Property owners who lease or rent building space at shopping centers face a number of diverse of risks. Of course, there is the risk of fire and water damage. But you are also responsible for maintaining the parking lot, preventing roof leaks, or taking care of other common areas so your tenants’ businesses can thrive. Understanding these risks and obtaining the appropriate Shopping Center insurance plan is critical to the success and continuation of your business. At Goodrich & Watson, we specialize in insuring shopping centers throughout Virginia and can provide you with what you need.
Shopping centers are common sites for slips and falls. And they’re expensive! The CDC indicates that the direct medical cost is $30 billion to treat all types of falls. This doesn’t take into account additional costs, such as lost productivity, or non-economic losses, such as the pain and suffering endured. Implementation of robust loss control measures is critical in helping to prevent slips and falls on your premises.
We offer a comprehensive program from top-rated insurance companies that addresses the unique exposures faced by owners of shopping centers. We’ll help you protect against such risks as damage from fire or storms with Property insurance, or claims resulting from injury to customers with General Liability and Medical Payments coverage. We can enhance your Property insurance with Equipment Breakdown, Glass coverage, and Outdoor Sign coverage. What’s more, our policy can help you stay in business by covering expenses when unexpected events interrupt your ability to generate revenue with Business Income insurance.
We can also provide you with Crime insurance, Environmental Liability, Cyber Liability, Umbrella Liability, Crime, Commercial Auto, Workers Compensation and Employment Practices insurance. We’ll review your specific needs and tailor a program that is best for you at an affordable price.
We look forward to speaking with you about your shopping center insurance needs. Please give us a call at 757-591-2032 to find out how we can help protect you today and into the future.