What:
Hub International Limited (HUB) has launched HUB Shopping Center Insurance for multi-tenant shopping centers in the U.S.
Why:
Shopping center facilities encounter many risks, including property damage from natural disasters, vandalism, vacancies, business interruption due to equipment failures, and the growing shift from traditional retail to a larger share of non-retail, non-food tenants and even difficult-to-insure tenants. So, there is a growing need to go to multiple carriers to find suitable and adequate coverage, potentially driving insurance costs and gaps.
How:
- HUB provides a comprehensive solution that combines tailored insurance solutions with proactive risk management advice and claims expertise to effectively manage its real estate clients’ risks and needs.
- HUB Shopping Center Insurance is a proprietary insurance solution for owners and operators to secure property insurance, general liability, and workers’ compensation tailored to their needs.
- It offers owners and operators, especially retail shopping centers with sound risk management practices and multiple types of coverage through Swiss RE Corporate Solutions.