Commercial property insurance is first-party coverage for both physical assets such as buildings, machinery, and contents in addition to loss of income and expenses suffered when the loss or damage is caused by a covered peril, such as fire or explosion.
Probably the most important component of a well-designed property insurance program is the insurer’s timely response in a claim situation. This is due to the fact that most major losses are catastrophic in nature and could completely shut down the functionality of your organization. In relation to the healthcare industry, the demand and need for patient care is severely elevated following natural disasters and the neither the facility nor the surrounding community can afford to suspend operations. Chivaroli and Associates employs in-house property analysts and claims handlers that will quickly engage the insurer in a loss situation and work to resolve all issues as quickly as possible.
A myriad of programs are available in the marketplace and Chivaroli & Associates will continuously assess and analyze your facility’s current values and operations to ensure that you are adequately insured and that the proper loss control and risk management measures are being employed. Our experts will also accompany insurance carrier representatives during their site visits and inspections.