insurance for real estate firms
Premier insurance solutions and risk minimization services
insurance for real estate firms
Premier insurance solutions and risk minimization services
REAL ESTATE RISK EXPERTISE
It is imperative that real estate firms protect their business and their properties from floods, fires, natural disasters, crime and more. We have helped protect countless commercial and residential real estate businesses for decades. We analyze your unique circumstances and design a customized risk management and insurance plan for your needs.
FAQ
Do Real Estate owners need insurance?
Yes, Real Estate owners have a lot to protect. They need insurance to protect their property, equipment, employees, as well as third party liabilities.
What are some notable risks facing Real Estate owners?
- Property Damage: Occupancy will determine the risk of property damage. Tenants such as restaurants who may use equipment such as deep fat fryers will increase risk of fire. As a building owner, you must be aware of the electrical demands of the tenant. A higher percentage of vacancies may cause concern of vandalism
- Premises Liability: The number of visitors contribute to the high risk of premises liability. Tenants are typically responsible for the condition of the area that they occupy. The number of exits should be sufficient and well marked. Parking areas, side walks, and common areas need to be well maintained and free of exposure to slip and falls. Security is the responsibility of the property owner.
- Employee Injury: Maintenance and janitorial operations can result in back injuries, hernias, sprains, and strains from lifting and working from awkward positions. Employees should be trained in dealing with difficult situations. Security guards should be appropriately supervised.
Which insurance coverages are needed for Real Estate owners?
Insurance coverages needed for Real Estate owners include (but not limited to) Workers Compensation, General Liability, Property, Business Income and Extra Expense, Employee Dishonesty, Inland Marine, Umbrella, Employment Practices Liability, Cyber Liability, and Auto including Hired and Nonowned Auto.
How much does insurance cost for Real Estate owners?
REAL ESTATE
RISK EXPERTISE
Hot surfaces. Sharp knives. Foodborne illnesses. Patrons coming and going on a daily basis. Restaurant owners face a multitude of risks that are specific to your industry. We have helped protect countless restaurants for decades. We analyze your unique circumstances and design a customized risk management and insurance plan for your needs.
FAQ
Do Real Estate owners need insurance?
Yes, Real Estate owners have a lot to protect. They need insurance to protect their property, equipment, employees, as well as third party liabilities.
What are some notable risks facing Real Estate owners?
- Property Damage: Occupancy will determine the risk of property damage. Tenants such as restaurants who may use equipment such as deep fat fryers will increase risk of fire. As a building owner, you must be aware of the electrical demands of the tenant. A higher percentage of vacancies may cause concern of vandalism
- Premises Liability: The number of visitors contribute to the high risk of premises liability. Tenants are typically responsible for the condition of the area that they occupy. The number of exits should be sufficient and well marked. Parking areas, side walks, and common areas need to be well maintained and free of exposure to slip and falls. Security is the responsibility of the property owner.
- Employee Injury: Maintenance and janitorial operations can result in back injuries, hernias, sprains, and strains from lifting and working from awkward positions. Employees should be trained in dealing with difficult situations. Security guards should be appropriately supervised.
Which insurance coverages are needed for Real Estate owners?
Insurance coverages needed for Real Estate owners include (but not limited to) Workers Compensation, General Liability, Property, Business Income and Extra Expense, Employee Dishonesty, Inland Marine, Umbrella, Employment Practices Liability, Cyber Liability, and Auto including Hired and Nonowned Auto.
How much does insurance cost for Real Estate owners?
Insurance premiums for Real Estate owners will vary based upon several factors. Each policy is rated on different exposures which may include payroll, revenue, product type, property value, location, driving record, claims history, among others.
How do I purchase Real Estate insurance?
Biscayne Risk & Insurance Group can help guide you through the insurance buying process. Contact us at 561.571.1001, quotes@biscaynerisk.com, or via the contact form below.
COMMON COVERAGES
Business Onwers Insurance (BOP)
A Business Owners Policy (BOP) combines business property and liability insurance into one convenient policy.
Directors & Officers Liability Insurance
Covers directors and officers for claims made against them while serving on a board of directors and/or as an officer.
General Liability Insurance
Coverage that protects your business in the event a non-employee is injured or property you do not own is damaged.
Special Event Insurance
Special event insurance protects your assets and finances should something go wrong at the big event.
Commercial Property Insurance
Commercial property insurance protects your assets in the event they are stolen, damaged or destroyed in a fire or natural disaster.
Flood Insurance
At least 25 percent of businesses that close after destructive events such as floods never reopen.
Liquor Liability Insurance
Protection for your business in the event that a customer causes damage or injury after being served alcohol by your business.
Workers' Compensation
Coverage for employees who are injured on the job or contract work-related illnesses. Workers’ Compensation is usually mandated by state law.
OUR EXPERTISE
- Commercial Real Estate
- Residential Real Estate
- Industrial Real Estate
- Agricultural Real Estate
- Mixed-Use Real Estate
- Special Purpose Real Estate
HOW CAN WE SERVE YOU?
CALL | 561-571-1001
EMAIL | hello@biscaynerisk.com
HOW CAN WE SERVE YOU?
CALL | 561-571-1001
EMAIL | hello@biscaynerisk.com