Multiple tenants
Restaurants, retailers and service businesses can create very different hazards within the same center.
Retail & Shopping Center Insurance
Retail properties combine public foot traffic, multiple tenants, parking areas, signage and lease-driven risk transfer.
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.
Parking & sidewalks
Slip-and-fall, snow removal, lighting and traffic flow are recurring liability concerns.
Signs & glass
Pylon signs, awnings, exterior glass and tenant signage may require attention.
Common-area maintenance
Contracts with snow, landscaping and maintenance vendors should support the owner’s risk-transfer strategy.
Key Exposures
Questions worth answering before renewal.
Tenant-caused lossFire or water damage originating in one suite can affect the entire property.
Vacancy & turnoverChanging occupancy can affect both underwriting and rental-income assumptions.
Ordinance or lawRebuilding older centers can trigger expensive code requirements.
Catastrophe limitsRoof area and geographic concentration can make hail, wind or earthquake a major issue.
Related Topics
Go deeper on the exposures that matter.
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