This post is part of a series sponsored by TSIB. According to IBM’s 2023 Cost of a Data Breach Report, it’s estimated that data breaches cost businesses an average of $4.5M in 2023. Statista, shared that over 317M ransomware attempts …

This post is part of a series sponsored by TSIB. Understanding how insurance cost savings work on a Controlled Insurance Program (CIP), also known as a Wrap-Up, and who retains the risk/reward is important. There are several varieties of CIPs …

This post is part of a series sponsored by TSIB. The saying, “life is what happens to you while you’re busy making other plans,” is as true as a statement that you can make. Unfortunately, the simple truth is, bad …

This post is part of a series sponsored by TSIB. You worked hard to manage an acceptable outcome for your insurance renewal, answered countless underwriting queries, finally give your broker the order to bind, and you find yourself with one …

This post is part of a series sponsored by TSIB. Construction projects present unique risks and complexities that are a distinct departure from your overall insurance needs as a real estate developer. Whether the project is office, commercial, industrial, mixed-use, …

This post is part of a series sponsored by TSIB. When working on a construction project, the company you are working for may ask to be an Additional Named Insured or an Additional Insured. It’s easy to believe that they …

This post is part of a series sponsored by TSIB (updated 5/22/24). Often, the terms named insured and additional insured get lumped together to be interchangeable. However, that is not the case. Keep reading to learn about each one! 1. …

This post is part of a series sponsored by TSIB. A key factor when considering a CIP or Wrap-Up is having the broker conduct a feasibility study for the Wrap-Up Sponsor. A feasibility study is a tool that is used …

This post is part of a series sponsored by TSIB. Real Estate development is a business process that focuses on the overall development and renovation of a property, whether that is an existing property or a brand-new one. When it …