Cohen Property Law Group managing attorney Liam Krahe discussed with South Florida Business Journal's Brian Bandell the steps CRE property owners can take to reduce their insurance costs. He talked about how a captive insurance plan might be a good option for a property owner with at least 250 apartments or $500,000 in premiums, but only if the owner has a good claims history. Liam is actively working with clients to create licensed captive insurance companies and fund them using operating income from the property.
"The pricing of captive insurance is based on your loss history rather than industry benchmarks. That's why it could be lower," Liam said. "It's best for clients with good risk management of their properties."READ FULL ARTICLE+