The commercial umbrella insurance market continues to create headaches for real estate owners. Over the past 12-18 months, umbrella liability insurance premiums for real estate (especially multifamily properties) continues to rise. An umbrella policy provides additional coverage on top of the primary liability policy. By purchasing an umbrella policy, an owner protects themselves from legal costs […]
Your home could be vacant for a variety of reasons; whether it’s a seasonal home, it’s under renovation under the assistance of a home remodeler in Chicago, you’re traveling, or it’s up for sale. Leaving your property unattended also leaves in vulnerable to damage from natural disaster, vandalism or theft. That’s why it’s important to […]
Placing the personal ownership of your assets in a Trust or Limited Liability Corporation (LLC) has become increasingly popular among high net worth individuals and families. In fact, studies show that the number of properties owned by trusts or LLC’s has increased about 35% since 1983. This wealth management and estate planning strategy has proven to […]
Before conducting business with any contractor, you should always have a written contract in place. The purpose of the contract is to specify the obligations of each party and how risk will be shared between them. Construction projects can be complicated. For your next project, consider the following critical contract elements: 4 Critical Contract Elements: […]
Portofino, Santorini, Marrakesh, Bali, Dubai – where are you traveling this summer? It is the season to unwind, explore and have fun but even on vacation things can go wrong. The best way to prevent any issues, and get some well-deserved R&R, is to plan ahead, especially for possible problems that come from car rental […]
Improving the biography of a building can help reduce the cost of multi-family insurance premiums. As you might expect, an insurance company looks to minimize their own exposure when taking on a new risk. So, when it comes to real estate, presenting the property in a more favorable light can often make it more appealing […]
Are you renovating your home without reviewing your insurance? Big mistake! While many of us often invest in increasing the value of our home by remodeling, we tend to forget that the cost to rebuild has increased too. That’s why it’s important to make sure you avoid these 3 mistakes when renovating your home: 1. NOT […]
Does your organization have an employee handbook? If the answer is no, it’s time to revisit the idea of introducing one to your company. While creating an employee handbook may seem like a tedious and time-consuming task, there are many ways your business will benefit. Here are a few reasons your company should create and […]
Owning and managing property is often complicated despite the attractiveness of the job. Besides the risk of damage to the physical properties, there are other exposures often overlooked or underestimated. Adaptability and staying educated can help you to identify and mitigate potential property management risks Continued before a claim occurs. Here are 5 of the […]
Residential and commercial real estate development are flourishing as many projects continue to commence in the Greater New York City Area. Other than General Liability, there are various exposures associated with real estate development. Here are 3 things a developer doing business in NY should consider when buying real estate developer insurance: 3 Thing You […]