Specialty Programs 

Our parking garage program reallocates the total insured value of the garage structure away from the main building. A separate policy is then created that covers the parking structure, which maximizes savings on your primary property premium. Available coverages include property, flood, wind and hail, equipment breakdown, increased cost of construction, and optional pollution coverage. This program often is beneficial for municipal parking garages, hospitals, condo associations, apartment complexes, office towers, theaters, universities, hotels, and auto dealerships.

Property captives are an alternative to low deductible insured placements.  Captives are Insurance Companies set up to insure the risks of a Parent Company or a company typically within the same economic family.  They are most effective when insuring Actuarially Predictable losses and less so at more severe exposures that generate random hazard losses (Windstorm / Flood).  

When considering the use of captive, there are additional issues that are critical, including:

• Potential for loss
• Ownership
• Tax considerations
• Long term relationship
• Operating costs
• Domicile
• Timing

Risk Strategies captive specialists will help you determine if a captive is beneficial for your business, and if so, which type of captive (single parent, group, segregated sell, or risk retention group) makes the most sense.

The Risk Retention Act of 1986 allows a group of clients with similar exposures and characteristics (i.e. real estate) to secure high-limit liability coverage at a lower cost and more comprehensive terms. This is a very effective strategy for the management of risk.

Risk Strategies knowledge and expertise of Real Estate Risk Purchasing Groups bring added value and an additional dimension to the unique placement of our client's insurance program.  We have long-standing relationships and a keen understanding of all the current programs and provide updates to clients in what has become a very dynamic insurance solution. In addition, we have guided our clients through the process of setting up an exclusive group specific to their properties under management.