Albert Risk Management has enjoyed a strong working partnership with our real estate clients since our firm's founding over 40 years ago. Our recognition of the unique risk management needs of the real estate industry, and our ability to favorably respond to internal and external conditions that impact the real estate market, has fueled its growth into what is now Albert's largest client segment.
The insurance marketplace has consolidated considerably in recent years leaving less competition in its wake. Dramatically underpriced insurance rates, driven by the buyer's market that ended abruptly in 2000, ultimately exposed the unprofitability of the real estate class of business to insurers, as premiums and insurer investment income no longer supported the losses incurred within that industry group. These factors make it more essential than ever to identify and approach the best-suited insurance companies, risk purchasing groups, and insurance agents and brokers who will understand your exposures and provide responsible coverage at favorable pricing.
Our research and resources provide our clients with up to date information on emerging trends in insurance coverages and exclusions, regulatory compliance issues, risk financing alternatives as well as underwriting positions that impact the availability and pricing of coverage for the real estate industry. With our large representation of clients in the real estate industry we have the broadest collection of data available from any objective source from which to benchmark insurance costs and trends for our clients' benefit.
Several examples of services that are valued by our real estate clients are:
- Risk Management and Insurance Audits
- Insurable Risk and Exposure Analysis
- Insurance Specification Development
- Design, Management, and Direction of Bid Process
- Cost and Coverage Benchmarking
- Detailed Insurance Policy Contract Review
- Due Diligence for Mergers, Acquisitions and Divestitures
- Contract and Lease Analysis and Negotiation
- Claims Management and Analysis
- Underwriting Information Database Management
Whether you are approaching a tough insurance renewal, involved in merger and acquisition activities, refinancing a key property, or simply wondering if your insurance program is responsive to your risks, or competitively priced, we can help.
For more information regarding our real estate practice group please call 781-449-2866 and ask for Marty Berman or click
here to send an email.