Property Owners & Managers

Commercial Insurance & Risk Management


Owners and Managers of Real Estate Risks rely on
Directors Global Insurance Brokers Ltd. to place critical
commercial insurances, and to help manage risks


The Management of property risks has changed in the last decade:

  • Condominium Act Reform
  • Escalating litigation precedents
  • Aging Municipal infrastructures & sewers
  • 100 Year Floods
  • Global warming and increased fire hazards
  • Terrorism

Some key risks facing property managers and property owners:
  • Underinsurance penalties for outdated property values
  • Common property exclusions:Mould, fungi, vermin, terrorism
  • Pollution- gradual; sudden & accidental; from hostile fires
  • Aging municipal infrastructures- causing sewer back up
  • Civil risks, like train derailments, prevention of ingress and egress, and civil authority access
  • Directors & Officers liability risks: discrimination and human rights violations; unpaid wages or taxes; breach of contract;
  • General liabilities such as slips, falls- alcohol intoxication and from use by guests, tenants and unit owners, of internal or external premises; bodily injury from smoke or fire or swimming pools or general premises risks
  • Guest liabilities (hotels)- damage to property
  • Reserve Funds: Depositors Forgery; Counterfeit Currency; Computer
  • Crime; Employee Embezzlement
  • Rental incomes losses, business interruption, external power outages, extra expense of carrying on business


Some key risk management solutions for property ownership and management risks:
  • Replacement Cost Appraisals- for buildings and equipment
  • Liability Loss Prevention- Slip & Fall procedures, incident tracking & reporting; recording snow, icing and maintenance
  • Contract & Certificates- auditing insurance carried by third party contractors , i.e. snow contractors, general contractors
  • Liability claims- optimum deductible level/cost benefit analysis
  • Claims frequency trending, forecasting and triangulation analysis
  • On-line 24/7 “risk knowledge centre”: electronic storage for historical policy documentation, claims histories, claims reporting procedures, claims forms, loss prevention bulletins