Commercial Real Estate Insurance Coverage

Insured had a tenant that placed a lit cigarette in a trash can. The entire building burned which resulted in a fire damage claim of $620,000.

Insured had a pipe burst in wall causing water damage to building and contents $55,000 pay out on damage to building and contents. .

Insured’s building was hit by a driver that had $10,000 in car insurance and property carrier paid $30,000 above the $10,000 that was available from the auto carrier of at fault party.

Person walking up ramp at restaurant which was not well lit or marked, the claimant fell causing bodily injury. The carrier paid $50,000.

A women slipped on a raised portion of sidewalk at insured’s premises, fell down and broke one of her legs also incurring a spinal injury – This claim for bodily injury was $73,000.

A woman fell in parking lot when she tripped over a wheel stop. She broke her arm and caused damage to her rotator cuff resulting in a $86,000 claim.

Man tripped over a rug in an office, fell and broke his leg resulting in a $21,000 bodily injury pay out.

Insured is a Condo Association – Elderly woman tripped and fell due to poor maintenance of the sidewalk, fractured upper arm. Paid $56, 680 in GLBI.

Insured hired a lawn mowing service, the lawn care contractor run over a rock with their mower and the rock goes through the window of a neighboring business, the lawn care insurance coverage has lapse, guess who paid for the damages, the insured has paid the invoice to the contractor, the rock incident was caught on camera Insured Paid $7,961 under GLPD to replace the glass.

Now imagine this customer has accidentally dropped his iPad as he trips in your office, causing it to break. Included in the claim is the cost of a new iPad for your customer. General Liability policies can cover this as well.

Insured owned Hotel – The insured kept a dog in the hotel lobby. The dog bit a small child in the face. A $75,000 bodily injury claim resulted. .

Hotel caught fire from a heater causing damage to 7 rooms resulting in a property damage claim of $450,000.

Condominium housekeeper was walking up the stairs and slipped. She sustained a back injury. The worker’s compensation claim incurred was $103,000.

A worker cut finger on the job and was treated and released from the emergency room with a few stitches. The worker later got a staph infection and had to be hospitalized. The bodily injury on this minor accident ultimately resulted in a workers’ compensation claim of $61,000.

A property manager

is aware of an incident, such as a slip and fall. He does not report this incident to the buildings insurance carrier, as the person got up, brushed themselves off and walked away. A few months later, a lawsuit is received. The insurance carrier for the building declines for late notice. The owner of the building in turn sues the property manager.

For assistance securing habitational building insurance coverage feel free to get in touch with an Insurance Corner professional any time, call today or apply online with our short get to know you questionnaire and a specialist will contact you.

A nursing homes maintenance staff was performing a routine check of the emergency back up power system. The back up power generator was located on the roof of the hospital and the diesel fuel to run the generator was in a 5,000 gallon underground storage tank (UST). After testing was completed the generator was shut off but a faulty valve allowed for diesel fuel to continue to be pumped from the UST. 3,000 gallons of fuel pumped from the tank, flowed onto the roof and down drain spouts before it was discovered. Diesel fuel ran into a nearby stream and storm sewer. Cost to remediate exceeded $700,000.