Commercial Real Estate
PHLY E&S will selectively entertain commercial real estate exposures that require a unique approach toward the business. Accounts selected will encompass superior characteristics including fire/ life safety standards, loss control/ mitigation standards, and those willing to partner with PHLY in controlling both the frequency and severity of liability claims.
Vacant Property
Target Classes
New construction that is not yet occupied
New property acquisitions
Real estate development property not yet under construction
Foreclosed vacant properties
Properties available for lease, not yet occupied
Buildings awaiting renovation
Unacceptable Classes
Sites or buildings with known pollution exposures
Parks
Urban vacant lots
Lots used for local RV recreational activities
Lakes or ponds
Condemned buildings (Unless there is an acceptable plan for demolition to occur within a short period of time. Property coverage is not available on condemned buildings)
Risk Management Services
Real Estate
Target Classes
Lessors Risk (Premises maintained by insured or tenant)
Office Buildings
Land
Banks and Financial Institutions
Factories
Self-Storage Garages
New Ventures/ New Purchases
Parking lots/ garages
Combined Office/ Retail/ Mixed Use, with minimal Habitational Exposure
Warehouse/ Industrial
Unacceptable Exposures
Non-sprinklered over 5 stories
Existing mold & asbestos issues
Residential Apartment Buildings
Property
Commercial property coverage up to $20M per risk
Ability to write coastal risks including Wind & Hail Coverage (depending on state and distance to coast)
Equipment Breakdown Including Spoilage Coverage available as optional coverage
Property Enhancement Endorsement available including Money & Securities, Backup of Sewers and Drains, and other additional coverages
Environmental - Up to $15M in limits
Financial Security
AM Best rated A++
Standard & Poor's Assigned A+
Applications
- Risk Management Services
Keep costs down by choosing industry specific Safety Programs. We'll show you how to implement Client Training Services and Risk Management Reporting that get results.