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Why Multi-Tenant Light Industrial is Hot

Why Multi-Tenant Light Industrial is Hot

40 percent of all industrial space in the U.S. is multi-tenant space. More than 60 percent of new industrial leases in 2018 involved spaces smaller than 15,000 square feet. Here’s why: • Businesses can range from plumbers and electricians, to auto technicians, to...

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Strategic Investing: Office Condos

Strategic Investing: Office Condos

Each year businesses spend thousands of dollars on rent and thousands more designing office space. At the end of the lease, all there is to show for their expenses and effort is a new round of negotiations with the landlord. Flexibility Office Condominiums allow...

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Self Storage a Growth Industry for Insurance Pros

Self Storage a Growth Industry for Insurance Pros

Yes, it’s true; we love or stuff and we don’t have enough space at home, or the office, to keep it all. There are approximately 50,000 self-storage businesses operating in the United States, renting some 2.3 billion square feet of space, employing more than 128,000...

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Coverage for the Strip Mall & Shopping Center

Coverage for the Strip Mall & Shopping Center

Being the owner of a shopping center or strip mall can be an excellent investment; it’s also a responsibility. This week, we examine commercial property insurance to address those exposures. Next to commercial general liability insurance, property insurance is the most important coverage for strip mall and shopping center owners. This type of coverage protects the property, including the buildings on it, the signage, the landscaping, the sidewalks, the parking lots, and the garages.

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Strip Malls And Shopping Centers: Risks & Exposures

Strip Malls And Shopping Centers: Risks & Exposures

Property exposure for a strip mall or shopping center is typically moderate, particularly as a center often includes one or more fast food or restaurant occupants. Grease and oil from deep-fat fryers, wood burning ovens or rotisserie operations, in addition to regular...

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Sewer or drain back up

Sewer or drain back up

Has your client’s property had water damage claims over the years that have affected their premiums and overall deductibles? According to a leading insurer’s claims data, water or liquid damage is a leading cause of commercial property loss from a frequency/severity...

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Writing Business Income Coverage

Writing Business Income Coverage

Business Income coverage (sometimes referred to as “Business Interruption coverage,” meaning Net Income and Continuing Normal Operating Expenses, including payroll), is protection against loss of income or profits, in which a business has suffered a property loss or...

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Peace of mind = extended period of indemnity

Peace of mind = extended period of indemnity

Businesses suffering damages due to a disaster (i.e., fire, quake, water loss) often take an enormous hit to their customer clientele – and their bottom line. A typical business interruption policy form provides the insurer will pay the actual loss of business income...

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Getting it right: Market Value vs Replacement Cost

Getting it right: Market Value vs Replacement Cost

To get the right commercial property insurance, your client needs to make sure they understand the components of the coverage, and one of the most basic — and frequently misunderstood - concepts is around market value vs replacement cost. Valuation basics The market...

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