I have a client that owns a few commercial office buildings (less than 3 stories) that he rents out to tenants. They are like executive suites.
Do you have a good preferred market and carrier for this type of risk?
It is currently insured, but we are going to see if he can find a better rate and coverage.
Thank you in advance.
Good market for commercial real estate building
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Tip: If you are posting a market request, include the state abbreviation in your post title to get better responses.
Tip: If you are posting a market request, include the state abbreviation in your post title to get better responses.
Re: Good market for commercial real estate building
Within which state is your client's property located?
We have found that Zurich, Travelers, Liberty Mutual and Philadelphia, to name a few, do a good job for lessor's risk only GL and property exposures. It will depend on whether or not the risk is located in a restricted region (within 1 mile of the Atlantic Ocean, for example). This office class risk should be fairly easy to place. Typically, unless there is some exposure not being discussed here, this should be a "most desirable" class of business for all of your commercial carriers.
We have found that Zurich, Travelers, Liberty Mutual and Philadelphia, to name a few, do a good job for lessor's risk only GL and property exposures. It will depend on whether or not the risk is located in a restricted region (within 1 mile of the Atlantic Ocean, for example). This office class risk should be fairly easy to place. Typically, unless there is some exposure not being discussed here, this should be a "most desirable" class of business for all of your commercial carriers.
Re: Good market for commercial real estate building
Thanks for your help. It's in CA and should be a good risk.
Can you recommend any good GA's or other company's that have access to Travelers Commercial?
I've worked with Superior Access, but would be open to others... thank you
Can you recommend any good GA's or other company's that have access to Travelers Commercial?
I've worked with Superior Access, but would be open to others... thank you
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Re: Good market for commercial real estate building
Steve,
I would look into accessing Sequoia or CIG.
I think they're probable as aggressive as anyone in Ca. right now for the LR type risk.
Not sure who to go to as a GA but you can call the carriers and find out.
Good luck!
Shagster
I would look into accessing Sequoia or CIG.
I think they're probable as aggressive as anyone in Ca. right now for the LR type risk.
Not sure who to go to as a GA but you can call the carriers and find out.
Good luck!
Shagster