Commercial

Protecting your property & business

As commercial real estate property managers and developers, you are constantly juggling the day-to-day operational needs of your business while trying to stay on top of industry trends, compliance regulations, and investing for the future. You face industry-specific challenges including:

Increasing costs of construction materials and labor rates
Building improvements and upgrades
Filling vacancies
Liability / Contractual Risk Transfer Risk transfer (including New York Labor Laws)
Environmental, Social, and Governance factors
Building Valuation / Replacement Cost Valuation

The combination of these factors, along with severe weather events that are now occurring multiple times a year, make protecting your investment with a comprehensive risk management program even more complex but critical.

A specialist approach to risk

To help ensure you have a comprehensive risk management plan with the right insurance coverages, you want to partner with a specialist who understands the industry’s nuances but also has access to state-specific property programs.

When you choose Risk Strategies, you are getting all the benefits and services of a large national brokerage in addition to:

Forensic underwriting across the industry
Detailed analytics, customized solutions and hands-on claims management, captive feasibility, and implementation valuation modeling
Manuscript forms tailored to your risk exposure
Access to risk management and safety consulting services
Access to exclusive, Florida-market-specific property programs
A superior client experience
Passionate real estate specialists with decades of experience and deep industry knowledge
Industry experts who can provide additional resources and support including cyber, captives, construction, environmental, management liability, and much more

We provide a unified approach to risk management designed to proactively reduce risk, improve program efficiency, and minimize costs. Regardless of the size of your commercial real estate portfolio, we can help manage your unique risks. This includes:

Offices
Biotech / Labs
Industrial Parks
Warehouses / Distribution Centers
Manufacturing / Research & Development (R&D)
Lessors Risk Only (LRO)

Key coverages

General Liability
Workers' Compensation
Automobile Liability
Directors & Officers
Higher CAT Limits – earthquake, windstorm, flood (including storm surge)
Replacement Cost
Error & Omissions
Builders Risk (exposure included)
Integrated Pollution Coverage (legionella and mold exposures covered)
Environmental Liability
Umbrella / Excess Liability
Alternative Solutions, including captives

Our relationships with key industry organizations such as the NAIOP and Building Owners and Managers Association International (BOMA) ensure we stay on top of the ever-changing challenges the commercial real estate industry faces.

We understand risk and how to manage it. As your risk management partner, we serve as an extension of your team. Let us help you protect the future of your business and commercial property.

FAQs

: Commercial Property insurance covers buildings and other structures that you own, including furniture, building equipment, and other ancillary property owned at the specific location.
: The replacement cost will certainly vary based on many building characteristics but the primary factors to determine replacement cost are construction type, geographical location, and the year of construction. It is best to engage a third-party replacement cost appraisal professional in your local area to determine the true replacement cost value at the time of policy inception. A targeted conversation with your agent or risk advisor is always paramount before finalizing a value.
: No, not all policies provide coverage for replacement costs. Some policies have different valuations such as Actual Cash Value and may include coinsurance penalties. You should discuss these coverage terms with an agent or risk advisor.