Markets

Sertis’ focus is on multifamily garden-style apartments with coverages including package, monoline general liability and monoline property with equipment breakdown.

As the equine industry continues to thrive through increased horse ownership and an expanding equestrian sports market, agents can offer the benefit of their knowledge of equine-related risks.

From inadequate coverage to unexpected costs and lawsuits, the risks of misclassification are real and can have a lasting impact.

“There is a growing focus on sustainability and green building practices in the construction industry, which can impact insurance requirements and the coverage needed,” says independent agent Jase Riggs.

Understanding the reasons behind the significant growth in the equine industry can present numerous opportunities for agents.

For hosts of Airbnb and Vrbo properties, there are options that an independent insurance agent can offer, as well as numerous tips agents should relay to their clients to avoid a claim.

The Neptune excess flood policy provides coverage above the maximum limit available through the National Flood Insurance Program (NFIP), allowing customers to keep their NFIP policy if they have yet to reach their market rate.

Although commercial property insurance typically covers fire damage, the unique risks posed by lithium-ion batteries can often necessitate additional policy endorsements.

Like all hotels, boutique hotels need multiple insurance coverages, but they may also need additional coverages such as property insurance for refurbished historic properties.

“It’s a challenge to instill the mindset that just because you’re trying to help doesn’t mean you aren’t vulnerable to a lawsuit,” says independent agent Ben Guttman. “Many people don’t think about that, but recent cases have made many directors more awar