Commercial Property

Neptune increased building coverage limits to $15 million across primary and excess flood policies and added enhanced protections for residential, commercial and condo policies.

When insuring data centers, agents need to address the risks tied to both the physical facility and the technology systems, as exposures often extend across both cyber and technology errors & omissions coverage.

What can begin as a relatively small issue on a roof can rapidly escalate into a costly property loss and prolonged business interruption for property owners.

Commercial lines markets may be stabilizing, but agents who use this period to reset and prepare will be best positioned for what’s ahead.

Parametric insurance has been around for many years, but with increased data granularity and availability, these special policies are now widely available to fill coverage gaps under admitted policies.

Along with precise building valuations, Construction, Occupancy, Protection, and Exposure (COPE) forms the backbone of any commercial property risk assessment.

As demand for data centers and energy storage accelerates in the coming year, these contaminated industrial sites will find new life as technology hubs.

Whether it’s an office building, commercial enterprise or manufacturing site, property is at risk from winter storm damage. However, a winter weather plan can help mitigate the risk of property damage.