MANY CLASS A BUILDINGS HAVE RAISED TENANT INSURANCE REQUIREMENTS
- Renee Ervanian
- May 20
- 2 min read
INSURANCE REQUIREMENTS ARE INCREASING IN MANY CLASS A BUILDINGS
Commercial landlords are tightening insurance standards - mostly in Class A buildings. Recent studies show that landlords are requiring higher general liability limits, broader coverage, mandatory business interruption insurance, and additional umbrella policies.
THE HIDDEN PROBLEM IS MANY TENANTS MAY NOT CATCH THE INSURANCE CLAUSES UNTIL IT'S TOO LATE
Many tenants skim the insurance section, assuming their office insurance policy will transfer over. But a $10 Million required umbrella policy, buried in the last insurance paragraph, or mandatory professional liability insurance could destroy a tenant's monthly budget.
CALL TO ACTION
Insurance requirements can be negotiated down before it's too late. When a lease draft is received, the insurance requirement pages should be forwarded to a tenant's insurance broker for review to ensure premiums will not increase with the new lease.
About the Author
Renee Ervanian is the Managing Broker of Core Commercial, LLC, specializing in Metro Phoenix tenant and buyer representation, owner-user sales, acquisitions, and family legacy portfolios. With 20+ years of experience advising office, industrial, and flex users across the Valley, she is known for her deep submarket expertise, negotiation strategy, and tenant-side advocacy. Renee publishes a daily Phoenix tenant-representation micro-analysis to help businesses avoid costly lease mistakes and negotiate from a position of strength.
Credibility and Compliance
Core Commercial LLC is an independent Phoenix commercial real estate brokerage focused solely on representing tenants, buyers, owner-user buildings, and family legacy portfolios. Insights reflect Phoenix market conditions and lease structures. For direct tenant, buyer representation support, contact:
Renee Ervanian
Managing Broker, Core Commercial, LLC
Phoenix Metro Office & Industrial Representation
602 330 7482
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