Retail & Mixed-Use Property Insurance in the Tri-State Area
Mixed-use buildings combine retail, office, and residential space into one property. That complexity creates unique risks for owners, investors, and property managers. Refine Risk designs insurance strategies that protect retail and mixed-use buildings across New York City, Westchester County, and Fairfield County.
Our coverage approach is precise, scalable, and aligned with the regulatory and contractual demands of the region.
Who We Work With
At Refine Risk, we insure a wide range of property owners and operators, including:
- Mixed-use building owners and landlords
- Real estate investors with multi-asset portfolios
- Developers of new mixed-use projects
- Property management companies
- Retail landlords with ground-floor commercial tenants
- Condominium and co-op boards with shared retail space
We understand the interplay between commercial and residential risks, and how to structure coverage that satisfies lenders, tenants, and regulators.
Must Have Insurance Coverages for Mixed-Use Properties
General Liability Insurance
Protects against third-party claims for bodily injury or property damage in common areas or retail spaces.
Commercial Property Insurance
Covers the building itself, landlord-owned improvements, and shared infrastructure against fire, theft, and vandalism.
Business Interruption Insurance
Replaces lost rental income if your property becomes unusable after a covered loss.
Workers’ Compensation Insurance
Required for employees on staff, such as maintenance, security, or management personnel.
Umbrella and Excess Liability
Provides additional coverage above primary policy limits. Important for properties with high foot traffic and multiple tenants.
Equipment Breakdown Insurance
Protects HVAC systems, elevators, and building infrastructure essential for habitability and operations.
Cyber Liability Insurance
Covers risks from tenant data exposure or smart-building technology vulnerabilities.
Common Risk in Mixed-Use Properties
- A customer slips and falls in a shared lobby area. Settlement costs exceed $75,000.
- A fire in a ground-floor restaurant spreads to residential units, causing $500,000 in property damage and six weeks of lost rent.
- An elevator breakdown prevents tenant access, leading to lease disputes and $25,000 in temporary relocation expenses.
- A tenant lawsuit alleges non-compliance with lease obligations, requiring $60,000 in legal defense.
Why Property Owners and Developers Choose Refine Risk
- Deep expertise in real estate and multi-use property insurance
- Coverage tailored to leases, contracts, and lender requirements
- Fast Certificates of Insurance (COIs) for tenants and contractors
- Strategic guidance to protect long-term portfolio value
We help owners manage risk with clarity and discretion, so they can focus on growth and tenant relationships.
Local Expertise in the Tri-State Area
We insure mixed-use properties throughout:
- New York City: Midtown, Tribeca, Upper East Side, SoHo
- Westchester County: White Plains, Yonkers, Scarsdale
- Fairfield County: Stamford, Greenwich, Norwalk, Westport
We’re based here. We insure here. And we design coverage that reflects local requirements.
Frequently Asked Questions
What insurance do mixed-use buildings require by law?
At minimum, landlords typically need commercial property, general liability, and workers’ compensation if staff are employed. Lenders and municipalities may require additional coverage.
Do residential and retail tenants need separate insurance?
Yes. Tenants should carry their own liability and property insurance, while the landlord maintains building and common area coverage.
Can landlords pass insurance requirements to tenants?
Yes. Most leases require tenants to carry specific liability limits and name the landlord as an additional insured. Refine Risk helps structure lease-compliant requirements.
Is business interruption insurance necessary for mixed-use properties?
Yes. Lost rental income from residential and retail tenants after a covered loss can be significant. Business interruption coverage protects cash flow.
How to Get Insurance for Mixed-Use Buildings
Discovery. Design. Implement. Support.
We begin with a detailed assessment of your property, tenants, and lease obligations. From there, we design a coverage strategy that meets your operational and compliance needs.
Let’s insure your property with intention.
Call (914) 704-4200 or schedule a consultation.
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