Our Commercial Insurance products are designed to write newer office and Industrial risks as well as Condominium Associations. We often get asked the question; “Is there any difference between commercial insurance programs? We always answer yes there is.
Here are a few examples of how the wrong commercial property insurance can hurt your business.
1.A property manager had rental income coverage but with a specific limit. A severe loss caused the entire property to be shut down for 18 months. The limit on the policy was exhausted after 6 months. If they would have had our program, they would have Rental Income Coverage for the Actual Loss Sustained.
2.A condominium association has a major loss that required six buildings to be demolished and the debris removed. Their policy had only $2,000,000 of debris removal. The actual cost to remove the debris was $3,400,000.
Our Commercial Real Estate Insurance is able to negotiate extremely competitive rates.