Real estate risk is predictable, but losses are not Commercial property insurance should be based on replacement cost assessments rather than market value to ensure adequate rebuilding funds. Property managers must maintain clear records of maintenance, inspections, and repairs to defend against negligence claims. Tenant improvements and betterments coverage can protect alterations funded by tenants but legally considered part of the building. General liability insurance should include coverage for slips and falls, water damage from burst pipes, and other tenant‑related incidents.
Overview Property owners and managers deal with a steady mix of tenant activity, maintenance issues, and weather driven events. Insurance fills the gap between an incident and your ability to keep the asset performing. Commercial property insurance should be based on replacement cost assessments rather than market value to ensure adequate rebuilding funds. Property managers must maintain clear records of maintenance, inspections, and repairs to defend against negligence claims. Tenant improvements and betterments coverage can protect alterations funded by tenants but legally considered part of the building. General liability insurance should include coverage for slips and falls, water damage from burst pipes, and other tenant‑related incidents.
The coverage structure that protects income Commercial property insurance should be based on replacement cost assessments rather than market value to ensure adequate rebuilding funds. Property managers must maintain clear records of maintenance, inspections, and repairs to defend against negligence claims. Tenant improvements and betterments coverage can protect alterations funded by tenants but legally considered part of the building. General liability insurance should include coverage for slips and falls, water damage from burst pipes, and other tenant‑related incidents.
Property Risks • Property coverage for building, fixtures, and contents with updated replacement values • Liability coverage for slip and fall, premises injury, and property damage allegations • Loss of rental income when a covered loss makes units uninhabitable • Equipment breakdown for boilers, HVAC, and critical building systems • Tenant related extensions where leases and exposures require it
Controls that reduce claims Commercial property insurance should be based on replacement cost assessments rather than market value to ensure adequate rebuilding funds. Property managers must maintain clear records of maintenance, inspections, and repairs to defend against negligence claims. Tenant improvements and betterments coverage can protect alterations funded by tenants but legally considered part of the building. General liability insurance should include coverage for slips and falls, water damage from burst pipes, and other tenant‑related incidents.
Coverage Fundamentals • Routine inspections with documented repairs and follow up • Snow and ice logs and timely removal procedures • Good lighting, clear signage, and maintained walkways • Contractor vetting and certificate tracking for all trades • Commercial property insurance should be based on replacement cost assessments rather than market value to ensure adequate rebuilding funds.
Talk to Boardwalk Commercial property insurance should be based on replacement cost assessments rather than market value to ensure adequate rebuilding funds. Property managers must maintain clear records of maintenance, inspections, and repairs to defend against negligence claims. Tenant improvements and betterments coverage can protect alterations funded by tenants but legally considered part of the building. General liability insurance should include coverage for slips and falls, water damage from burst pipes, and other tenant‑related incidents.
Tenant & Contractor Considerations If you manage multiple buildings or have not updated values and limits recently, we can run a quick risk review and show you where the common gaps appear. Commercial property insurance should be based on replacement cost assessments rather than market value to ensure adequate rebuilding funds. Property managers must maintain clear records of maintenance, inspections, and repairs to defend against negligence claims. Tenant improvements and betterments coverage can protect alterations funded by tenants but legally considered part of the building. General liability insurance should include coverage for slips and falls, water damage from burst pipes, and other tenant‑related incidents.
