Where Real Estate and Insurance Meet
The real estate industry is heavily reliant on the insurance industry due to the high premium associated with owning and managing a portfolio of properties.
The profits of real estate companies have been negatively impacted by highly volatile insurance rates and a lack of insurance carriers interested in the multi-family real estate marketplace. The real estate industry has the potential for high frequency, high cost claims and exposures to loss that require innovative, proactive solutions.
Failure to adequately manage these risks and implement the proper risk management program with the utmost efficiency can significantly impact the business’ overall profitability and reputation.
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