Property

 

We want to be sure that your business not only survives a catastrophic loss event but continues to grow and thrive. We design quality insurance products to protect our client companies with the best insurance products in the marketplace. After an unfortunately, loss event we stand with our clients to be sure they get the full benefit of those quality terms and conditions. 

 

Physical assets - this would range from everything to a building on Main St. USA to molds and dyes you have at a manufacturing facility in Chongqing, China to a course of construction project you are building in the Sierras.  Whatever and wherever it is, our experienced and knowledgeable professionals will design the most comprehensive property insurance program available in the marketplace … and doing it at the most competitive pricing available.

 

The majority of insurance policies are not amended to include certain exposures which are not costly to amend but can be very costly at the time of loss.

 

Some things to consider:

 

• Building Insurance –
• Is your building properly insured for the costly and inevitable building code upgrades and ordinances required by your local municipality? 
• Are the foundations of your buildings covered?
• Do you have a coinsurance penalty which could be accessed at the time of loss?
• Capital Equipment –
• When was the last time you checked to be sure that you had these assets properly insured to their replacement value?  When was the last time your broker asked you?

 

The Non tangibles- How successful your company is in recovering from a catastrophic loss event is directly related to the plan put in place before the event happened in the first place.  Business continuity after such an event is dependant on:

 

• Business Income – As this is critical to your business survival, we will spend a lot of time together to be sure that your program is designed correctly. 
• Is the limit adequate to provide the needed revenue stream while your physical structures are being rebuilt?
• Does your business income policy cover the high additional expenses immediately after a loss event?  i.e. finding a new location, letting your customers know how and where to reach you, etc.
• Most business income policies have a limitation on the time you can recover and most are inadequate even in the best of circumstances. 

Does your broker guide you through this process or have you been accepting the status quo when your business is at stake?  We want to help you.

 

• Business Continuity/Estate Planning – Most of the time, the property and casualty broker brings you a property insurance policy and you deal with a life insurance person to sell you a life policy.   Again, we want to be sure that the business survives even the death of an owner or critical employee and we prefer a more comprehensive approach.  Our life and financial services department can work with you to be sure that your business survives and moves forward even after this event.