Benchmark Insurance Group of Texas added 193 new photos — at Pour Behavior.
December 20, 2019 · Houston, TX ·
Our annual appreciation Holiday Party for clients, employees and vendors at Pour Behavior.
With the pandemic here and storms coming, one may assume the real estate market isn't fairing well. However, this couldn't be farther from the truth. In fact, some of the latest real estate trends are happening BECAUSE of our current situation. More people are leaving the densely populated city for more rural and suburb areas. What does this all mean? Now's a GREAT time to reevaluate your real estate insurance with Benchmark. We can set you up on a package policy, add properties into the policy at any time of the year, and we can cover those properties while vacant, under construction or leased, all on the same policy!
SERVPRO of Town & Country
September 4 at 11:09 AM ·
30 Days: The number of days it takes for most flood insurance policies to go into effect. Don’t wait until it’s too late! For more information visit: FloodSmart.gov #PrepareNow #BeReady
Flooding has always been a drag and somewhat of an annoyance. Almost 90% of all natural disasters include flooding, and in some cases (without the PROPER insurance), make re-opening business almost impossible. This is why having the correct and MOST UPDATED insurance policy matters most, especially in today's time, where managing your expenses and saving costs is absolutely vital to your business's survival.
Now, more than ever, insurance companies are scrambling to figure out how to streamline their services and grow using technology. 70% of CEOs surveyed say they will prioritize or invest in (technological) customer experience in the upcoming months leading to 2021. We at Benchmark pride ourselves on our technological advancements, especially as it concerns our real estate sector. Our online portal gives investors better control over their insurance.
1. Shop rates with trusted Broker/Agent. Work with a broker who has access to multiple carriers and programs AND understands your unique needs as an investor.
2. Consider Higher Deductible. The more you self-insure, the lower your insurance rate. Increasing your property deductible from $1K to $5K could save you as much as 25%.
3. Make Property More Resistant to Loss. By properly managing your investment properties you may be able to avoid preventable losses and demonstrate to your insurer that you are serious about risk management.
4. Require Renters' Insurance. This is a plus for your tenant, but also helps you save money in the long run. Tenants can do negligent things.
5. Don't Cut on Liability Costs. Lower limits save little money and can leave you and your business dangerously exposed in the event of a serious liability suit.
As we move on through 2020, the effects of the pandemic are still murky for the construction industry. As projects take longer to complete do to new regulations, so does the risks become greater.
As a general contractor, you'll need need a broker who has long-standing relationships with their underwriters who can provide you with the best coverage at the best value. Don't wait, we are only a call away.
Retrenchment is hitting all classes of business. In general, rates are rising 10% to 25%, although steeper increases can be expected on more difficult classes of business including: habitational, heavy manufacturing, recycling, and food-related products.
Submission volume has picked up significantly, and this, along with heightened underwriting scrutiny is leading to longer turn-around times for proposals. Underwriters are revisiting prices, carrier-mandated changes, and subjecting risks to greater scrutiny. NOW more than ever, you need a broker with the capability to work directly with their underwriters and develop a policy that still covers all of your risks, in an efficient time, and at a price that works best for you. Reach out to us, we are only one call away.
Hurricanes typically get the rap for much of the losses and headlines when it comes to natural disasters, however, convective storms and wildfires have played a growing role in the recent years. On top of that, the 2020 Atlantic Hurricane Season has been proving to be a very busy season (unfortunately).
As we exit out of hurricane season and into winter season, brokers and insurers need to be vigilant in how they will handle risk evaluation and underwriting decisions when it comes to natural disasters like wildfires and floods. We, at Benchmark, are actively researching data to help provide our clients with the most up-to-date information regarding insurance, please give your agent a call and re-evaluate your policy, to make sure that it is the most current and effective policy heading into the future.
2020 has brought on more catastrophic events than any other year. We’ve gone through the pandemic, and of course, Spring brought in the “normal” catastrophes, including some deadly thunderstorms and tornadoes. This was followed by an early start to a hurricane season that continuously set records through the summer, and wildfires for which the full scope of the damage will not be known for some time.
The overall market has become more complex, making it essential to work with brokers who have deep market knowledge and strong relationships who can develop innovative strategies to build successful programs for their clients. Providing detailed account data and helping our clients navigate the constantly changing conditions is essential. We are more than happy and willing to help you along your business endeavors. Contact your Benchmark Insurance Agent for more information.
We wanted to take the time to highlight one of our vendors, CRC Group Wholesale and Speciality. As a leader in the wholesale data market, we thank you for providing us top notch service and welcome you into the benchmark family!
As risks in the construction industry continue to expand, the need to have a long-lasting, resilient plan in place has become even more crucial. Resiliency being the keyword today— plan a process that covers for employee safety, technology adoption, longer project deadlines, etc.
If you're custom home building, renovating, or just adding a fence for a client, you need to be insured. With new adjustments sweeping across the world, the need to be protected from old risks and new should be a key focus. As a broker who can adapt and be just as resilient, we are more than happy to help you build your process.
Exposures, delays, added costs and shutdowns... New safety protocols have added a new set of risks and challenges as we continue to work through projects and work through the pandemic.
As you adjust, so do we. Insurers are facing new challenges and ways to mitigate new risks and exposures. As a broker with skin in the game and long underwriter relationships, we are able to provide coverage that will keep you protected as you roll through the year.
From our Family to yours, We want to wish you a Merry Christmas 🎄
