Real Estate Risk Solutions
The complex real estate and development industry which exists in today’s climate calls for more than broad cost effective coverage, it calls for a well-rounded risk management approach.
Starkweather focuses on proper transfer of liability techniques within the nuanced real estate and development industry. Proper transfer occurs through implementation of a trifecta approach: contract certainty, best in class risk management practices and proper insurance procurement and negotiation.
At Starkweather, our team of insurance and risk management professionals understands how to access the commercial insurance markets and secure the appropriate coverage for all types of risk at the most cost-competitive price. This comes from a balance of expertise, sophistication and servicing.
The real estate industry is a 24/7 industry and our team of professionals understands the need for rapid response and sophisticated servicing. From working with lenders and partners, to assure insurance and risk management issues do not impede a deal, to our dedicated claims team in place to maximize the most from of your coverage should a loss arise -our experienced team is integrated into your organization to function as a part of your risk management platform.
The industry expertise runs through the entire team structured to service your account. From the account executive to the various brokerage teams, to the claims and client advocates, all have extensive real estate industry expertise and experience. These highly-trained individuals are experts in their selected disciplines and coverage lines and provide the support needed to allow you to focus on your business and portfolio. Providing the consultative, risk management approach to our real estate clients allows us to differentiate ourselves from the competition and enables our clients to reap the benefits.
Our expertise includes developing programs for various asset classes within the real estate industry:
Securing the placement of complex layered insurance programs for both property and casualty exposures
Implementing premium allocations
Creating and maintaining a proprietary claims management program
Providing on-going trend analysis and peer benchmarking
Implementing industry-specific safety and loss control engineering to reduce exposure and lower the overall total cost of risk (TCOR)
Conducting insurance policy audits as part of due diligence acquisition and divestiture processes
Review third party contracts (i.e. vendor, tenant, property management, subcontractors, loan agreements) to assure proper transfer of liability to third parties as well as assure necessary language exists to trigger maximum coverage within client’s as well as third parties’ policies
Monitoring third-party relationships through Certificate of Insurance tracking and reporting
Evaluate the applicability of alternative risk strategies
A Reputation Built on Trust
We’ve built a strong reputation for service, professionalism, and responsiveness.
Our manufacturing facility has worked with Mike Prentiss for a number of years. Before we started doing buiness, our instance package was not up to par and needed help. Mike jumped in and needed help Mike jumped in and fine-tuned our coverage. His sense of urgency and knowledge of the insurance industry, particularly in the manufacturing area, are second to none. We could not be happier with the service, value and comfort knowing that we are in good hands.
Aviation Parts Manufacturer
I have had the pleasure of working with Mike Prentiss since 2020. His knowledge and expertise are second to none. Mike and the team at Starkweather & Shepley always respond quickly and are always there to help with my many questions and requests. I highly recommend them!
Callie Lee
Been using them for my insurance needs for 4 years and always there when you need them.
Joshua Evon
