Our years of combined insurance experience has let us develop a knowledge base of what coverage is most needed and the sources to procure the best available coverage. We believe that most property owners will need some if not all of the following lines of coverage at some point in their ownership of Real Estate.
- Workers Compensation
- Builder's Risk
- General Liability
- Auto Liability (owned or non-owned)
- Umbrella / Excess Coverage
- Business Interruption (loss of rent)
- Ordinance or Law
- Commercial Property
- Professional Liability
- Pollution Liability
- D&O Liability
- Mechanical Breakdown
- Extended Business Interruption
- Ordinance or Law Time Element
- Sign and other outdoor property
A brief recap of industry coverage's include:
Ordinance or Law modifies coverage to comply with applicable building codes. This is typically an exclusion in most property policy forms. Care must be taken to add back this coverage for adequate limits to provide upgrades to your buildings mandated by changes in local or state building codes.
Business Income and Extra Expense keeps the money coming in. Consideration must be given when insuring rather large buildings that adequate limits are selected to cover the total rebuilding time.
Umbrellas provide additional limits of liability coverage over and above your primary liability policy. Risk purchasing groups make $200,000,000 limits available and affordable for many property owners.