Verdict Risk Alliance
Appetite · Real Estate

Real Estate Appetite

Umbrella and excess liability for owners, developers, and property managers of commercial real estate, from single buildings to multi-state portfolios.

Office building with orange and red facade bands
Appetite

What We Write

Target Risks
Core appetite for all three divisions
  • Office buildings
  • Retail and community shopping centers
  • Malls
  • Light industrial
  • Self-storage
  • Mixed-use properties
Considered
Reviewed individually, often through Specialty Brokerage
  • Class C and value-add office
  • Medical office buildings
  • Warehouse and distribution
  • Properties with significant vacancy
  • Accounts with adverse loss history
Outside Our Appetite
Not written at this time
  • Heavy manufacturing
  • Vacant land and properties under development
  • Special-purpose properties such as stadiums and amusement facilities
  • Standalone parking garages
Curved retail and office facade
Glass office building
Glass office tower against a blue sky
Underwriting

Underwriting Guidelines

Limits
Up to $100 million. Programs are designed to attach at $1 million. Specialty Brokerage limits start at $5 million.
Structure
Lead umbrella and excess layers, supported or unsupported. Admitted and non-admitted paper available. Specialty Brokerage can write primary general liability with the umbrella or excess.
Minimum Underlying
General liability $1M / $2M; auto $1M; employers liability $1M
Underlying Carriers
Rated A- / VII or better by AM Best
Loss History
Five years of currently valued loss runs for all underlying lines
Schedule
Location schedule with square footage, occupancy, and tenant mix
Risk Transfer
Tenant and contractor insurance requirements, with additional insured and indemnity provisions
Premises
Parking, lighting, security, and snow and ice procedures where applicable
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