General liability insurance is one of the most complex types of coverages for a property owner. One of the issues is that every state has their own tort laws that dictates liability and how lawsuits are settled. Some states have very liberal laws in favor of the claimant that result in larger settlements. General liability carriers are sensitive to states with liberal settlements and often react by charging higher premiums and/or excluding key coverages as a way to control cost. Understanding the exposures and how different carriers provide coverage is an expertise of Apartment Insurance Solutions.

Another factor is the class of property that is being insured. For example, a low income housing project in a declining neighborhood is going to be much more expensive to insure than a brand new office building in an affluent neighborhood. Statistics prove that depending on how the property is managed and types of tenants can directly influence the frequency and severity of losses. Therefore, having a broker who understands the nuances of insuring different commercial property is a must.

Apartment Insurance Solutions has developed our own loss control programs which we tailor around our client's management philosophies. Our practical loss control programs are easy to administer and help our clients become more defensible while reducing their loss exposure. Reducing losses lowers insurance premiums and allows our clients to attribute more dollars to their NOI.