From unforeseen site shutdowns to catastrophic weather, commercial and residential real estate is a risk-prone industry. To mitigate this risk, your clients may seek coverage for niche exposures that aren't always available in the standard lines market.
As one of the nation's largest wholesale real estate insurance brokers, Amwins is committed to providing innovative risk solutions, regardless of property class or location. Collaboration is a core tenet of our business, and we live it through our strategic partnerships with leading insurance carriers. No matter the coverage requirements, our top priority is helping you secure the solutions that best serve the needs of your clients.
Our coverages span a vast array of business classes, including but not limited to:
Residential
Commercial
Through a careful formula of industry expertise, administrative capabilities, global coverage and proprietary products, Amwins and our real estate insurance brokers are committed to meeting your clients' expectations.
We tend to our carrier relationships thoughtfully, ensuring we're always able to secure the best solutions for you — and your clients.
Our in-house team of actuaries licenses cutting-edge software to deliver catastrophe risk data analysis and the most accurate pricing possible.
From designing a proactive claims management plan to engaging on difficult and complex claims, Amwins supports our clients when they need us the most.
annual premium placements
real estate market relationships
real estate insurance professionals
Stay up to date on emerging industry trends and topics.
After Superstorm Sandy hit the Mid-Atlantic states in 2012, thousands of businesses were forced to close and remained shut down for weeks or even months. While the claim payments that follow a catastrophic event like Sandy certainly help repair property
damage, business owners also continue to face monetary obligations and financial hardships further amplified by an interrupted business income stream.
Regardless of the size or scope of a business, a loss can have a devastating impact on a business owner beyond direct damage to the property or contents – a loss can leave an organization with bills and payroll but no revenue stream.
Business interruption (BI) coverage is a well-known coverage that allows businesses to recover revenue lost as a result of a direct physical loss or property damage. While general property insurance provides protection for physical loss or damage
to the property, business interruption insurance covers financial damages that result from an interrupted income flow.
Example: The devastation from the earthquake and resulting tsunami that swept across parts of Japan in March 2011 triggered a substantial number of BI and CBI claims from American manufacturers. Supply and distribution chains stalled or shut down entirely because the Japanese companies they relied on for parts, products or services were no longer operational, and were not operational for an extended period of time.
Example: After Hurricane Katrina, much of the Gulf Coast was left devastated as millions lost their homes – entire communities and many businesses were wiped out. People left the area completely and thousands of small businesses were unable to reopen after the loss due to the absence of clientele, which in turn also caused their previous suppliers a loss as well. Additionally, for many businesses that were rebuilt and re-opened, their loss of income stretched far beyond the standard period of indemnity due to a diminishing customer base or new competition. This type of loss can be mitigated with an extended period of indemnity clause, which allows the business a longer duration of time to regain their position in the market.