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Real Estate Insurance
Workplace Adjustments: Re-Opening Doors to Offices and Shops
Click here for a downloadable safety info sheet Office buildings, strip malls, indoor malls, light warehouses, and other commercial facilities have been closed for the past two months and more as a result of city COVID-19 stay-at-home and shelter-in-place orders. Non-essential employees for the most part have been working remotely up to now, with many…
Can’t make your rent or mortgage payment due to COVID-19? Here’s what you need to know
Since the beginning of the Coronavirus shutdowns, over 26 million workers have filed unemployment claims in the United States. As cases of COVID-19 spread and people across the country find themselves homebound due to shelter-in-place and stay-at-home orders, the retail and restaurant industries have been hit especially hard.
Covid-19 Crime Prevention: The Need to Step Up Security of Unoccupied Establishments, Limited Operations
In response to the COVID-19 pandemic, across the country local and state decrees have mandated non-essential businesses to close or limit operations, including restaurants and bars, in order to help prevent the spread of the virus. In addition to having been hard hit by the loss of income and employee layoffs, a spike in burglaries…
Preparedness Leads to Successful Crisis Management
Property owners face many different types of risks, including liability events that can result in media scrutiny and negative publicity, reputational damage, and additional loss of revenue. From a pool drowning at a condo to sexual assault in an office-building elevator, a deadly shooting at a mall, or allegations of tenant discrimination at a co-op…
Understanding the Importance of Crisis Response Coverage
From a balcony collapsing at an apartment complex to sexual assault in an office building, the fallout from catastrophic events can quickly draw media attention. Property owners and managers must take action immediately to minimize reputational damage and protect their financial welfare. If not handled properly, losses to the company can be devastating.
Package Policy for Multi-Family Units Wraps Coverage Features Together
Property owners of multi-family units, in order to properly protect themselves from the various exposures they face, require landlord insurance that goes the distance. This includes securing Property and General Liability insurance designed for this unique niche market.
Importance of Risk Management for Small Business Insurance
How much risk management for small business insurance costs depends on many different factors, including the type of operation and its location, its exposures, the industry served, claims history, etc. The coverage features and policy terms in an insurance program, along with its policy limits, of course, also affect the cost of coverage. Additionally, today’s…
Best Practices to Help Insureds Prevent Construction Site Theft
During a construction project, protecting the site along with the materials and equipment can become quite a challenge. Following is a list of several best practices property owners and/or contractors should implement to prevent theft and vandalism losses on job sites involving buildings under construction or undergoing a renovation.
Ordinance or Law Insurance for City Homes
In reviewing a multi-unit property owner’s insurance needs for a condo, apartment building, co-op, brownstone, or mixed-used structure, there are many exposures to address and ensure that coverage will respond. Having replacement cost coverage with Commercial Property insurance is one important feature of a sound program but making sure that the policy will also address…
How to Mitigate Water Damage in Multifamily Buildings
Water damage is among the leading property claims payouts for insurance companies. In fact, the annual cost to insurance companies from water damage and mold, according to the Water Damage Defense, is $2.5 billion. Water damage can stem from various sources including: internal leaks, valve failure, or a supply line failure in a water heater;…