Helping you solve the

REAL ESTATE INSURANCE PUZZLE

PROMINENT PROPERTIES®:

How can you reduce your general liability insurance cost and recoup your premiums with interest?

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About Prominent Properties®:

Prominent Properties® is an exclusive new program for General Liability Insurance for Real Estate Owners and Managers. This new program was created by the insurance and risk management specialists of Capacity Excess. We have led the insurance marketplace with innovative new products and programs, geared towards the specific needs of the Real Estate Industry for over 25 years.

THE PROMINENT PROPERTIES® PROGRAM IS FOR:

Commercial Office Buildings

Warehouse Facilities

*Lessor's Risk Only

Luxury Condominiums

Ultra-Luxury Rental Apartments

The Prominent Properties® Real Estate Program provides a unique pricing structure that reduces ultimate premium costs and rewards risk management for clients who have a long-term record of superior loss results.

How Prominent Properties® Works:

Prominent Properties® uses a Self-Insured Retention (SIR) mechanism instead of the traditional first dollar approach in the US market. Compare Prominent Properties® to a typical $100,000 premium first dollar program* with no deductible:

For $100,000, you pay $70,000 in premium and $30,000 in a funded SIR.

Our innovative approach is simplistic and easy. Any unused amount of the funded SIR is returned back to the insured. If there are no claims, you recoup $30,000.

The funded SIR will be held by Capacity Excess in trust for you, the insured. You gain the investment income generated by the account.

*Please note: this is an example to demonstrate fee structure. Actual premiums will vary based on our analysis of your account.

Advantages of the Prominent Properties® Program:

Prominent Properties® is available to potential accounts that typically don’t have the ability to be covered by a deductible program.

1.

Without this approach the only way for you to gain these financial advantages would be to create your own captive insurance or an alternative risk program.

2.

Captives are a very costly alternative that are only feasible for very large accounts. Prominent Properties® gives you those advantages and more.

3.

Finally be rewarded with good loss experience.  Prominent Properties® returns the unused SIR funds to the insured at 12 months (50%) and at 24 month (remainder) after expiration.*

4.

Our appetite is very broad and diverse within the real estate segment.  Our minimum premium is $35,000 which allows most types and sizes of buildings to qualify.

5.

Innovation and flexibility give us the ability to offer general liability limits from $1m Occurrence/$2m Aggregate up to $2m Occ./$4m Aggregate.

6.

*Please note: Unused SIR funds are returned to the insured and subject to final review of open claims and claim expense

Specimen Forms

Prominent Properties has developed a unique, innovative policy structure that’s differentiated from anything available in the market today.  We have developed a way to partner with the insured in a manner that allows them to recoup up to 30% of their premium back.  We have partnered with industry thought leaders and executives spanning real estate owners, asset managers, and with banking and insurance specialist from some of the largest global firms.  For more information and specimen forms of Prominent Properties Program for general liability please contact us directly at gmaier@capcoverage.com 201-661-2314  or   cgerson@capcoverage.com 201-661-2400.

Frequently Asked Questions

Inquire About Prominent Properties®:

Let Prominent Properties® reward you for maintaining an excellent loss record and risk management discipline.

Find Out More:

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How Do I Get Started?

  1. Complete the application and supplemental application (for residential exposures only).
  2. Include the insured's financials and their five (5) year loss runs from their incumbent general liability insurance companies.
  3. Provide the expiring premium summary.
  4. Make sure all buildings are eligible:
    1. Commercial Office Buildings, Warehouse Buildings (Lessor Risk Only), Luxury Apartment Buildings and Condominiums.
    2. A five (5) year incurred loss ratio of 35% or lower.
    3. Minimum premium is $35,000.

 

All applications can be found below.

GENERAL LIABILITY INSURANCE PROGRAM

HABITATIONAL SUPPLEMENT

PROMINENT PROPERTIES® © 2016 CAPACITY EXCESS, LLC. ALL RIGHTS RESERVED.

WEBSITE DESIGN BY BGG PIXEL.

Top Image Credit: Thomas Leth-Olsen on Flickr