commercial real estate

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July 1, 2024

2024 Midyear Market Outlook: Commercial Property Insurance

The commercial property insurance segment has been characterized by ongoing premium increases for much of the past decade. According to industry data, such rate jumps reached record-setting levels in 2023, surging by an average of 20.4% in the first quarter alone and only slightly falling to 18.3% in the latter half of the year. These...

June 25, 2024

Tips for Business to Prevent Carbon Monoxide Poisoning

Carbon monoxide (CO) is a colorless, tasteless and odorless poisonous gas that is a byproduct of the incomplete burning of carbon-containing material. It can quickly accumulate in areas where employees work, even if the space appears well-ventilated. Exposure to CO can cause serious health problems and even fatalities, so business owners must take steps to...

June 18, 2024

Commercial Property Insurance Market Proving More Stable, Capitalized: USI

Following last year’s historically challenging property insurance market, 2024 is proving to be “a more stable and capitalized market,” USI Insurance Services reported in its latest Commercial Property & Casualty Market Outlook Mid-Year Addendum. “Large rate increases from 2023 have mostly subsided for the broader market,” the New York-based insurance brokerage firm said in the report....

January 4, 2024

Tips for Property Managers to Avoid Rent Payment Fraud

Rent payment fraud can result in significant financial impacts on property rental businesses. With various payment types available, numerous fraud tactics exist, so property managers should ensure they are aware of these schemes while taking measures to mitigate the risk of such fraud occurring. This article provides information about common types of rent payment fraud...

December 29, 2023

Benefits and Risks of Rooftop Solar Panels for Commercial Properties

As solar rooftops become an increasingly common addition to commercial properties, businesses need to be aware of the pros and cons of this technology. While they can provide significant financial, environmental and reputational benefits, they can also present various risks, such as fire and structural hazards. They can also be susceptible to damage from several...

October 31, 2023

Protecting Your Building and Occupants From Vehicle Crashes

Vehicle crashes into buildings can result in severe property damage, which can lead to expensive repairs and business interruptions. In a worst-case scenario, such accidents can cause injuries or even fatalities. As a business owner, it is crucial to take proactive measures to protect your property from these incidents. This article aims to help you...

October 9, 2023

Electrical Preventative Maintenance (EPM) Programs Explained

It’s important for businesses to maintain their electrical systems to avoid unexpected downtime, costly repairs and potential safety hazards. That’s where Electrical Preventative Maintenance (EPM) programs come in. By proactively identifying and preventing electrical problems, businesses can minimize risks, increase efficiency and save money in the long run. This article will discuss the benefits of...

September 26, 2023

Trends In Commercial Real Estate: Amenities Drive Leasing Decisions

You might often hear people—especially investors—say, “Well, what’s trending?” or “What are the current trends showing?” Before making any kind of purchasing decision, it’s important to understand how the market is currently behaving and what the projections are for the future. As we are all aware, the commercial real estate industry got a bit rocked...

August 29, 2023

7 Factors Driving Commercial Property Insurance Costs

Several cost-driving trends have contributed to the hard commercial property insurance market. This environment has led to continuous rate increases and other challenging conditions. In these circumstances, it’s crucial for businesses to understand why premiums have been rising. This article discusses seven factors currently impacting commercial property insurance costs. Catastrophic losses—Hurricanes, tornadoes, wildfires, winter storms...

July 27, 2023

Water Damage Is a Leading Cause of Commercial Real Estate Claims. How Sensor Technologies Help Mitigate These Claims

Commercial real estate insureds know how painful water damage claims can be.   These losses can happen suddenly from a pipe burst after freezing temperatures or they can happen gradually over time from improper installation or deterioration from aging infrastructure.  Water damage is one of the most common causes of property loss and is it one of the...

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