As a real estate operation grows and evolves, it adds employees, customer databases, investors, and properties under management. Compared to other professional services, real estate operations must be especially mindful of the evolution of their liability loss exposures, which can change as the result of a single transaction.
Numerous carriers have entered and left the market since the crisis of the early 2000s, and the survivors are starting to show more selectivity in pricing and coverage. Many carriers have restricted coverage options in difficult jurisdictions, and some have opted out of specific venues altogether until they are more comfortable with regulatory and legal …
Whether you are a beginner or an old hand at writing marine liability coverages, these specialty lines can be difficult to understand. Important challenges are associated with placing almost any type of marine liability insurance and even the most experienced broker can miss significant loss exposures.
Retail insurance agents and their clients throughout Colorado and in multiple western states face a problematic coverage scenario – a lack of market availability for construction risks. Help is available with the assistance of a seasoned wholesaler that possesses not only the market access, but expertise with crafting coverage details vital to construction insurance.