Page 8 - Real Estate_Capabilities (US) Book

In a rapidly changing world, we help you prepare for the unexpected.

WHICH LINES OF COVERAGE ARE
IMPACTED?

o #1 Catastrophe Insurance Increased
frequency and severity of claims in
catastrophe prone areas
o #2 Property Damage Increased rating and
deductibles due to frequency and severity
of losses

o #3 Liability Coverage Increased litigation
in current legal environment, leading to
higher severity and larger compensatory
casualty claims
BE PREPARED
o #4 Employers' Liability Increasing
Completing an insurance review and
gathering information takes time. Here is
the COVID-19 pandemic and focus on social what you can do to improve your situation
governance in this hard market:
Finally, within such an environment,
BE PROACTIVE!
underwriters carefully review submissions, Providing your updated information
questioning and analyze every detail of to your broker early in the renewal
information on the application. Together, we process will allow you to obtain
will work towards an insurance marketing your renewal terms sooner and
effort that highlights your strengths of your address options with your broker.
operation.
BE COMPLETE!
As the 5th largest broker in the world, HUB Underwriters have limited time to
has the knowledge, expertise and go back and forth with your broker
relationships with top carriers to deliver cost- requesting missing information -
efficient program design for your risk assist by ensuring your file is
complete.
management program.
2021 will be a challenging year for both the BE UP TO DATE!
Real Estate and Insurance industries Improve maintenance, implement
Risk Services recommendations,
prepared!
undergo an operational evaluation
underwriters favor and value clients
that take care of their business.

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