Lexington Insurance Company has introduced Upgrade to Green Commercial, a new insurance product that allows commercial property policyholders to rebuild the insured building and replace personal property with products that embrace sustainability principles and reduce the overall impact of the building on the environment.

Upgrade to Green Commercial, available as an endorsement to Lexington Insurance Company’s commercial property insurance policies, is the latest addition to its suite of EcoSurance products developed to promote environmentally friendly practices and to respond to changing market needs.

Upgrade to Green Commercial coverage responds to covered partial and total losses for both Leadership in Energy and Environmental Design (LEED) certified and non LEED certified buildings. In the event of a total loss, LEED certified insureds will be allowed to upgrade their building to the next level of LEED certification upon reconstruction. Non-LEED certified insureds can use the coverage to rebuild to a LEED silver standard.

In the event of a partial loss, the coverage focuses on four areas of interest to commercial property owners: energy efficiency, water efficiency, indoor air quality, and sustainability.

In addition to covering rebuilding costs, Upgrade to Green Commercial covers expenses for recycling during reconstruction and at the time of loss. And for insureds with LEED certified buildings, the coverage will also pay registration and certification fees imposed by the US Green Building Council if the building needs to be recertified.