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March 29, 2021

Seven Post-Pandemic Changes To Improve Your Commercial Building

Commercial property investors and property managers are bracing for the return of their tenants in 2021. Whether they’ll need to wait until the summer or fall is largely undetermined at this point. The major pushback to the office is dependent on how quickly the population can be vaccinated and reach herd immunity.  What is clear...

March 18, 2021

2021 Commercial Property Insurance Market Outlook

The commercial property market has steadily hardened in recent years, resulting in rate increases every quarter since Q3 2017. Unfortunately, these rate increases—as well as additional policy restrictions—are expected to continue in 2021. We predict that many insureds will experience double-digit rate increases, lowered available capacity and various policy restrictions or exclusions—especially regarding losses tied...

February 18, 2021

Maintaining Effective Sprinkler Heads

Sprinkler heads are largely responsible for detecting the presence of a fire at your commercial property and activating the sprinkler system’s water dispersal capabilities—thus suppressing the flames and mitigating damage. Data from the National Fire Protection Association (NFPA) suggests that effective sprinkler systems can reduce total deaths and property loss from fire incidents by over...

February 5, 2021

Fire Department Connections for Sprinkler Systems

In the event that a fire occurs at your commercial property, it’s vital to have emergency response measures in place—such as an effective sprinkler system—to suppress the flames as quickly as possible and minimize potential damages. In addition to a sprinkler system, a fire department connection (FDC) can also play a major role in your...

January 29, 2021

Hard Property Market To Continue in 2021, With Higher Rates, New Exclusions: RPS

The property insurance market will continue to harden through 2021, with rising exposures and reinsurance costs driving primary rates higher, according to a report from wholesale broker Risk Placement Services (RPS). RPS expects rate increases in the high-single digits to 15% range on clean accounts. Increases are expected to be higher on accounts with losses....

January 26, 2021

CDC Provides Guidance on Ventilation in Buildings

Recently, the Centers for Disease Control and Prevention (CDC) launched a webpage providing guidance on ventilation in buildings to reduce COVID-19 exposure indoors. The CDC provides recommendations on what heating, ventilation and air conditioning (HVAC) strategies employers should use to lower the risk of exposure to COVID-19 throughout the workplace. One of the recommendations is...

December 9, 2020

The Pandemic Has Demanded More Of Property Managers Than Ever Before

The economic distress caused by the coronavirus pandemic has largely spared the property management industry, but the safety issues the disease presents have placed a heavy burden on its workers. Property management companies haven’t experienced any major layoffs, but the average workload for employees in every part of the business has risen significantly, multiple sources told Bisnow. From...

October 22, 2020

What Property Managers Need to Know About Cyber Security

Over the last decade, the way commercial office buildings operate has become more sophisticated and streamlined with new advances in technology. From building connectivity to HVAC systems to keyless entry—tech and smart tech has made its way into nearly every facet of how a building operates. But as the technology has become more advanced and...

October 14, 2020

How to Reopen Professional Offices with COVID-19 Safety Measures in Mind

While a handful of states are reversing their reopening plans as COVID-19 cases jump again, in many regions businesses operating in professional offices have returned to work in some way, shape or form. For businesses that have employees coming back to their pre-COVID desks, there are many important safety measures that they should be implementing...

October 12, 2020

Tips for National Cybersecurity Awareness Month

As school, socializing, and many aspects of life have moved online this year, it’s more important than ever that you protect your digital devices and steer clear of cybercriminals. So during National Cyber Security Awareness Month (NCSAM), observed each October, the FBI and partner agencies remind you to do your part and #BeCyberSmart all year long. Now in...