Real Estate
July 26, 2021
What Does Builder’s Risk Insurance Cover?
Builder’s risk insurance provides property coverage for buildings and structures that are under construction. If you’re a builder or a commercial property owner, you could face considerable monetary loss if something goes wrong with the construction of a building if you don’t have builder’s risk insurance. This coverage is also known as “course of construction...
June 29, 2021
What To Consider In The Post-Pandemic Commercial Real Estate Environment
As vaccinations ramp up and Covid-19 transmissions decline, the journey toward normalcy seems just about over. Because of that, I believe commercial real estate generally and office space specifically remain sound investments. However, the pandemic has forever changed the way corporations and workers use these assets and, as a result, how investors should think about...
June 25, 2021
7 Key Trends Affecting 2021’s Hard Insurance Market
Around the one-year mark since the start of the pandemic, markets began to experience the lasting effects of the challenges presented to them in 2020. While I’m hopeful that there is light at the end of the COVID-19 tunnel, we’ll likely see hardening market conditions persist throughout 2021. Below, I explore in-depth some of the...
June 17, 2021
How to Evacuate a High-Rise Building
When asked, most people would say that they should “stop, drop, and roll” if their clothes caught fire. There are a few other basic rules most people know to follow, such as crawling on the ground because smoke rises. But many residents of apartment buildings are fuzzy on the details when it comes to emergency...
May 24, 2021
Amenities Are Reopening, With Technology At Their Core
Last year, once-bustling amenities in multifamily properties fell silent as residents stayed socially distanced in their units. Meanwhile, property managers sought alternative ways to engage residents and empower them to take advantage of the amenities they pay for while still feeling safe. They found that technology provided the bridge they were looking for. “In the past year, we’ve seen a rise...
May 11, 2021
Workplace Technology Trends
Improving Virtual Meetings There are more than 11 million video business meetings each day in the United States. Aside from the pandemic, factors fueling that growth include access, price and need. Most laptops and mobile devices have built-in webcams and microphones so employees can dial in to a meeting from anywhere and at any time....
April 30, 2021
Commercial Building Spring Maintenance
Wintertime weather, like snow and ice, can be especially damaging to properties. Now that warmer weather is finally here, it’s time to inspect your buildings and do the needed maintenance you may have put off during the winter. The following advice can help reinvigorate your property, preparing it for the warmer months ahead. Test and...
April 29, 2021
May 1, 2021, Is Wildfire Community Preparedness Day
Wildfire Community Preparedness Day is Saturday, May 1, 2021. This national event is managed by the National Fire Protection Association (NFPA) and encourages people and organizations to come together to promote wildfire awareness and participate in projects to reduce wildfire risks. In-person gatherings continue to be limited in many areas of the country due to...
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...