Fenrir connects building owners with independent elevator maintenance companies and provides a system to track deadlines and store inspection records—helping clients stay organized without Fenrir performing work or guaranteeing compliance.
Commercial Towers • Apartments • Hospitals • Condos • Senior Housing • Any Multi-Story Building
Basic Hydraulic Units: $350–$500/month
Standard Traction Elevators: $400–$800/month
High-Rise Towers: $700–$1,500+ per unit/month
Frequency: Recurring (monthly maintenance + annual inspections + 5-year testing)
Commercial property insurance typically covers elevator breakdowns under "mechanical breakdown" endorsements. Routine maintenance is not covered. If an elevator accident occurs, general liability insurance may cover bodily injury claims. The cost of mandatory tests and filings is usually paid out-of-pocket, but some policies may include coverage for inspection fees if required by law.
NYC DOB requires annual Category 1 tests and 5-year Category 5 tests. Compliance is the owner's responsibility. 2025 code updates drive modernization requirements.
We coordinate with vetted elevator contractors and track every compliance deadline. Automated reminders ensure you never miss a filing date. Digital storage of all inspection records means everything is ready for city inspectors on demand.