Tenant mix
Professional offices, medical tenants and higher-traffic users can change liability and property exposures.
Office Building Insurance
Office properties may look straightforward, but tenant mix, building systems, parking, common areas and lease structure can create meaningful differences in risk.
What to Review
The details that can change the insurance program.
Commercial real estate insurance is highly dependent on the building, occupancy, leases, valuation, protection and income exposure. A useful review goes beyond simply quoting the same limits.
Common areas
Lobbies, elevators, stairwells, restrooms and parking areas create premises-liability exposure.
Building systems
HVAC, elevators, electrical systems and water systems can produce expensive losses.
Lease structure
Insurance obligations should align with who owns and maintains different parts of the property.
Key Exposures
Questions worth answering before renewal.
Water damagePlumbing failures and roof leaks can damage multiple tenant suites.
Equipment breakdownMechanical and electrical breakdown can interrupt building operations.
VacancyExtended vacancy can change coverage terms and underwriting appetite.
Cyber/controlsConnected access, security and building-control systems can introduce technology-related concerns.
Related Topics
Go deeper on the exposures that matter.
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