the landlord. 

Like I say in most of my posts, it's very important to protect yourself with insurance.  Especially if your business deals with people.  We just insured a 30 tenant strip center that had suffered from some major losses, for under 12k for the year.  The value of the property was over 1 million. 

If you or someone you know lease to tenants, give us a call today.  You'll be glad you did.  Stay protected my friends.