Ironshore Real Estate · Real Estate Capabilities Property Real estate has been a cornerstone of...
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Ironshore Real Estate Capabilities Property Real estate has been a cornerstone of the U.S. economy over the past 20 years. Investment, development and subsequent growth has expanded across all sectors from industrial to commercial and residential. As a result, the industry has become more competitive and the risk and complexities have increased. Many developers maintain different real estate holdings in their portfolio. That’s why Ironshore offers a multi-line solution for various real estate needs including residential, industrial, commercial real estate clients, owners, managers, developers, brokers, real estate investment trusts (REITS), hotels hospitality and casinos. Every project is unique, so our team of seasoned production specialists and claims representatives collaborate to provide the most efficient customized solutions. Our experience in the category will help you develop a comprehensive plan to protect your clients’ business for the long term. Coverage against all risks of direct physical loss or damage to property on a first party basis. This form of property coverage offers a flexible approach for protection against real estate property risks (coverage available for earthquake, windstorm, and flood). • Limits: $25M • Minimum Premium: $50,000 with exceptions when we have the ability to write other lines of business Environmental Site Pollution Incident Legal Liability Select (SPILLS) Comprehensive environmental insurance policy that assists real estate companies in managing their environmental exposures. Covered exposures include: hazardous spills, storage tanks, mold, legionella, meth lab chemicals, complete NBCR terrorism cover, disinfection for bacteria and virus (including MRSA and Ebola), bodily injury from lead. • Limits: Up to $25M • Low minimum premium: $10,000 • Up to 100% defense outside the limits • Broad coverage for properties (no need to schedule properties) • Automatic acquisition coverage for newly acquired locations the ability to write other lines of business
Transcript of Ironshore Real Estate · Real Estate Capabilities Property Real estate has been a cornerstone of...
Ironshore Real EstateCapabilities
Property
Real estate has been a cornerstone of the U.S. economy over the past 20 years. Investment, development and subsequent growth has expanded across all sectors from industrial to commercial and residential. As a result, the industry has become more competitive and the risk and complexities have increased.
Many developers maintain different real estate holdings in their portfolio. That’s why Ironshore offers a multi-line solution for various real estate needs including residential, industrial, commercial real estate clients, owners, managers, developers, brokers, real estate investment trusts (REITS), hotels hospitality and casinos.
Every project is unique, so our team of seasoned production specialists and claims representatives collaborate to provide the most efficient customized solutions. Our experience in the category will help you develop a comprehensive plan to protect your clients’ business for the long term.
Coverage against all risks of direct physical loss or damage to property on a first party basis. This form of property coverage offers a flexible approach for protection against real estate property risks (coverage available for earthquake, windstorm, and flood).
• Limits: $25M
• Minimum Premium: $50,000 with exceptions when we have the ability to write other lines of business
Environmental Site Pollution Incident Legal Liability Select (SPILLS)
Comprehensive environmental insurance policy that assists real estate companies in managing their environmental exposures. Covered exposures include: hazardous spills, storage tanks, mold, legionella, meth lab chemicals, complete NBCR terrorism cover, disinfection for bacteria and virus (including MRSA and Ebola), bodily injury from lead.
• Limits: Up to $25M
• Low minimum premium: $10,000
• Up to 100% defense outside the limits
• Broad coverage for properties (no need to schedule properties)
• Automatic acquisition coverage for newly acquired locations the ability to write other lines of business
Ironshore, a Liberty Mutual Company, provides broker-sourced specialty property and casualty insurance coverages for varying risks. The Liberty Mutual group of companies is rated A (Excellent) by A.M. Best and A (Strong) by Standard & Poor’s. For more information, please visit: www.ironshore.com
The information contained herein is for general informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any product or service. Any description set forth herein does not include all policy terms, conditions and exclusions. Bound insurance policies, rather than summaries thereof, govern. Not all insurance coverages or products are available in all states or regions and policy terms may vary based on individual state or region requirements. Some policies may be placed with a surplus lines insurer. Surplus lines insurers generally do not participate in state guaranty funds and coverage may only be obtained through duly licensed surplus lines brokers.
05/20
Industry Practice Leader Daniel Ehrhardt Boston, MA Direct: +1 (617) 502-5382Email: [email protected]
Contacts
When considering a long-term insurance partner for your business, please call:
1-877-IRON411
www.ironshore.com [email protected]
Professional Liability General Casualty — Umbrella & Excess Liability
Directors & Officers (D&O) This provides coverage for defense costs and damages resulting from wrongful act allegations and lawsuits brought against a company’s board of directors and/or officers.
• Up to $30M
Miscellaneous Professional Liability This provides coverage for defense costs and damages resulting from wrongful act allegations and lawsuits brought against a company’s board of directors and/or officers.
• Up to $15M
General Liability
• Limited discrimination
• Real estate enhancement
• Legionella
• Per-location aggregates
• Limited pollution
Umbrella & Excess Liability
• Up to $25M capacity
• $250K crisis management
• Tracks underlying per-location aggregates
• Real estate enhancement
