Broaden Your Knowledge
We’re proud to support partner agents with educational and marketing materials that cover essential topics, from recruiting agents to understanding client risks.
Learn about our marketing resources and how to best use them.
Could Your Commercial Client Survive a Lawsuit?
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Insurance: An Industry With Endless Opportunities
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Millennial Mindset: How to Attract Millennials to an Aging Industry
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The 411 on Flood Insurance
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5 Strategies for Agents to Overcome Challenges of the Hard Insurance Market
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Landlord Risks
The rental property business is full of risk: anticipated risks like big weather events, accidental damage, and water leaks, as well as hard-to-anticipate risks like discrimination, cybersecurity threats, and personal injury. Let us help you identify emerging risks for your rental property and protect you against financial loss. At , we partner with Millers Mutual, a carrier dedicated to understanding the intricacies of landlord insurance and providing the comprehensive, stable coverage landlords deserve.
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Cybersecurity Risks for Landlords
As a landlord, you collect sensitive information from tenants: Social Security numbers, email addresses, phone numbers, birthdates, address histories, employment histories, income figures, and account numbers. This information would be a gold mine for identity thieves and hackers. Protect your rental property business by adding Data Response and Cyber Liability Insurance to your businessowners policy today. We’d be happy to assist you with just that.
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Student Housing Leases
Renting to college students can be a challenge for several reasons, but that doesn’t mean it can’t also be rewarding. By designing your student housing leases with best practices in mind, you can reduce the risk associated with renting to this population. At <your agency name here>, we partner with Millers Mutual, a carrier dedicated to understanding the intricacies of landlord insurance, providing comprehensive, stable coverage that landlords deserve, especially when it comes to student housing.
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Insurance, Inflation & You
Property values are rising with inflation. If your policy limits aren’t, your coverage may be insufficient. Insuring to value protects your rental property business. At <your agency name here>, we’ve partnered with Millers Mutual to offer rental dwelling business coverage that keeps up.
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Broaden Your Knowledge
We’re proud to support partner agents with educational and marketing materials that cover essential topics, from recruiting agents to understanding client risks.
Learn about our marketing resources and how to best use them.
Could Your Commercial Client Survive a Lawsuit?
Download the PDF
Insurance: An Industry With Endless Opportunities
Download the PDF
Millennial Mindset: How to Attract Millennials to an Aging Industry
Download the PDF
The 411 on Flood Insurance
Download the PDF
5 Strategies for Agents to Overcome Challenges of the Hard Insurance Market
Download the PDF
Landlord Risks
The rental property business is full of risk: anticipated risks like big weather events, accidental damage, and water leaks, as well as hard-to-anticipate risks like discrimination, cybersecurity threats, and personal injury. Let us help you identify emerging risks for your rental property and protect you against financial loss. At , we partner with Millers Mutual, a carrier dedicated to understanding the intricacies of landlord insurance and providing the comprehensive, stable coverage landlords deserve.
View Video
Cybersecurity Risks for Landlords
As a landlord, you collect sensitive information from tenants: Social Security numbers, email addresses, phone numbers, birthdates, address histories, employment histories, income figures, and account numbers. This information would be a gold mine for identity thieves and hackers. Protect your rental property business by adding Data Response and Cyber Liability Insurance to your businessowners policy today. We’d be happy to assist you with just that.
View Video
Student Housing Leases
Renting to college students can be a challenge for several reasons, but that doesn’t mean it can’t also be rewarding. By designing your student housing leases with best practices in mind, you can reduce the risk associated with renting to this population. At <your agency name here>, we partner with Millers Mutual, a carrier dedicated to understanding the intricacies of landlord insurance, providing comprehensive, stable coverage that landlords deserve, especially when it comes to student housing.
View Video
Insurance, Inflation & You
Property values are rising with inflation. If your policy limits aren’t, your coverage may be insufficient. Insuring to value protects your rental property business. At <your agency name here>, we’ve partnered with Millers Mutual to offer rental dwelling business coverage that keeps up.
View Video
Apartment Buildings Insurance
Download ImageDon’t spend your hard-earned money on costly repairs. Doing preventive maintenance on your property can prevent more expensive fixes down the line.
Read the blog post “8 Solid Ways to Maximize Your Rental Income” to learn more ways to get the most out of your rental property.
Read the blog post “8 Solid Ways to Maximize Your Rental Income” to learn more ways to get the most out of your rental property.
Download ImageYour tenants don’t want to write you a check every month. Make it easy for them to pay rent on time through the use of online services or consumer apps.
For more suggestions like this, read the blog post “8 Solid Ways to Maximize Your Rental Income.”
For more suggestions like this, read the blog post “8 Solid Ways to Maximize Your Rental Income.”
Download ImageA simple way to maximize your rental income is to stop paying for your tenants’ utilities. There was a time when including utilities was common, but that is no longer the case. Make tenants responsible for their own gas, water, electricity, sewage, and other utility bills.
Want to make the most out of your rental property? Read the blog post “8 Solid Ways to Maximize Your Rental Income” for more tips.
Want to make the most out of your rental property? Read the blog post “8 Solid Ways to Maximize Your Rental Income” for more tips.
Download ImageDid you know there are many tax breaks you may be eligible for as the owner of a rental property? Taking advantage of deductions is one way rental property owners can boost their rental income.
Get more tips like this in our blog post, “8 Solid Ways to Maximize Your Rental Income.”
Get more tips like this in our blog post, “8 Solid Ways to Maximize Your Rental Income.”
Download ImageMurphy’s Law tells us that anything that can go wrong, will go wrong. It’s no different when you’re renting out your property. A home warranty for landlords covers home systems and appliances when they eventually break down, giving you and your tenants peace of mind, and removing headaches associated with having to take care of things yourself.
For more helpful suggestions like this, read the blog post “8 Solid Ways to Maximize Your Rental Income.”
For more helpful suggestions like this, read the blog post “8 Solid Ways to Maximize Your Rental Income.”
Download ImageWhen disaster strikes, the last thing on your mind might be filing a claim with your insurance company. However, moving that to the top of your to-do list can be very beneficial.
Learn why timely reporting of claims is so important in this blog post, “Benefits of Timely Claims Reporting.”
Learn why timely reporting of claims is so important in this blog post, “Benefits of Timely Claims Reporting.”
Download ImageDid you know that failure to report claims in a timely manner can affect your coverage? Most policies contain time limits and specific procedures to follow for repair work. If you don’t follow them, you may be denied coverage.
Learn more about the importance of timely claim filing in this blog post, “Benefits of Timely Claims Reporting.”
Learn more about the importance of timely claim filing in this blog post, “Benefits of Timely Claims Reporting.”
Download ImageWhen an accident or property damage occurs, you may hesitate to file an insurance claim. But filing a timely claim can give you peace of mind knowing your experienced insurance agent can help you navigate the situation and become a trusted advocate during a difficult time.
Learn more about the importance of timely claim filing in this blog post, “Benefits of Timely Claims Reporting.”
Learn more about the importance of timely claim filing in this blog post, “Benefits of Timely Claims Reporting.”
Download ImageFiling an insurance claim as soon as possible after an incident at your rental property that causes damage or injury should be near the top of any emergency plan. Timely filing can set in motion actions that will help you recover more quickly.
Read the blog post “Benefits of Timely Claims Reporting” for more tips and information to help you contain the damage from an insured incident.
Read the blog post “Benefits of Timely Claims Reporting” for more tips and information to help you contain the damage from an insured incident.
Download ImageIf you’re like most people, you probably just tuck your insurance policies in a drawer when they arrive in the mail. People often don’t read their policies until they need to make a claim, and by then, it’s too late. Understanding the key components of your insurance policy can help you be sure you have the protection you need.
Read the blog post “The Anatomy of an Insurance Policy” to understand key insurance terms and how to read your policy.
Read the blog post “The Anatomy of an Insurance Policy” to understand key insurance terms and how to read your policy.
Download ImageLiability is your legal obligation or responsibility for injuries or damages to another person. For example, if you fail to repair a leaky roof, you can be held liable for damage to a tenants’ property. Or, if a tenant trips on a broken sidewalk, you can be responsible for medical bills.
Read the blog post “The Anatomy of an Insurance Policy” to understand key insurance terms and how to read your policy.
Read the blog post “The Anatomy of an Insurance Policy” to understand key insurance terms and how to read your policy.
Download ImageA deductible is the portion of covered services you pay out of pocket before the insurance company pays the remainder of the claim. For example, let’s say your building sustains damage in a storm. If your policy has a deductible of $2,000, and the insurance adjuster values your loss at $2,500, the insurer will pay you $500.
Read the blog post “The Anatomy of an Insurance Policy” to understand key insurance terms and how to read your policy.
Read the blog post “The Anatomy of an Insurance Policy” to understand key insurance terms and how to read your policy.
Download ImageInsurance can be confusing. Your policy may contain endorsements, conditions, and exclusions, but what does it all mean? At Millers Mutual, we understand how important it is for you to understand the insurance policies your rental business needs. Together with your trusted insurance agent, we can answer all your insurance questions and help you find the right coverage.
Read the blog post “The Anatomy of an Insurance Policy” to understand key insurance terms and how to read your policy.
Read the blog post “The Anatomy of an Insurance Policy” to understand key insurance terms and how to read your policy.
Download ImageDo you know the difference between insuring property at actual cash value and replacement cost? If not, you might not have the coverage you need in the event of a loss.
Learn more about this and other insurance concerns for multifamily housing and rental dwelling properties.
Learn more about this and other insurance concerns for multifamily housing and rental dwelling properties.
Download ImageIf new laws come into play after your original property was built, it may cost you more to repair your property to bring it up to code.
Are you insured properly for that?
Are you insured properly for that?
Download ImageHard insurance markets present many challenges for insurance agents. And because the last significant hard market was in 2001, these are uncharted waters for many.
Learn strategies to help you talk to clients, work with underwriters, and navigate through these challenging times.
Learn strategies to help you talk to clients, work with underwriters, and navigate through these challenging times.
Download ImagePressure to produce. Long hours. Difficult conversations. Hard insurance markets present many challenges for insurance agents.
Millers Mutual’s got you covered with a list of best practices for selling in today’s hard insurance market.
Millers Mutual’s got you covered with a list of best practices for selling in today’s hard insurance market.
Download ImageHard insurance markets present many challenges for insurance agents, but agents with a deep understanding of the market and close carrier relationships are best suited to help navigate insureds through the process.
Download ImageEach fall, before the weather gets too cold, turn off outside faucets and in-ground irrigation systems to prevent freezing and bursting when the temperature dips.
Download ImagePeriodically verify that all fire extinguishers are inspected and in proper order. Make sure they’re accessible and review their proper use.
Download ImageBefore a hurricane hits, be sure all drains are clear of debris that can cause a water backup.
Download ImageEvery time a property owner/manager hires an outside contractor for services such as landscaping, snow and ice removal or pool maintenance, there is the potential for third-party litigation resulting from the contractor’s work.
Be sure your contractors have proper insurance coverage by obtaining a certificate of insurance.
Be sure your contractors have proper insurance coverage by obtaining a certificate of insurance.
Download ImageGFCIs are electronic devices designed to shut off power when they detect a common type of electrical shock hazard called a ground-fault.
Download ImageA simple visual check of the pipes and fitting at the top of your water heater could reveal signs of corrosion. If you can see corrosion at the connection between the steel and copper fittings, this could be an indication that galvanic corrosion is occurring.
Download ImageProperty owners and residents alike can take steps to prepare for hurricanes and windstorms.
Download ImageEvery year, property is damaged due to grilling negligence. Always paying attention to a lit grill is the first step in preventing these accidents.
Download ImageAs a property owner, it’s your responsibility to make sure the building is safe. Take the time each spring to look for roof or window damage that can cause leaks.
Download ImageConsidering roof-mounted solar panels? Be aware they may impact how firefighters deal with a fire in your building. A detailed pre-emergency plan covering a fire situation in those buildings should be developed and reviewed, as appropriate, with the local fire brigade.
Download ImageProperty owners/managers can be held liable for wrongful acts committed by a contractor even though the owner/manager may have no direct fault for the act. Having a Certificate of Insurance for every contractor can help reduce your liability.
Download ImageAs snow melts along the roof of a home or building, it may refreeze along the eaves of the roof to form a ridge of ice, known as an ice dam. These can cause serious damage. Prevention is key.
Download ImageAs summer approaches, test your air conditioning system. The first hot day is the worst day to find out it’s not working!
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Building Lifecycle (Builders Risk)
Download ImageWhether you plan to replace appliances, upgrade a bathroom, or knock down a wall in your rental unit, you must balance the costs with the potential returns. With a range of design and cost options for any renovation, the key is to make choices that will not only improve your property, but will also increase its value.
Read the blog post “Five Things to Consider When Renovating a Rental Property” before diving in to your next project.
Read the blog post “Five Things to Consider When Renovating a Rental Property” before diving in to your next project.
Download ImageWhen you are planning a renovation project, timing is important. Try to plan renovations on your property in between tenants (but prepare in advance for the vacancy and consequent loss of income). And be sure your project schedule won’t leave you with a vacancy during the winter months when re-renting is difficult!
Getting ready to renovate a rental property due to an insurable event? A businessowners policy, or BOP, may help replace the income lost when you are forced to repair or renovate your property after a fire or other insured event. Understand what coverage is available before you need it so you’re prepared before disaster strikes.
Read the blog post “Five Things to Consider When Renovating a Rental Property” fore more tips before starting your next renovation project.
Read the blog post “Five Things to Consider When Renovating a Rental Property” fore more tips before starting your next renovation project.
Download ImageAre you getting ready to renovate? You waited for one tenant to move out before planning a renovation project on that unit, but what about your other tenants? It may not be practical to wait for all four units in the building to be vacant before calling in the contractors for some much-needed updates. In most cases, updating one unit at a time is easiest and most economical. Notify tenants before the work starts about any disruptions they may face.
Read the blog post “Five Things to Consider When Renovating a Rental Property” fore more tips before starting your next renovation project.
Read the blog post “Five Things to Consider When Renovating a Rental Property” fore more tips before starting your next renovation project.
Download ImageAny time you bring outside contractors onto your property, you are assuming additional liabilities. Confirm that the contractors you hire are insured and verify their coverage before the project begins. You may also want to check with your insurance agent to confirm whether the coverage on your policy is adequate to the situation. What happens if the contractor is injured? Who is responsible for protecting your tenants from injury? Are your liabilities covered in the event a visitor to the property or a stranger walking by is injured due to your renovation project?
Read the blog post “Five Things to Consider When Renovating a Rental Property” fore more tips before starting your next renovation project.
Read the blog post “Five Things to Consider When Renovating a Rental Property” fore more tips before starting your next renovation project.
Download ImageWhen a large multifamily housing or commercial property construction project begins, there’s a lot to think about. Typically, throughout each stage of your new building’s life, customers need a different type of insurance. Needless to say, things can get complicated. So, we’ve developed a product to make things a bit simpler. Building Lifecycle (Builders Risk) allows them to obtain ONE policy for the entire lifecycle of their building.
Download ImageThroughout each stage of a new building’s life, different types of insurance coverage are needed. With a combined policy, juggling those needs doesn’t have to be so complicated.
Download ImageFrom ground-breaking until construction wraps, your building needs coverage. The Building Lifecycle (Builders Risk) product combines multiple policies into one, making complicated coverage simpler.
Download ImageOur Building Lifecycle (Builders Risk) policy combines multiple policies into one including Business Income with Extra Expense, Equipment Breakdown and General Liability.
Businessowners Policy (BOP)
Download ImageYou know you need coverage for your property in case of a fire or severe storm damage. But what other risks do you face? Understanding your potential liabilities and what your policy covers is essential.
Read the blog post “Rental Property Business Insurance Basics” to learn more about some common risks rental property owners face.
Read the blog post “Rental Property Business Insurance Basics” to learn more about some common risks rental property owners face.
Download ImageA businessowners policy (BOP) is a great first step in getting coverage for your rental property. It combines three areas of coverage into one simpler, more economical package, including property, business interruption, and liability. But is it enough?
Read the blog post “Rental Property Business Insurance Basics” to learn more about some common risks rental property owners face.
Read the blog post “Rental Property Business Insurance Basics” to learn more about some common risks rental property owners face.
Download ImageWhat does a BOP cover? First and foremost, it covers the most valuable part of your business: the property you own. It can also cover business-related items stored on or near your property. And because BOPs also include business interruption and liability coverage, it’s an essential policy for most rental property owners.
Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.
Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.
Download ImageIf one of your rental units was damaged and uninhabitable for several months, your business–and your income–would be interrupted. A businessowners policy (BOP) can offer protection in the event a unit is damaged by a covered incident and provide coverage for a portion of your income while repairs are made.
Read the blog post “Rental Property Business Insurance Basics” to learn more about how a BOP can help you protect your rental property business.
Read the blog post “Rental Property Business Insurance Basics” to learn more about how a BOP can help you protect your rental property business.
Download ImageWhat happens if a tenant, a neighbor, or visitor is injured on your rental property? How about if your tenant’s personal items were damaged due to a water leak? How would you pay for medical care and legal fees of injured parties? A businessowners policy includes liability coverage, which can offer you protection if you are held responsible for injury to others or damage to someone’s property.
Read the blog post “Rental Property Business Insurance Basics” to learn more about how a BOP can help protect your rental property business.
Read the blog post “Rental Property Business Insurance Basics” to learn more about how a BOP can help protect your rental property business.
Download ImageA businessowners policy is a valuable piece of protection for any rental property business because it includes property, business interruption, and liability protection. But your business likely faces other risks that fall outside of BOP coverage. To help mitigate them, you’ll want to consider other coverages.
Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.
Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.
Download ImageThe market value is how much you could sell your property for, while the insured value is how much it would cost to rebuild your property. Often, the market value is higher than the insurance value of a property, although with inflation climbing that trend could turn around. With record inflation, the cost of everything, including the materials you need to repair your home after a covered loss, is skyrocketing.
Talk to your agent to find out if your home is properly insured in the event you have to rebuild during these turbulent times, and read the blog post “Why Adjust Building Value for Inflation?” to learn more.
Talk to your agent to find out if your home is properly insured in the event you have to rebuild during these turbulent times, and read the blog post “Why Adjust Building Value for Inflation?” to learn more.
Download ImageThe underwriters of your property insurance use the value of your property to calculate the amount of coverage you should need and the cost of your premiums. They also use the property valuation to set policy limits based on their best estimates of what it would cost to rebuild your property if it were a total loss. Understanding the difference and how rising inflation could affect you if you need to rebuild is critical.
Read the blog post “Why Adjust Building Value for Inflation?” to learn more.
Read the blog post “Why Adjust Building Value for Inflation?” to learn more.
Download ImageIf your property is a total loss after a devastating storm, you’ll turn to your insurance for coverage. However, factoring in today’s inflation rate, it might cost you 15% to 30% more than its insured value to rebuild your rental property. That additional cost would become your out-of-pocket expense. You might also have to factor in additional lost revenue due to supply chain issues that could turn a six-month building project into a yearlong event. Are you prepared?
Read the blog post “Why Adjust Building Value for Inflation?” to understand what’s happening with skyrocketing repair costs.
Read the blog post “Why Adjust Building Value for Inflation?” to understand what’s happening with skyrocketing repair costs.
Download ImageLandlords have a responsibility for providing “habitable housing” for their tenants, which at its most basic means the property is free of obvious hazards, has heat and running water, is structurally sound to protect from weather conditions, is free of mold, bugs, and other health hazards, meets basic sanitary standards, and is reasonably secure. The actual definition can vary by state and be interpreted differently by courts.
Read the blog post “What Is Your Landlord Liability if a Tenant Is Injured?” to learn more about your risks and how to protect yourself.
Read the blog post “What Is Your Landlord Liability if a Tenant Is Injured?” to learn more about your risks and how to protect yourself.
Download ImageIf a personal injury results from a hazardous condition on your property, you could be held liable, even if the condition is temporary. If you’re aware of a hazardous condition but don’t resolve it timely, your risk increases. You also have a responsibility to warn tenants of an existing hazard if repairs will take time.
Read the blog post “What Is Your Landlord Liability if a Tenant Is Injured?” to learn more about your responsibilities as a landlord and the risks you face while renting out your property.
Read the blog post “What Is Your Landlord Liability if a Tenant Is Injured?” to learn more about your responsibilities as a landlord and the risks you face while renting out your property.
Download ImageA businessowners policy, or BOP, offers liability, business interruption, and property – for less than the cost of each separately. You can also increase limits and add coverages to a BOP for a customized solution.
Download ImageThough we are focused on a challenging class of business to write, our knowledge of the multifamily housing space allows us to adequately assess and prepare for that risk. We take the time to learn from property owners and managers, acquiring more insight used to develop product enhancements our customers need.
Download ImageWhat is building ordinance and law coverage? And do you need it?
Your property might be insured for replacement cost, but if new laws come into play after your original property was built, it may cost you more to repair your property to bring it up to code. Some policies exclude the increased cost of construction due to new laws or city ordinances. Check with your Millers Mutual insurance agent today to make sure you’re covered.
Download ImageWhat are the benefits of insuring your dwelling rental property on a businessowners policy (BOP) v. a dwelling fire policy? One of the main benefits is having a $1,000,000 liability limit on your property v. a typical $300,000 limit on a dwelling fire policy. Another benefit with a BOP is providing separation between your businessowners policy and your personal homeowners policy. Should someone sue, having your business on a BOP instead of a dwelling fire provides you added protection.
Download ImageAs a property owner of multifamily housing or dwelling rental properties, do you know what insurance coverages are suggested for your situation? We do and we can help you to ask your agent the right questions to get what you need.
Download ImageInsuring your dwelling rental property with a businessowners policy (BOP) rather than a dwelling fire policy has some benefits. We can help you understand the difference between these policies.
Download Image
Download ImageThe industry standard for writing a dwelling is 3 units or more, whereas Millers will write a 1-unit dwelling.
Download ImageAs a business owner, there are many things to consider when it comes to insurance. Having appropriate coverage can save the day when a loss occurs.
Download ImageCoverage for parking garages and lots are not included in standard BOPs. The Millers Mutual BOP can cover your parking area for an adjusted premium.
Download ImageAt Millers, we can include Real Estate and Property Managers on a primary basis, as long as they are performing duties on behalf of the named insured.
Commercial Umbrella
Download ImageIf you own a rental property, you need the right insurance to protect your investment and that income. A businessowners policy can cover damage to your property due to a weather event, fire, or other covered incident, and a commercial umbrella policy provides an additional layer of protection for liability claims that exceed the limits of your general liability.
For more helpful suggestions like this, read the blog post “8 Solid Ways to Maximize Your Rental Income.”
For more helpful suggestions like this, read the blog post “8 Solid Ways to Maximize Your Rental Income.”
Download ImageYour client’s insurance will most likely protect their company against a minor misfortune, but it may not give them the protection they need to survive a lawsuit—especially with lawsuits occurring at an alarming frequency. Consider commercial umbrella coverage.
Download ImageOne small mishap can carry a major price tag. Liability claims against your rental business can quickly exceed the value of your property and the cash you have on hand. An umbrella policy can back up your basic liability policy limits, offering you additional protection when you need it most.
Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.
Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.
Download ImageUmbrella coverage provides affordable protection against catastrophic losses by picking up where your other policies leave off.
Download ImageIf you are responsible for damages that exceed the limits of your primary policy, commercial umbrella coverage can cover the rest.
Download ImageCommercial umbrella insurance, also known as excess liability insurance, picks up when your primary policy hits its limit.
Download ImageWithout Umbrella coverage, you are responsible for damages that exceed the limits of your primary policy.
Data Response & Cyber Liability
Download ImageCybercriminals are on the hunt, and the personal information of your tenants is the target. You have a legal responsibility to keep this information safe, and if business files are breached, you could be facing significant fines and legal fees. Data response and cyber liability insurance can help.
Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.
Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.
Download ImageAs a landlord, you are a very attractive target for cybercriminals. These are the modern-day bank robbers who use technology to steal information. Once your information or your tenants’ is in their hands, they can sell it or use it to access bank accounts, real estate records, and more. Protecting your business is essential.
Read the blog post “Why Cybercriminals Target Landlords” to learn what’s at risk and how you can protect your business.
Read the blog post “Why Cybercriminals Target Landlords” to learn what’s at risk and how you can protect your business.
Download ImageWith only a few pieces of critical information, a cybercriminal can file paperwork that transfers property ownership to them. They can then refinance the mortgage, cash out equity, open a line of credit, and even list the house for sale!
Read the blog post “Why Cybercriminals Target Landlords” to learn more about what’s at stake when it comes to your property and the potential financial damage that can occur.
Read the blog post “Why Cybercriminals Target Landlords” to learn more about what’s at stake when it comes to your property and the potential financial damage that can occur.
Download ImageIf a cybercriminal gets your tenants’ personal information, such as Social Security numbers, addresses, and more, they can use it to impersonate them by applying for loans and credit cards, racking up many thousands of dollars in debt. Thieves can also sell this data on the dark web.
Read the blog post “Why Cybercriminals Target Landlords” to learn more about what you can do to protect your tenants and yourself.
Read the blog post “Why Cybercriminals Target Landlords” to learn more about what you can do to protect your tenants and yourself.
Download ImageThink that you’re not a target for cybercriminals because you only have one rental property? Think again! Even renting out one unit makes you a business with access to sensitive data. You’re responsible to safeguard it, and you can be held liable if it’s stolen.
Read the blog post “Why Cybercriminals Target Landlords” to learn what you can do to protect your tenants’ valuable information.
Read the blog post “Why Cybercriminals Target Landlords” to learn what you can do to protect your tenants’ valuable information.
Download ImageDetails of your property ownership are easily discoverable online in public records. Periodically review these records to look for changes or signs someone has tampered with a deed, changed your mailing address, or attempted fraud. Also, scan your credit reports regularly to look for unauthorized activity.
For more tips on what you can do to protect yourself and your tenants, read the blog post “Why Cybercriminals Target Landlords.”
For more tips on what you can do to protect yourself and your tenants, read the blog post “Why Cybercriminals Target Landlords.”
Download ImageDetails of your property ownership are easily discoverable online in public records. Periodically review these records to look for changes or signs someone has tampered with a deed, changed your mailing address, or attempted fraud. Also, scan your credit reports regularly to look for unauthorized activity.
For more tips on what you can do to protect yourself and your tenants, read the blog post “Why Cybercriminals Target Landlords.”
For more tips on what you can do to protect yourself and your tenants, read the blog post “Why Cybercriminals Target Landlords.”
Download ImageBecause you possess sensitive personal information through your rental property business, you are a target for cybercriminals. Protect your risk and take steps to avoid financial disaster for you, your tenants, and your business by securing Data Response and Cyber Liability coverage.
Read the blog post “Why Cybercriminals Target Landlords” to learn more about your risks and how to protect yourself.
Read the blog post “Why Cybercriminals Target Landlords” to learn more about your risks and how to protect yourself.
Download ImageThe valuable information you collect from tenants can be a gold mine in the hands of cybercriminals. From Social Security numbers to address histories and so much more, criminals want the information you have.
Watch a quick video to learn what information is most at risk and get tips to minimize your risk.
Watch a quick video to learn what information is most at risk and get tips to minimize your risk.
Download ImageIf you own or manage rental properties, you have cyber risk. Regardless of the size of your rental property business, you possess personal information that can be stolen, lost, or otherwise compromised. And, while it might seem surprising, a BOP typically doesn’t protect from cyber-attacks and data breaches. At Millers, you can easily add data cyber coverage onto your BOP to eliminate this headache altogether.
Download ImageWhen a data breach occurs, the average cost is $148 per record. It may not seem like a lot on its own, but the costs can add up. How many records do you maintain?
Download ImageLarge corporations often have higher cyber security budgets that allow them to be better protected and hackers know this. That could be why 58% of data breaches happen to small businesses.
Download ImageRoughly 50% of small businesses have reported a data breach over the past year. Even more have reported being hit by a cyber attack.
Download ImageMost businesses insure against risks like fire, liability or a burglary, however many have not purchased data response and cyber liability insurance. This can leave your business exposed to a major financial blow if your systems are breached.
Download ImageCyber security costs are a budget line item you cannot afford to skip. Make data response and cyber liability insurance part of your security plan so that in the case of breach, your risk is minimized.
Download ImageMore than half of the small businesses that experience a data breach close within 6 months. Without a cyber liability insurance policy to help cover the costs associated with a breach, how long would your business stay open?
Download ImageThe median cost of a data breach to a small business is $36,000. Without data response and cyber liability insurance in place to help mitigate that cost, can your business withstand the hit to the budget?
Download ImageA cyber data breach can create many expenses: breach response, defense, regulatory fines and penalties, business interruption and more. You can’t afford to skip data response and cyber liability coverage.
Download ImageCyber liability insurance protects your business against costs associated with data breach response services, regulatory fines and penalties, website media liability and more.
Download ImageIf a cyber criminal attacks your business causing data loss or interruption of services, a cyber liability policy can help protect you financially.
Download Image75% of small businesses have no budget for cyber security. Having insurance isn’t a replacement for that, but it’s a critical piece of protection businesses need.
Employment Practices Liability Insurance (EPLI)
Download ImageEmployment Practices Liability Insurance can provide financial protection against claims of discrimination, sexual harassment, wrongful termination, and more. Yet many rental property owners don’t think their business is “big” enough to warrant such a policy.
Read the blog post “Employment Practices Liability: Why Landlords Need It” to learn more about this valuable coverage and how it may benefit you.
Read the blog post “Employment Practices Liability: Why Landlords Need It” to learn more about this valuable coverage and how it may benefit you.
Download ImageIf one of your former employees were to sue you claiming wrongful termination, would you have the resources to hire a law firm and defend yourself? Lawsuits are expensive, and without EPLI coverage, you would have to pay every cent out of your own pocket.
Read the blog post “Employment Practices Liability: Why Landlords Need It” to learn how EPLI coverage can give you peace of mind that your business is protected.
Read the blog post “Employment Practices Liability: Why Landlords Need It” to learn how EPLI coverage can give you peace of mind that your business is protected.
Download ImageEmployment Practices Liability Insurance provides protection when your business is faced with claims such as discrimination based on age, race, gender, and other legally protected categories, sexual harassment, defamation, breach of employment contract, failure to promote, and violation of FMLA.
Want to learn more about EPLI coverage and how it can benefit your rental property business? Read our blog post “Employment Practices Liability: Why You Need It.
Want to learn more about EPLI coverage and how it can benefit your rental property business? Read our blog post “Employment Practices Liability: Why You Need It.
Download ImageHave you hired a property manager or maintenance staff? If so, you might need employment practice liability insurance (EPL). Protect yourself against lawsuits for discrimination, sexual harassment, wrongful termination, or a number of other illegal employment practices.
Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.
Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.
Download ImageNo matter how careful you are, a tenant, employee, or other third party could sue you for discrimination, sexual harassment, wrongful termination, or a number of other illegal practices. Your business could face enormous legal fees to mount a defense. EPL, or employment practice liability insurance) can offer protection.
Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.
Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.
Download ImageThis coverage isn’t just for protection against employees. Our policy also provides third-party protection in the event of tenant discrimination when a current or prospective tenant sues.
Download ImageWhen completing background checks on potential residents, follow the guidelines set forth by the Department of Housing and Urban Development to avoid a discrimination lawsuit.
Download ImageIn 2016, the Department of Housing and Urban Development (HUD) said refusing to rent based on a criminal record is a form of racial discrimination because of the racial imbalances in the United States justice system. Property owners and managers can protect themselves by adding third-party coverage to their Employment Practices Liability policies.
Download ImageEPL Insurance can provide coverage for lawsuits filed by employees, vendors, customers, and even residents. Are you protected?
Download ImageNo matter how big your company or how well you manage your business, an employee, customer, or vendor can allege anything at any time. Employment Practices Liability Insurance can help cover the costs associated when someone files a charge against your business.
Download ImageAvoid sexual harassment claims by implementing a zero tolerance policy and demonstrating accountability for all staff.
Download ImageEmployment Practices Liability (EPL) Insurance can help cover costs associated with claims made against your business of discrimination based on age, race, gender, color, national origin, religion, disability, pregnancy, and more.
Download ImageEmployees can sue for a number of reasons including wrongful termination, harassment, failure to promote, and retaliation. All claims must be defended, even unfounded ones, and EPL Insurance can help with those costs.
Download ImageTraining your employees on the types of actions that could be deemed discrimination is an important step toward avoiding a lawsuit.
Download ImageLiability damages from a discrimination or harassment lawsuit can cost an employer tens of thousands of dollars. An Employment Practices Liability Insurance policy can help mitigate the risk.
Equipment Breakdown
Download ImageWhen equipment stops, so does your business. No matter what type of business you run, where you’re located, or what type of equipment you depend on, your business needs equipment breakdown insurance. What could go wrong? Short Circuits. Electrical Arcing. Power Surges. Mechanical Breakdowns. Boiler Damage. It’s easy and affordable to add equipment breakdown insurance to your businessowners policy.
Download ImageYour residents pay rent for a reason. They expect necessities, amenities, and when something’s awry, responsiveness. Power outages and service disruptions are part of life, but extended delays for repairs amid uncomfortable conditions will test anyone’s patience. Don’t leave your tenants in the dark. Equipment breakdown coverage helps you quickly repair, replace, and restore the building equipment that makes your property feel like home — so you can keep your reputation and rental income intact.
Download ImageIf something breaks down in your rental property, are you ready to foot the whole bill? Our equipment breakdown coverage is available for an add-on to our BOP and covers losses including property damage, business income, spoilage, and extra expenses caused by short circuits, electrical arcing, power surges, mechanical breakdowns, motor burnouts and boiler damage.
Download ImageKeep your tenants comfortable by resolving equipment breakdown issues fast. What does equipment breakdown insurance cover? A slew of things that could leave your tenants ready to move out without a quick fix including heating and hot water equipment, electrical distribution systems, air conditioning, elevators, fire detection and security systems, emergency generators and boilers.
Download ImageEquipment Breakdown Insurance: Lessons of loss and recovery …. Scale build-up resulted in a severe low-water condition, causing a boiler to rupture. Left without heat, tenants moved out or demanded rent relief. The total of loss in this situation cost $142,864.
Download ImageApartment buildings face a variety of equipment breakdown exposures and displacing tenants during a breakdown is a major concern. Proper maintenance of the low-water cutoff device on a boiler is a critical element in reducing boiler losses at apartments. Whether or not apartments have boilers, they certainly all have insurable equipment breakdown exposures. Ask your insurance agent today how you can add equipment breakdown coverage to your businessowners policy to protect your property from common equipment breakdowns.
Download ImageWondering if you should have equipment breakdown insurance on your businessowners policy for your rental property? Here’s an example of a common equipment breakdown scenario. An electric meter assembly for a 30-unit apartment building sustained electrical damage due to an internal event. This resulted in a surge that damaged the fire alarm panel and miscellaneous outlets in the building. The property damage totaled $14,500. This could have been a covered loss if equipment breakdown coverage was added to the apartment building’s insurance policy.
Flood Insurance
Download ImageOne inch of water can cause more than $25,000 worth of damage to a home. Flood insurance may be right for you.
Download ImageThink you’re in the clear just because your building isn’t located in a high-risk flood zone? Think again. More than 20% of claims come from properties outside of high-risk flood zones.
Download ImageThere are two types of commercial flood insurance: Building Property, which covers the physical building and some systems inside like the AC equipment, and Personal Property, which covers the contents like rugs, furniture and fixtures.
Download ImageFloods are the most common natural disaster and most standard insurance policies don’t cover flood damage.
Download ImageMany believe that property insurance will cover the cost to repair or replace items damaged in a flood. However, this is generally not the case. Even if you’re not in a flood zone, you could be at risk.
Download ImageA businessowners policy (BOP) can include coverage for many different risks and liabilities. One thing it doesn’t usually cover, though, is flood damage. Even if you’re not in an area prone to flooding, surprises do happen!
Download ImageCommercial flood insurance covers more than just your physical building. Air conditioning equipment, furnaces, water heaters, and other building systems are generally included.
Download ImageNearly 20% of all National Flood Insurance Program claims happen in low or moderate flood risk areas.
Download ImageMake sure your commercial flood policy provides coverage for personal property owned by the business, such as furniture and structures, stock, carpets and rugs, washers and dryers, and more.
Optional Coverage Enhancements
Download ImageWe know sometimes costs can run over when rebuilding or replacing damaged property. That’s why we provide a cushion of up to 25% with our Extended Replacement Cost Endorsement.
Student Housing
Download ImageStudent housing rental properties can be a high demand, high rent, and low vacancy market segment. And you can balance the drawbacks through careful planning.
Read our blog post “Capitalize on Your Student Housing Investment” to learn more about what you can do to prepare and maintain your property so your student housing rental business can thrive.
Read our blog post “Capitalize on Your Student Housing Investment” to learn more about what you can do to prepare and maintain your property so your student housing rental business can thrive.
Download ImageWhen it comes to student housing rental properties, your tenants need clean, efficient spaces that are easy to maintain and can stand up to some careless behaviors. Installing durable materials will likely save you time and money in the future.
Read our blog post “Capitalize on Your Student Housing Investment” to learn more about what you can do to prepare and maintain your property so your student housing rental business can thrive.
Read our blog post “Capitalize on Your Student Housing Investment” to learn more about what you can do to prepare and maintain your property so your student housing rental business can thrive.
Download ImageSeasoned tenants know when to report maintenance issues, but students may not know or be afraid to speak up. By installing things like hard-surface flooring or commercial-grade carpeting and setting clear expectations with tenants, you can help students learn to be the tenants you want.
Read our blog post “Capitalize on Your Student Housing Investment” to learn more about what you can do to prepare and maintain your property so your student housing rental business can thrive.
Read our blog post “Capitalize on Your Student Housing Investment” to learn more about what you can do to prepare and maintain your property so your student housing rental business can thrive.
Download ImageAn important component of getting the most out of your student housing rental property business is to practice responsive maintenance. By tending to smaller issues quickly, you can stop them from becoming bigger ones. Also, tenants will learn that maintenance is important and be more inclined to tell you if there’s an issue.
Read our blog post “Capitalize on Your Student Housing Investment” to learn more about what you can do to prepare and maintain your property so your student housing rental business can thrive.
Read our blog post “Capitalize on Your Student Housing Investment” to learn more about what you can do to prepare and maintain your property so your student housing rental business can thrive.
Download ImageStudent housing rental properties aren’t like other rental properties, which is why there’s value in dealing with an insurance company that understands this unique market. Having the right coverage in place can protect your bottom line in numerous ways.
Read our blog post “Capitalize on Your Student Housing Investment” to learn more about insurance needs for student housing rental properties.
Read our blog post “Capitalize on Your Student Housing Investment” to learn more about insurance needs for student housing rental properties.
Download ImageWith traditional rental properties, there is one lease per unit. For student housing properties, having a separate lease for each roommate can offer protection if one roommate defaults on their portion of the rent payment.
Read our blog post “Capitalize on Your Student Housing Investment” to learn more ways these properties differ from traditional rentals and how you can respond accordingly.
Read our blog post “Capitalize on Your Student Housing Investment” to learn more ways these properties differ from traditional rentals and how you can respond accordingly.
Download ImageLess than half of renters have renters insurance. Students in particular are less likely to understand the need for this coverage or have the desire to spend the money. Many falsely believe that a landlord’s insurance will cover any property losses they incur. You’re really doing students a favor by requiring renters insurance to ensure their belongings are protected.
Read more about protecting your student housing rental property on our blog post “Capitalize on Your Student Housing Investment.”
Read more about protecting your student housing rental property on our blog post “Capitalize on Your Student Housing Investment.”
Download ImageBackground and credit checks on student tenants won’t necessarily provide you with the information you need as the students are young and won’t have much rental or credit history. Be sure to ask creative questions about income and ability to pay rent, and screen cosigners as you would the primary tenants.
Want to get the most out of your student housing rental property? Read our blog post “Capitalize on Your Student Housing Investment” to learn how.
Want to get the most out of your student housing rental property? Read our blog post “Capitalize on Your Student Housing Investment” to learn how.
Download ImageYour student tenants are more likely to respect you and your property when they get to know you. Visit the property often and develop a face-to-face relationship with your tenants. Communicate concerns if something seems out of place, and remain readily available and easy to approach so tenants feel comfortable asking questions.
Learn more about minimizing risks at your property by reading our blog post “Capitalize on Your Student Housing Investment.”
Learn more about minimizing risks at your property by reading our blog post “Capitalize on Your Student Housing Investment.”
Download ImageYounger tenants may not know what to do if they see a fire in the building or if a storm knocks out electricity. Creating an emergency plan to share with those renting your student housing property can protect your building and help limit injuries to your tenants.
Read our blog post “Capitalize on Your Student Housing Investment” to learn more about what you can do to prepare and maintain your property so your student housing rental business can thrive.
Read our blog post “Capitalize on Your Student Housing Investment” to learn more about what you can do to prepare and maintain your property so your student housing rental business can thrive.
Download ImageStudents are generally not experienced renters, so you can’t assume they know how to behave. Establishing clear rules within the lease, including quiet hours, when to take out the trash, snow removal responsibilities and more, can not only help set clear expectations but also make rules easier to enforce.
Read our blog post “Capitalize on Your Student Housing Investment” to learn more about what you can do to prepare and maintain your property so your student housing rental business can thrive.
Read our blog post “Capitalize on Your Student Housing Investment” to learn more about what you can do to prepare and maintain your property so your student housing rental business can thrive.
Download ImageStudents often do not have a credit or rental history, and many are not yet financially independent. Requiring an adult cosigner (like a parent) on the lease will give you better recourse if the tenant breaches the contract.
Read our blog post “Capitalize on Your Student Housing Investment” to learn more about what you can do to prepare and maintain your property so your student housing rental business can thrive.
Read our blog post “Capitalize on Your Student Housing Investment” to learn more about what you can do to prepare and maintain your property so your student housing rental business can thrive.
Download ImageStudent Housing is a profitable segment of the multifamily housing industry. The trick is to minimize risk when renting to college students to protect your investment. Choosing the right insurance agent and carrier with expertise in this niche will ensure your property has the right insurance so you can retire financially comfortable. Find a Millers Mutual Independent Agent today to get started.
Download ImageAre you a property owner worried about the risks associated with renting to college students? There are several steps you can take to protect your investment property. Our underwriting experts at Millers Mutual will ensure you have the right coverage to protect your investment.
Download ImageStudent housing should be approached differently than typical rental properties when it comes to insurance. At Millers Mutual, we’ve taken the time to understand this market segment and created a product that best protects the landlord. Find out more about our student housing coverage today.
Download ImageDo you own an off-campus student housing property, such as a small apartment building or dwelling? If so, we have an insurance program that provides unique coverage for this type of risk. Let us help you protect your investment so you can retire financially comfortable.
Download ImageIf you house students, a typical apartment building policy won’t protect you against everyday risk. There is a separate set of complex rules when students are tenants. Our student housing insurance product provides unique coverage solutions for owners of student housing properties–coverage that ensures your investments are protected.
Download ImageSome people are hesitant to invest in student housing because they fear the worst: high turnover, reliability of first time renters, and increased risk of property damage to name a few. But by premeditating these potential risks, investors/landlords can protect investments while obtaining dependable cash flow. We have compiled a list of ways to minimize risks associated with student housing to help you protect your investment.
Download ImageWhen it comes to finding insurance for a landlord who rents to students, some insurance agents might turn to an excess and surplus insurance carrier to protect the investment. But at Millers Mutual, we specialize in this niche and provide the right amount of coverage for the right cost.
Download ImageStudent Housing properties have frequent periods of vacancy. If your student housing property is vacant for 30 days, our Lifecycle Vacancy Endorsement, which is automatically included in the policy, will kick in and protect your investment.
Download ImageAt Millers Mutual, we have taken the time to understand the Student Housing Market and created a product that best protects landlords. Find out more about our student housing coverage today.
Vacant Property Coverage
Download ImageWhile your vacant dwelling is waiting for new renters, or simply waiting, you can rest assured it’s properly protected with vacant property coverage available through Millers Mutual.
Download ImageWhether a property is empty during resident transitions or renovations, don’t leave it uninsured.
Download ImageWhen your property is vacant due to tenant transitions or renovations, Vacant Property Coverage can help lower your risk.
Workers’ Compensation
Download ImageRental property owners today face many risks and exposures that are not covered in businessowners policies, which accounts for millions of dollars in uninsured claims each year. One of those coverage gaps tends to be workers’ compensation. Don’t let your multifamily housing clients be too quick to dismiss workers’ compensation insurance at your next BOP renewal. Help your client stay in business by recommending a workers’ compensation policy today.
Download ImageA proactive Workers’ Compensation plan including early intervention and disability management can benefit your loss experience and help keep your costs down.
Download ImageWorkplace injury prevention is key, but even the most well-run enterprises can experience an accident. Workers’ Compensation can help manage that risk before and after a loss.
Download Image
Download ImageWorkers’ Compensation insurance provides coverage for medical expenses, lost wages, vocational rehabilitation, and death benefits when employees are injured, disabled or made ill as a result of work duties conducted on behalf of their employer.
Download ImageGetting an injured employee well and back on the job is good for everyone. Your Workers’ Compensation policy should have a program in place to assist with helping employee’s return to work.
Renters Insurance
Download ImageReal property vs. personal property. Do you know the difference? If you’re the owner of a rental property, you should. But it’s equally important to make sure your tenants understand.
Read the blog post “Yours, Mine & Ours: Renters Insurance vs. BOP Coverage” to learn more about the difference between real property and personal property, and why it matters.
Read the blog post “Yours, Mine & Ours: Renters Insurance vs. BOP Coverage” to learn more about the difference between real property and personal property, and why it matters.
Download ImageTenants often incorrectly assume that their landlord’s insurance will cover their personal belongings in the event of a fire or other covered loss. By requiring your tenants to provide proof of renters insurance, you can protect them and your rental property business.
Read the blog post “Yours, Mine & Ours: Renters Insurance vs. BOP Coverage” to learn more about what’s covered under a businessowner’s policy and why you should protect your tenants and your rental property by requiring proof of renters insurance.
Read the blog post “Yours, Mine & Ours: Renters Insurance vs. BOP Coverage” to learn more about what’s covered under a businessowner’s policy and why you should protect your tenants and your rental property by requiring proof of renters insurance.
Download ImageAs a rental business owner, there are steps you can take before a catastrophe happens to help reduce your risks. One such action is requiring all tenants to carry renters insurance. Your property policy won’t cover their possessions if a fire breaks out, yet your tenant may sue you to recover losses anyway.
Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.
Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.
Download ImageThe best time to discuss the benefits of renters insurance is during the tenant interview process. It is very common for a landlord to build a requirement for renters insurance into a new lease agreement.
Download ImageAs a landlord, you know you need to have insurance on your building, but you may leave the decision to buy renters insurance to your tenants. After all, it benefits them and not you, right? While it’s true that renters insurance does benefit tenants, the fact is there are good reasons for landlords to require their tenants to obtain this coverage. We’ve compiled a list of the top reasons you should implement a renters insurance requirement for your tenants, as well as talking points for explaining how it benefits your renters.
Download ImageOnly 30% of renters obtained renters insurance in 2017. As a landlord, you can gain the security and peace of mind that comes from knowing your assets and tenants are protected with a renters insurance product made for multi-dwelling units, property managers, and their tenants. Tenants are approved through a non-underwritten and streamlined process, with no social security or credit checks needed. And an online portal provides easy access to update renter information and track renters insurance policies, removing the hassle for you, the busy landlord.
Download ImageGain the security and peace of mind that comes from knowing your assets and tenants are protected with a renters insurance product made for multi-dwelling units, property managers, and their tenants. The best time to discuss the benefits of renters insurance is during the tenant interview process. Feel free to use our resource, How to Talk to Tenants About Renters Insurance, to help you open that conversation with tenants.
Download ImageMany renters believe a renters insurance policy will only benefit their landlord, so they do not obtain one. However, what renters don’t always understand is that the landlord’s insurance doesn’t cover their personal belongings, resulting in disputes between property owners and tenants.
Download ImageIf a tenant’s guest is injured on your property, they may look to you for liability. Avoid legal disputes and uncomfortable interactions by requiring tenants to purchase renters insurance.
Download ImageIf a tenant damages a rental unit, a claim can be filed against their renters insurance policy rather than the landlord’s property insurance. This protects the landlord from having to pay a deductible or potentially higher premiums.
Download ImageDon’t get burned by a resident’s negligence. Consider requiring tenants to have renters insurance that covers losses caused by residents such as through fire, smoke, explosion, water discharge, and sewer backup.
Download ImageWhen a resident causes damage to your property, you can be left paying for repairs. Insisting your tenants have renters insurance can help protect you from these losses.
Download ImageRenters insurance can cover the costs of damage to the property caused by the resident. For this reason, requiring renters insurance is in every property manager’s best interest.
Tenant Screening
Download ImageIt’s costly and time-consuming to find tenants. Creating a listing, screening tenants, repainting the rental property – it all adds up! Renewing your lease with good tenants is a smart way to save time and money.
Read the blog post “Rental Property Business Insurance Basics” for more simple, everyday actions you can take to make your rental business more profitable.
Read the blog post “Rental Property Business Insurance Basics” for more simple, everyday actions you can take to make your rental business more profitable.
Download ImageOne of the best ways to maximize your rental income is to fully screen potential tenants. Look for tenants most likely to pay rent on time and take care of your property.
Read the blog post “8 Solid Ways to Maximize Your Rental Income” for more tips!
Read the blog post “8 Solid Ways to Maximize Your Rental Income” for more tips!
Download ImageRenting to someone with a violent criminal history can endanger other tenants and/or neighbors. Reviewing each potential tenant’s criminal history is an easy, inexpensive way to help minimize your risk of renting to a dangerous person. Here are some other reasons tenant screening is so important.
Download ImageAs a landlord, you are required to follow state and federal regulations regarding screening a tenant. Working with a professional tenant screening service guarantees compliance and protects landlords from potential trouble down the road. But that’s not the only reason tenant screening is a must.
Read more on our blog.
Read more on our blog.
Download ImageTenants have complete access to your property. That means they could cause thousands of dollars of damage and leave you with the bill. By screening applicants for any criminal history of property damage you can substantially reduce your liabilities and better protect your property. Learn more about the importance of tenant screening.
Download ImageBetween time, damages, court costs, and having to pay the mortgage until a new tenant arrives, an eviction can easily financially strap a landlord. Reviewing a tenant credit report can steer you away from tenants with shoddy financials, helping you to avoid the eviction process altogether.
Read more about why tenant screening is so vital.
Read more about why tenant screening is so vital.
Download ImageIn a perfect world, your property would be filled with honest tenants who paid on time, caused no property damage, and were friendly to the neighbors. You may initially think someone checks all those boxes, but keep in mind many people tend to present themselves in a better light during interviews. Cross-checking facts is a great reason to run a tenant screening report.
Download ImageScreening tenants used to be just for large professional property management companies. It’s easy to understand why: Pulling certain types of tenant background checks like tenant credit reports isn’t possible for most individuals. With SmartMove, a landlord can run an online tenant credit check, eviction history, and criminal background check in minutes.
Learn all about how this product may be right for you.
Learn all about how this product may be right for you.
Download ImageWe’ve partnered with Transunion to provide our insureds with SmartMove, a convenient tenant screening service for people who don’t manage hundreds of properties. In a nutshell, SmartMove allows rental history reports to be delivered to landlords while protecting consumer information in a manner consistent with the Fair Credit Reporting Act and applicable regulations.
Learn more about how SmartMove helps landlords pick the right tenant for their property.
Learn more about how SmartMove helps landlords pick the right tenant for their property.
Download ImageA landlord credit check is an important step to evaluate an applicant. Our product, SmartMove, helps you better assess an applicant’s risk. Use credit checks designed for tenant screening and find high-quality tenants faster with SmartMove screening services provided through Millers Mutual.
Download ImageA landlord credit check is an important step to evaluate your applicant and often a pain point for landlords. Our solution, SmartMove, is great for both landlord and tenant. Renters like our solution because we help them get the rental they want while making them feel comfortable in sharing their personal information in a convenient, online solution. And landlords enjoy the pay-as-you-go tenant screening, allowing you to pay only for the reports you need. The best part–you can get started with SmartMove today!
Third-Party Products & Services
Download ImageThree out of every five home fire deaths occurred in homes without working smoke detectors, or with no smoke detectors at all. Are your residents protected?
Download ImageAccidents happen. Cooking fires remain the #1 cause of residential structure fires. Millers Mutual offers 20% off MSRP for a variety of automatic fire suppression products to help protect your property.
Download ImageDid you know that sprinkler systems can help stop a fire from spreading and decrease the fire death rate by 81%?
Download ImageCooking oils ignite at 750o F. Regular electric coils can reach 1400o F. Consider installing safety burners on all stoves to help protect your property. Millers Mutual offers a discount on a variety of fire suppression products.
Focusing on Millers
Download ImageWhere other providers divide their attention across multiple classes of business, Millers Mutual zeros in on multifamily housing. Our deep understanding of the exposures endemic to the niche means thorough coverage for property owners—and reassurance amid the anxiety of emergencies. Our agents and our customers deserve a carrier that’s dedicated to understanding the intricacies of multifamily housing.
Download ImageIn the wake of an accident, an insurance policy should provide a source of solace. Without an insurance carrier that’s deeply invested in the multifamily housing space, property owners experiencing a loss may find just the opposite. Avoiding gaps in coverage takes singular focus. Our deep understanding of the exposures endemic to the niche means thorough coverage for property owners—and reassurance amid the anxiety of emergencies.
Download ImageAt Millers, we inspire confidence in agents who know our steadfast devotion to the multifamily space means holistic, stable coverage. We’re smaller and nimbler than some of the other P&C insurers out there, which means we can offer more of what our agents really need: creative solutions, flexible underwriting, compassionate service, and deep expertise.
Download ImageAt Millers Mutual, our steadfast devotion to multifamily housing means our customers have stable, comprehensive coverage that protects their properties from year to year. If you’d like to find an independent insurance agent that works with Millers Mutual Insurance, please feel free to visit our Find an Agent page.
Download ImageOur unwavering commitment to the multifamily housing industry results in consistent, holistic coverage agents and insureds can depend on. We are a source of confidence for our agents and of calm for our insureds in difficult times. If you’d like to find an independent insurance agent that works with Millers Mutual Insurance, please feel free to visit our Find an Agent page.
Download ImageIn the aftermath of the unforeseen, our agents have the peace that comes from knowing loss doesn’t have to be permanent. The ability to lead from any position, humility, trustworthiness, and passion are all immovable facets of Millers Mutual employees. If this sounds like you, we’d love to know more about you!
Download ImageCarriers bouncing in and out of the habitational market can make things difficult and create more work for insurance agents. Millers Mutual is a niche property and casualty insurer targeting the multifamily housing industry in the small business space and we are here to stay! If you’re looking for a reliable carrier in the multifamily housing niche, we’d love to hear from you.
Download ImageRiverside Brokerage Services is a wholly owned in-house brokerage of Millers Mutual with two main objectives. The first is to provide Millers Mutual agency partners access to additional products and programs that complement our Businessowners Policy (BOP) by helping to improve retention, risk profiles and book profitability. Additionally, Riverside Brokerage Services provides access to Millers Mutual products for agents without a direct appointment with Millers. Learn more about the various products we offer through Riverside Brokerage.
Download ImageWe are hiring! In the aftermath of the unforeseen, with Millers Mutual as their partner, agents can have the peace that comes from knowing loss doesn’t have to be permanent. The ability to lead from any position, humility, trustworthiness, and passion are all immovable facets of Millers employees. If this sounds like you, we’d love to know more about you!
Download ImageMultifamily property has unique concerns. Millers Mutual works with passion to provide the tools to help you and your clients build the strongest business possible. Learn more about the products we offer to protect our customers’ assets.
Download ImageAt Millers Mutual, our team gives agents the consistency their business demands and the confidence they can stake their relationships on. Our deep investment in our people has created a culture of compassion that sharpens our focus and spills into our relationships with agents and insureds.
Download ImageWith many carriers being unreliable in both appetite and approach to pricing, our agents can depend on us because of our singular commitment to multifamily housing. Not only will we be here today, tomorrow, and for years to come, but we continue to provide new products and services to best protect our insureds.
Download ImageYour customers need answers and assurance, not a policy drafted by a computer. Millers Mutual relies on human experiences steered by insight and compassion to meet owners’ needs. If you are interested in learning more about becoming a Millers Mutual independent agent, check out our Become an Agent page on our website. We are currently looking for agents to represent us in Ohio and North Carolina.
Download ImageCarriers exiting the multifamily housing space can leave property owners without coverage year to year. With steadfast commitment to the multifamily housing market, Millers Mutual provides lasting, comprehensive coverage to our customers year after year.
Download ImageMillers Mutual has more than a century of experience and understands what it takes to protect and empower business owners. We’re your niche property and casualty insurer today, tomorrow, and for years to come.
Download ImageIn 1890, when a group of small business owners needed coverage for their mills, they couldn’t turn to the big-city insurance companies to understand their specific needs. With over a century of experience, we understand what it takes to protect and empower business owners.
Download ImageFiling a claim can be a time of extreme despair for insureds. Under high amounts of stress already, insureds need a carrier they can depend on and their agents know who those carriers are. Millers Mutual is the niche property and casualty insurer that doesn’t shy away from its claims. We courageously do what’s necessary to ensure agents become a reassuring force in the lives of their clients.
Download ImageTired of carrier disruption in the habitational market? Millers Mutual is a niche-focused, commercial insurance provider targeting the multifamily housing industry in the small business space and we are here to stay!
Download ImageAgents rely on us because our singular commitment to the habitational market makes us reliable in both appetite and approach to pricing.
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Download ImageMost carriers won’t insure rental dwellings smaller than three units, but Millers Mutual will!
Download ImageOur target customers are commercial property owners investing in real estate with as few as one, or a portfolio of many, habitational properties which are four stories or less in height and $5 million or less in value.
Download ImageWe insure mixed-use occupancy buildings with retail space on the ground floor and apartments above.
Download ImageMultifamily housing written on a Businessowners Policy is intrinsic to who we are and what we do best. We have a deep knowledge of this class of business.
Download ImageWorking with an expert insurance carrier is key in ensuring a student housing investment property is protected. We specialize in insurance for off-campus, privately-owned student housing buildings.
Download ImageAt Millers Mutual, we understand and appreciate the complexities of rowhomes. The subtle differences between a rowhome and a dwelling lend itself to different kinds of risks such as the type of roof and composition of the walls.
Download ImageAs experts in the habitational market, we can help you insure your senior independent living building.
Download ImageAt Millers Mutual, we choose to be a part of the affordable housing solution. And because this type of building fits nicely into our appetite’s sweet spot, we’re primed to insure affordable housing buildings.
Download ImageWe offer property and casualty (P&C) insurance solutions for multifamily housing and dwellings, commercial real estate and affordable housing. This concentrated focus allows us to enhance our breadth and depth of expertise and appetite in our target classes.
Download ImageOur focus is on habitational properties that are four stories or less in height and $5 million or less in value, and we have an enhanced knowledge of this target market.
Download ImageWe offer a suite of products aimed at protecting multifamily housing and dwellings. We’ll thoroughly assess each unique situation to develop creative, comprehensive, cost-effective insurance solutions that make sense.
Multifamily housing and commercial real estate are what we know and do best, and where we have the most experience and greatest expertise. This helps provide you with a competitive advantage for property and casualty coverages.
Did you know Millers Mutual serves commercial policyholders in Pennsylvania, Delaware, Maryland, North Carolina, Ohio, Virginia, and Washington, D.C.?
Download ImageThrough our wholly-owned in-house brokerage, Riverside, Millers Mutual offers insurance products such as Workers’ Compensation, Property Damage Liability, Commercial Auto and more!
Download ImageWe cater to apartment buildings of four stories or fewer, garden style apartments, and dwellings of one to four units.
Inflation/Hard Insurance Market
Download ImageYour property insurance should help cover repair, replacement, and rebuilding costs when a covered event results in damage or loss. But during a time when inflation has prices for goods and services rising by staggering margins, how can you be sure your policy gives you adequate coverage?
Read the blog post “Can Your Insurance Keep Up With Inflation?” to learn more about how inflation affects insurance and what you need to know.
Read the blog post “Can Your Insurance Keep Up With Inflation?” to learn more about how inflation affects insurance and what you need to know.
Download ImageWhen was the last time you evaluated the limits on your insurance policy? If it’s been a while, your limits may not be adequate due to skyrocketing inflation and building costs.
Read the blog post “Can Your Insurance Keep Up With Inflation” to learn more about what you can do to make sure you have enough coverage for your rental property.
Read the blog post “Can Your Insurance Keep Up With Inflation” to learn more about what you can do to make sure you have enough coverage for your rental property.
Download ImageWhen Roger and Giselle purchased a nice duplex and insured it for $180,000 in 2011, they knew it could be the key to a secure future for their children. Having revisited their policy limits in 2018, they expected their investment to be safe. However, nothing could have prepared them for the loss that resulted from not insuring their property to its current value.
Read the case study, “When Coverage Doesn’t Keep Up,” to understand the impact inflation is having on property values and insurance coverage.
Read the case study, “When Coverage Doesn’t Keep Up,” to understand the impact inflation is having on property values and insurance coverage.
Download ImageIf your policy limits haven’t grown with rising costs, you could face unexpected out-of-pocket expenses for large claims. At Millers Mutual, we work closely with your agent to ensure you have the right coverage to protect your rental property business.
Read the infographic, “2022 Rebuilding Prices Reach New Heights,” to learn more about inflation and how it impacts building costs.
Read the infographic, “2022 Rebuilding Prices Reach New Heights,” to learn more about inflation and how it impacts building costs.
Download ImageInflation is affecting nearly every business, including rental property owners. As the building values and the costs of materials rise, insurance policies must keep up.
Millers Mutual’s Hard Insurance Market / Inflation Toolkit is full of resources that help insurance agents and property owners alike understand the significant impact of inflation. Check out this content specially curated for you to share.
Millers Mutual’s Hard Insurance Market / Inflation Toolkit is full of resources that help insurance agents and property owners alike understand the significant impact of inflation. Check out this content specially curated for you to share.
Download ImageInsuring your rental property to the full amount it would cost to rebuild it is the best way to protect your investment. But with the recent inflation and the skyrocketing cost of materials, your current coverage limits may not be sufficient.
Read our blog post “Can Your Insurance Keep Up With Inflation?” to learn more about what you can do to make sure your rental property business is protected.
Read our blog post “Can Your Insurance Keep Up With Inflation?” to learn more about what you can do to make sure your rental property business is protected.
If you own a rental property, you need the right insurance to protect your investment and that income. A businessowners policy can cover damage to your property due to a weather event, fire, or other covered incident, and a commercial umbrella policy provides an additional layer of protection for liability claims that exceed the limits of your general liability.
For more helpful suggestions like this, read the blog post “8 Solid Ways to Maximize Your Rental Income.”
For more helpful suggestions like this, read the blog post “8 Solid Ways to Maximize Your Rental Income.”
Your client’s insurance will most likely protect their company against a minor misfortune, but it may not give them the protection they need to survive a lawsuit—especially with lawsuits occurring at an alarming frequency. Consider commercial umbrella coverage.
One small mishap can carry a major price tag. Liability claims against your rental business can quickly exceed the value of your property and the cash you have on hand. An umbrella policy can back up your basic liability policy limits, offering you additional protection when you need it most.
Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.
Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.
Download ImageWhen Roger and Giselle purchased a nice duplex and insured it for $180,000 in 2011, they knew it could be the key to a secure future for their children. Having revisited their policy limits in 2018, they expected their investment to be safe. However, nothing could have prepared them for the loss that resulted from not insuring their property to its current value.
Read the case study, “When Coverage Doesn’t Keep Up,” to understand the impact inflation is having on property values and insurance coverage.
Read the case study, “When Coverage Doesn’t Keep Up,” to understand the impact inflation is having on property values and insurance coverage.
Risk Management
Download ImagePreventing fires in your multiunit dwellings is essential, especially as fire is one of the leading causes of property damage. Equipping each unit with fire prevention and suppression devices is one easy step you can take to reduce your risk.
Read the blog post “Rental Property Business Insurance Basics” to learn more about these devices and other considerations for your property. Read the blog post “Hurricane Guidelines” to get more information about what to expect with your insurance coverage this hurricane season.
Read the blog post “Rental Property Business Insurance Basics” to learn more about these devices and other considerations for your property. Read the blog post “Hurricane Guidelines” to get more information about what to expect with your insurance coverage this hurricane season.
Download ImageHaving a fire evacuation plan for your rental property can save lives. One important piece of that plan is to draw a map of the property to help tenants visualize their shortest escape route.
Read our blog post “Fire Prevention in Rental Housing: A Hot Topic” to learn steps you can take to protect your property and tenants from fire damage, injury, and loss.
Read our blog post “Fire Prevention in Rental Housing: A Hot Topic” to learn steps you can take to protect your property and tenants from fire damage, injury, and loss.
Download ImageFire is the single most potentially devastating risk to residential rental properties. In fact, statistics show that approximately 350,000 residential fires occur in the U.S. each year, resulting in more than 2,600 deaths, 11,000 injuries, and more than $7 billion in direct property damage.
Read our blog post “Fire Prevention in Rental Housing: A Hot Topic” to learn steps you can take to protect your property and tenants from fire damage, injury, and loss.
Read our blog post “Fire Prevention in Rental Housing: A Hot Topic” to learn steps you can take to protect your property and tenants from fire damage, injury, and loss.
Download ImageMost municipalities have fire safety codes for residential and multi-unit dwellings that mandate the fire safety equipment you are required to install in your building. Review the code to ensure you’re in compliance, but understand these are minimum guidelines so feel free to exceed these standards.
Read our blog post “Fire Prevention in Rental Housing: A Hot Topic” to learn steps you can take to protect your property and tenants from fire damage, injury, and loss.
Read our blog post “Fire Prevention in Rental Housing: A Hot Topic” to learn steps you can take to protect your property and tenants from fire damage, injury, and loss.
Download ImageEquip your rental property with fire protection devices such as fire extinguishers, sprinkler systems, smoke alarms, and kitchen fire suppression devices. Then be sure to test that equipment at least once per year to ensure everything is working as it should.
Read our blog post “Fire Prevention in Rental Housing: A Hot Topic” to learn steps you can take to protect your property and tenants from fire damage, injury, and loss.
Read our blog post “Fire Prevention in Rental Housing: A Hot Topic” to learn steps you can take to protect your property and tenants from fire damage, injury, and loss.
Download ImageOnce evacuated, tenants should meet in one place to be sure that everyone got out safely. Designate a tree, mailbox, or some other landmark that is a safe distance from the building where tenants can check in with each other and provide accurate information to rescue crews about who is still inside the building.
Read our blog post “Fire Prevention in Rental Housing: A Hot Topic” to learn steps you can take to protect your property and tenants from fire damage, injury, and loss.
Read our blog post “Fire Prevention in Rental Housing: A Hot Topic” to learn steps you can take to protect your property and tenants from fire damage, injury, and loss.
Download ImageIf fire were to block the main door, show tenants alternative means of getting out of the building. Highlight back doors, windows, and fire escapes that they can use. These exits might seem obvious now, but in the heat of the moment, tenants might not be thinking clearly.
Read our blog post “Fire Prevention in Rental Housing: A Hot Topic” to learn steps you can take to protect your property and tenants from fire damage, injury, and loss.
Read our blog post “Fire Prevention in Rental Housing: A Hot Topic” to learn steps you can take to protect your property and tenants from fire damage, injury, and loss.
Download ImageGive every tenant a copy of the fire escape plan every year, even if it hasn’t changed, and be sure to post it in common areas of your building like the laundry room, inside front and back doors, by the elevator, and next to emergency egress windows that lead to the fire escape.
Read our blog post “Fire Prevention in Rental Housing: A Hot Topic” to learn steps you can take to protect your property and tenants from fire damage, injury, and loss.
Read our blog post “Fire Prevention in Rental Housing: A Hot Topic” to learn steps you can take to protect your property and tenants from fire damage, injury, and loss.
Download ImageIf a storm is on the horizon, you need to know you have the coverage you need if your property is damaged. Once a storm has been announced, whether as a tropical storm watch, tropical storm warning, hurricane watch, or hurricane warning, it’s too late. Talk to your agent before the threat exists to review your coverages.
Read the blog post “Hurricane Guidelines” to get more information about what to expect with your insurance coverage this hurricane season.
Read the blog post “Hurricane Guidelines” to get more information about what to expect with your insurance coverage this hurricane season.
Download ImageDid you know hurricane season lasts six months? That’s a long time to be exposed! If you haven’t already, review your insurance policy and protect your property. Once a storm is coming, it’s already too late!
Read the blog post “Hurricane Season Is Right Around the Corner” for more tips and information to help you protect your property this hurricane season.
Read the blog post “Hurricane Season Is Right Around the Corner” for more tips and information to help you protect your property this hurricane season.
Download ImageAs an owner or landlord of a multifamily housing property, your risk increases with every tenant you serve. You need insurance you can count on to cover that risk, but what kind of insurance is important?
Download ImageOne frozen pipe that bursts can cause thousands of dollars of damage. Instructing tenants on prevention techniques can help save money and aggravation. Learn tips about this and more on our blog.
Download ImageVandals intentionally causing damage to your property can be a real problem. Thankfully, there are steps you can take to make it harder for them to strike. Prevent vandalism with these tips, and learn other ways to prevent costly claims for your rental property.
Download ImageTenants may dispose of grease or paper products in a way that can lead to a costly sewer backup. Avoid damage to your property, including floors, walls, furniture, electrical units, and much more by educating tenants on proper disposal.
Download ImageBeing a landlord can be rewarding and profitable, but it does come with risks. One major risk you are up against is purchasing the right amount of insurance coverage for the right price. But what kind of coverage should you purchase? Here are the top 8 coverages we recommend for multifamily housing and rental dwelling property owners.
Download ImageBeing a landlord during the winter months comes with a set of unique challenges. Between periods of low demand, cold weather damage, and traveling tenant woes, you may find yourself with hardships that cut into your profit. Here are 5 of the most common challenges for landlords and how you can overcome them.
Download ImageOne of the biggest challenges landlord’s face during winter is the removal of snow and ice, which can cause accidents and injuries. Prevent injuries and minimize injury costs by implementing a snow removal plan for your rentals. You can start with placing weather mats at the entrance to the property and create an ice and removal log to keep track of your properties. Make sure you stick to it, too.
Download ImageWe all are guilty of it from time to time. Most of us do this multiple times a day and it’s bound to happen occasionally. Your kids are fighting in the other room, so you leave the stove unattended for just a minute to calm things down. Or you take a quick phone call or watch the cat video your sister just sent you. The problem is it only takes a second for a cooking fire to ignite. At Millers, we’ve partnered with Pioneering Tech to provide SmartBurner at a discounted price to our customers. SmartBurner saves people, property and money by controlling the heat so that the only thing getting cooked is your food. Not the kitchen and not the building.
Download ImageFires are among the most common disasters in the United States. On average, United States fire departments respond to a fire every 24 seconds. We’ve come up with a few easy tips you can use to help prevent disastrous fires in rental properties.
Download ImageDon’t get left exposed in your moment of need. Millers Mutual’s singular focus provides confidence in a complex business. Turn your client’s moment of dread into a moment of relief. We’ve compiled a list of the most common claims for property owners and how they can mitigate common risks.
Download ImageHurricane season officially starts on June 1 and officially ends on November 30 each year. However, storm formation is possible at any time. For a landlord, rental property is one of your largest investments, so protecting it from natural disasters is probably one of your top priorities. Now is a great time to prepare before the storm strikes.
Download ImageYour rental property is one of your largest investments, so protecting it from natural disasters is probably one of your top priorities. Now is a great time to prepare before the storm strikes.
Download ImageCooking fires remain the #1 cause of residential structure fires. Provide tenants with tips on safe cooking, enforce a no smoking policy, and install stovetop fire mitigation devices. Perform periodic checks of all heating equipment and systems to catch a problem before it’s too late.
Download ImageA sewer backup can cause thousands of dollars in damage to everything from floors, walls, furniture, electrical units, and much more. Educate tenants on properly disposing of grease and paper products to avoid clogging and costly claims. Learn other claims prevention tips here.
Download ImageUneven pavement, potholes, and large cracks can lead to trips and falls on the property. Owners have a duty to take reasonable steps to protect people from known hazards.
Download ImageWhen the temperature dips, instruct tenants to turn up the heat to avoid frozen pipes, and open closet or cabinet doors to let the heat reach vulnerable pipes.
Download ImageWhen it comes to rental properties, you’re bound to have claims from time to time. However, there are things you can do to lower your risk. Learn more with Millers Mutual.
Download ImageStorms and weather-related damage to property can be devastating. Have a safety plan and enact it to protect your property as soon as weather threats arise.
Download ImagePrevent vandalism on your property by installing security lights. Also, planting shrubs and bushes near the property can ward off potential vandalism.
Download ImageProperty owners should require contractors to add them as an additional insured under the contractor’s general liability policy.
Download ImageFrom a risk transfer perspective, indemnification, hold harmless and insurance clauses are three important requirements in contracts with contractors.
Download ImageWhen reviewing a contractor’s insurance information, verify that the contractor is the named certificate holder and not the property manager.
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Apartment Buildings Insurance
Don’t spend your hard-earned money on costly repairs. Doing preventive maintenance on your property can prevent more expensive fixes down the line.
Read the blog post “8 Solid Ways to Maximize Your Rental Income” to learn more ways to get the most out of your rental property.
Read the blog post “8 Solid Ways to Maximize Your Rental Income” to learn more ways to get the most out of your rental property.
Your tenants don’t want to write you a check every month. Make it easy for them to pay rent on time through the use of online services or consumer apps.
For more suggestions like this, read the blog post “8 Solid Ways to Maximize Your Rental Income.”
For more suggestions like this, read the blog post “8 Solid Ways to Maximize Your Rental Income.”
A simple way to maximize your rental income is to stop paying for your tenants’ utilities. There was a time when including utilities was common, but that is no longer the case. Make tenants responsible for their own gas, water, electricity, sewage, and other utility bills.
Want to make the most out of your rental property? Read the blog post “8 Solid Ways to Maximize Your Rental Income” for more tips.
Want to make the most out of your rental property? Read the blog post “8 Solid Ways to Maximize Your Rental Income” for more tips.
Did you know there are many tax breaks you may be eligible for as the owner of a rental property? Taking advantage of deductions is one way rental property owners can boost their rental income.
Get more tips like this in our blog post, “8 Solid Ways to Maximize Your Rental Income.”
Get more tips like this in our blog post, “8 Solid Ways to Maximize Your Rental Income.”
Murphy’s Law tells us that anything that can go wrong, will go wrong. It’s no different when you’re renting out your property. A home warranty for landlords covers home systems and appliances when they eventually break down, giving you and your tenants peace of mind, and removing headaches associated with having to take care of things yourself.
For more helpful suggestions like this, read the blog post “8 Solid Ways to Maximize Your Rental Income.”
For more helpful suggestions like this, read the blog post “8 Solid Ways to Maximize Your Rental Income.”
When disaster strikes, the last thing on your mind might be filing a claim with your insurance company. However, moving that to the top of your to-do list can be very beneficial.
Learn why timely reporting of claims is so important in this blog post, “Benefits of Timely Claims Reporting.”
Learn why timely reporting of claims is so important in this blog post, “Benefits of Timely Claims Reporting.”
Did you know that failure to report claims in a timely manner can affect your coverage? Most policies contain time limits and specific procedures to follow for repair work. If you don’t follow them, you may be denied coverage.
Learn more about the importance of timely claim filing in this blog post, “Benefits of Timely Claims Reporting.”
Learn more about the importance of timely claim filing in this blog post, “Benefits of Timely Claims Reporting.”
When an accident or property damage occurs, you may hesitate to file an insurance claim. But filing a timely claim can give you peace of mind knowing your experienced insurance agent can help you navigate the situation and become a trusted advocate during a difficult time.
Learn more about the importance of timely claim filing in this blog post, “Benefits of Timely Claims Reporting.”
Learn more about the importance of timely claim filing in this blog post, “Benefits of Timely Claims Reporting.”
Filing an insurance claim as soon as possible after an incident at your rental property that causes damage or injury should be near the top of any emergency plan. Timely filing can set in motion actions that will help you recover more quickly.
Read the blog post “Benefits of Timely Claims Reporting” for more tips and information to help you contain the damage from an insured incident.
Read the blog post “Benefits of Timely Claims Reporting” for more tips and information to help you contain the damage from an insured incident.
If you’re like most people, you probably just tuck your insurance policies in a drawer when they arrive in the mail. People often don’t read their policies until they need to make a claim, and by then, it’s too late. Understanding the key components of your insurance policy can help you be sure you have the protection you need.
Read the blog post “The Anatomy of an Insurance Policy” to understand key insurance terms and how to read your policy.
Read the blog post “The Anatomy of an Insurance Policy” to understand key insurance terms and how to read your policy.
Liability is your legal obligation or responsibility for injuries or damages to another person. For example, if you fail to repair a leaky roof, you can be held liable for damage to a tenants’ property. Or, if a tenant trips on a broken sidewalk, you can be responsible for medical bills.
Read the blog post “The Anatomy of an Insurance Policy” to understand key insurance terms and how to read your policy.
Read the blog post “The Anatomy of an Insurance Policy” to understand key insurance terms and how to read your policy.
A deductible is the portion of covered services you pay out of pocket before the insurance company pays the remainder of the claim. For example, let’s say your building sustains damage in a storm. If your policy has a deductible of $2,000, and the insurance adjuster values your loss at $2,500, the insurer will pay you $500.
Read the blog post “The Anatomy of an Insurance Policy” to understand key insurance terms and how to read your policy.
Read the blog post “The Anatomy of an Insurance Policy” to understand key insurance terms and how to read your policy.
Insurance can be confusing. Your policy may contain endorsements, conditions, and exclusions, but what does it all mean? At Millers Mutual, we understand how important it is for you to understand the insurance policies your rental business needs. Together with your trusted insurance agent, we can answer all your insurance questions and help you find the right coverage.
Read the blog post “The Anatomy of an Insurance Policy” to understand key insurance terms and how to read your policy.
Read the blog post “The Anatomy of an Insurance Policy” to understand key insurance terms and how to read your policy.
Do you know the difference between insuring property at actual cash value and replacement cost? If not, you might not have the coverage you need in the event of a loss.
Learn more about this and other insurance concerns for multifamily housing and rental dwelling properties.
Learn more about this and other insurance concerns for multifamily housing and rental dwelling properties.
If new laws come into play after your original property was built, it may cost you more to repair your property to bring it up to code.
Are you insured properly for that?
Are you insured properly for that?
Hard insurance markets present many challenges for insurance agents. And because the last significant hard market was in 2001, these are uncharted waters for many.
Learn strategies to help you talk to clients, work with underwriters, and navigate through these challenging times.
Learn strategies to help you talk to clients, work with underwriters, and navigate through these challenging times.
Pressure to produce. Long hours. Difficult conversations. Hard insurance markets present many challenges for insurance agents.
Millers Mutual’s got you covered with a list of best practices for selling in today’s hard insurance market.
Millers Mutual’s got you covered with a list of best practices for selling in today’s hard insurance market.
Hard insurance markets present many challenges for insurance agents, but agents with a deep understanding of the market and close carrier relationships are best suited to help navigate insureds through the process.
Each fall, before the weather gets too cold, turn off outside faucets and in-ground irrigation systems to prevent freezing and bursting when the temperature dips.
Periodically verify that all fire extinguishers are inspected and in proper order. Make sure they’re accessible and review their proper use.
Before a hurricane hits, be sure all drains are clear of debris that can cause a water backup.
Every time a property owner/manager hires an outside contractor for services such as landscaping, snow and ice removal or pool maintenance, there is the potential for third-party litigation resulting from the contractor’s work.
Be sure your contractors have proper insurance coverage by obtaining a certificate of insurance.
Be sure your contractors have proper insurance coverage by obtaining a certificate of insurance.
GFCIs are electronic devices designed to shut off power when they detect a common type of electrical shock hazard called a ground-fault.
A simple visual check of the pipes and fitting at the top of your water heater could reveal signs of corrosion. If you can see corrosion at the connection between the steel and copper fittings, this could be an indication that galvanic corrosion is occurring.
Property owners and residents alike can take steps to prepare for hurricanes and windstorms.
Every year, property is damaged due to grilling negligence. Always paying attention to a lit grill is the first step in preventing these accidents.
As a property owner, it’s your responsibility to make sure the building is safe. Take the time each spring to look for roof or window damage that can cause leaks.
Considering roof-mounted solar panels? Be aware they may impact how firefighters deal with a fire in your building. A detailed pre-emergency plan covering a fire situation in those buildings should be developed and reviewed, as appropriate, with the local fire brigade.
Property owners/managers can be held liable for wrongful acts committed by a contractor even though the owner/manager may have no direct fault for the act. Having a Certificate of Insurance for every contractor can help reduce your liability.
As snow melts along the roof of a home or building, it may refreeze along the eaves of the roof to form a ridge of ice, known as an ice dam. These can cause serious damage. Prevention is key.
As summer approaches, test your air conditioning system. The first hot day is the worst day to find out it’s not working!
Building Lifecycle (Builders Risk)
Whether you plan to replace appliances, upgrade a bathroom, or knock down a wall in your rental unit, you must balance the costs with the potential returns. With a range of design and cost options for any renovation, the key is to make choices that will not only improve your property, but will also increase its value.
Read the blog post “Five Things to Consider When Renovating a Rental Property” before diving in to your next project.
Read the blog post “Five Things to Consider When Renovating a Rental Property” before diving in to your next project.
When you are planning a renovation project, timing is important. Try to plan renovations on your property in between tenants (but prepare in advance for the vacancy and consequent loss of income). And be sure your project schedule won’t leave you with a vacancy during the winter months when re-renting is difficult!
Getting ready to renovate a rental property due to an insurable event? A businessowners policy, or BOP, may help replace the income lost when you are forced to repair or renovate your property after a fire or other insured event. Understand what coverage is available before you need it so you’re prepared before disaster strikes.
Read the blog post “Five Things to Consider When Renovating a Rental Property” fore more tips before starting your next renovation project.
Read the blog post “Five Things to Consider When Renovating a Rental Property” fore more tips before starting your next renovation project.
Are you getting ready to renovate? You waited for one tenant to move out before planning a renovation project on that unit, but what about your other tenants? It may not be practical to wait for all four units in the building to be vacant before calling in the contractors for some much-needed updates. In most cases, updating one unit at a time is easiest and most economical. Notify tenants before the work starts about any disruptions they may face.
Read the blog post “Five Things to Consider When Renovating a Rental Property” fore more tips before starting your next renovation project.
Read the blog post “Five Things to Consider When Renovating a Rental Property” fore more tips before starting your next renovation project.
Any time you bring outside contractors onto your property, you are assuming additional liabilities. Confirm that the contractors you hire are insured and verify their coverage before the project begins. You may also want to check with your insurance agent to confirm whether the coverage on your policy is adequate to the situation. What happens if the contractor is injured? Who is responsible for protecting your tenants from injury? Are your liabilities covered in the event a visitor to the property or a stranger walking by is injured due to your renovation project?
Read the blog post “Five Things to Consider When Renovating a Rental Property” fore more tips before starting your next renovation project.
Read the blog post “Five Things to Consider When Renovating a Rental Property” fore more tips before starting your next renovation project.
When a large multifamily housing or commercial property construction project begins, there’s a lot to think about. Typically, throughout each stage of your new building’s life, customers need a different type of insurance. Needless to say, things can get complicated. So, we’ve developed a product to make things a bit simpler. Building Lifecycle (Builders Risk) allows them to obtain ONE policy for the entire lifecycle of their building.
Throughout each stage of a new building’s life, different types of insurance coverage are needed. With a combined policy, juggling those needs doesn’t have to be so complicated.
From ground-breaking until construction wraps, your building needs coverage. The Building Lifecycle (Builders Risk) product combines multiple policies into one, making complicated coverage simpler.
Our Building Lifecycle (Builders Risk) policy combines multiple policies into one including Business Income with Extra Expense, Equipment Breakdown and General Liability.
Businessowners Policy (BOP)
You know you need coverage for your property in case of a fire or severe storm damage. But what other risks do you face? Understanding your potential liabilities and what your policy covers is essential.
Read the blog post “Rental Property Business Insurance Basics” to learn more about some common risks rental property owners face.
Read the blog post “Rental Property Business Insurance Basics” to learn more about some common risks rental property owners face.
A businessowners policy (BOP) is a great first step in getting coverage for your rental property. It combines three areas of coverage into one simpler, more economical package, including property, business interruption, and liability. But is it enough?
Read the blog post “Rental Property Business Insurance Basics” to learn more about some common risks rental property owners face.
Read the blog post “Rental Property Business Insurance Basics” to learn more about some common risks rental property owners face.
What does a BOP cover? First and foremost, it covers the most valuable part of your business: the property you own. It can also cover business-related items stored on or near your property. And because BOPs also include business interruption and liability coverage, it’s an essential policy for most rental property owners.
Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.
Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.
If one of your rental units was damaged and uninhabitable for several months, your business–and your income–would be interrupted. A businessowners policy (BOP) can offer protection in the event a unit is damaged by a covered incident and provide coverage for a portion of your income while repairs are made.
Read the blog post “Rental Property Business Insurance Basics” to learn more about how a BOP can help you protect your rental property business.
Read the blog post “Rental Property Business Insurance Basics” to learn more about how a BOP can help you protect your rental property business.
What happens if a tenant, a neighbor, or visitor is injured on your rental property? How about if your tenant’s personal items were damaged due to a water leak? How would you pay for medical care and legal fees of injured parties? A businessowners policy includes liability coverage, which can offer you protection if you are held responsible for injury to others or damage to someone’s property.
Read the blog post “Rental Property Business Insurance Basics” to learn more about how a BOP can help protect your rental property business.
Read the blog post “Rental Property Business Insurance Basics” to learn more about how a BOP can help protect your rental property business.
A businessowners policy is a valuable piece of protection for any rental property business because it includes property, business interruption, and liability protection. But your business likely faces other risks that fall outside of BOP coverage. To help mitigate them, you’ll want to consider other coverages.
Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.
Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.
The market value is how much you could sell your property for, while the insured value is how much it would cost to rebuild your property. Often, the market value is higher than the insurance value of a property, although with inflation climbing that trend could turn around. With record inflation, the cost of everything, including the materials you need to repair your home after a covered loss, is skyrocketing.
Talk to your agent to find out if your home is properly insured in the event you have to rebuild during these turbulent times, and read the blog post “Why Adjust Building Value for Inflation?” to learn more.
Talk to your agent to find out if your home is properly insured in the event you have to rebuild during these turbulent times, and read the blog post “Why Adjust Building Value for Inflation?” to learn more.
The underwriters of your property insurance use the value of your property to calculate the amount of coverage you should need and the cost of your premiums. They also use the property valuation to set policy limits based on their best estimates of what it would cost to rebuild your property if it were a total loss. Understanding the difference and how rising inflation could affect you if you need to rebuild is critical.
Read the blog post “Why Adjust Building Value for Inflation?” to learn more.
Read the blog post “Why Adjust Building Value for Inflation?” to learn more.
If your property is a total loss after a devastating storm, you’ll turn to your insurance for coverage. However, factoring in today’s inflation rate, it might cost you 15% to 30% more than its insured value to rebuild your rental property. That additional cost would become your out-of-pocket expense. You might also have to factor in additional lost revenue due to supply chain issues that could turn a six-month building project into a yearlong event. Are you prepared?
Read the blog post “Why Adjust Building Value for Inflation?” to understand what’s happening with skyrocketing repair costs.
Read the blog post “Why Adjust Building Value for Inflation?” to understand what’s happening with skyrocketing repair costs.
Landlords have a responsibility for providing “habitable housing” for their tenants, which at its most basic means the property is free of obvious hazards, has heat and running water, is structurally sound to protect from weather conditions, is free of mold, bugs, and other health hazards, meets basic sanitary standards, and is reasonably secure. The actual definition can vary by state and be interpreted differently by courts.
Read the blog post “What Is Your Landlord Liability if a Tenant Is Injured?” to learn more about your risks and how to protect yourself.
Read the blog post “What Is Your Landlord Liability if a Tenant Is Injured?” to learn more about your risks and how to protect yourself.
If a personal injury results from a hazardous condition on your property, you could be held liable, even if the condition is temporary. If you’re aware of a hazardous condition but don’t resolve it timely, your risk increases. You also have a responsibility to warn tenants of an existing hazard if repairs will take time.
Read the blog post “What Is Your Landlord Liability if a Tenant Is Injured?” to learn more about your responsibilities as a landlord and the risks you face while renting out your property.
Read the blog post “What Is Your Landlord Liability if a Tenant Is Injured?” to learn more about your responsibilities as a landlord and the risks you face while renting out your property.
A businessowners policy, or BOP, offers liability, business interruption, and property – for less than the cost of each separately. You can also increase limits and add coverages to a BOP for a customized solution.
Though we are focused on a challenging class of business to write, our knowledge of the multifamily housing space allows us to adequately assess and prepare for that risk. We take the time to learn from property owners and managers, acquiring more insight used to develop product enhancements our customers need.
What is building ordinance and law coverage? And do you need it?
Your property might be insured for replacement cost, but if new laws come into play after your original property was built, it may cost you more to repair your property to bring it up to code. Some policies exclude the increased cost of construction due to new laws or city ordinances. Check with your Millers Mutual insurance agent today to make sure you’re covered.
What are the benefits of insuring your dwelling rental property on a businessowners policy (BOP) v. a dwelling fire policy? One of the main benefits is having a $1,000,000 liability limit on your property v. a typical $300,000 limit on a dwelling fire policy. Another benefit with a BOP is providing separation between your businessowners policy and your personal homeowners policy. Should someone sue, having your business on a BOP instead of a dwelling fire provides you added protection.
As a property owner of multifamily housing or dwelling rental properties, do you know what insurance coverages are suggested for your situation? We do and we can help you to ask your agent the right questions to get what you need.
Insuring your dwelling rental property with a businessowners policy (BOP) rather than a dwelling fire policy has some benefits. We can help you understand the difference between these policies.
The industry standard for writing a dwelling is 3 units or more, whereas Millers will write a 1-unit dwelling.
As a business owner, there are many things to consider when it comes to insurance. Having appropriate coverage can save the day when a loss occurs.
Coverage for parking garages and lots are not included in standard BOPs. The Millers Mutual BOP can cover your parking area for an adjusted premium.
At Millers, we can include Real Estate and Property Managers on a primary basis, as long as they are performing duties on behalf of the named insured.
Commercial Umbrella
If you own a rental property, you need the right insurance to protect your investment and that income. A businessowners policy can cover damage to your property due to a weather event, fire, or other covered incident, and a commercial umbrella policy provides an additional layer of protection for liability claims that exceed the limits of your general liability.
For more helpful suggestions like this, read the blog post “8 Solid Ways to Maximize Your Rental Income.”
For more helpful suggestions like this, read the blog post “8 Solid Ways to Maximize Your Rental Income.”
Your client’s insurance will most likely protect their company against a minor misfortune, but it may not give them the protection they need to survive a lawsuit—especially with lawsuits occurring at an alarming frequency. Consider commercial umbrella coverage.
One small mishap can carry a major price tag. Liability claims against your rental business can quickly exceed the value of your property and the cash you have on hand. An umbrella policy can back up your basic liability policy limits, offering you additional protection when you need it most.
Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.
Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.
Umbrella coverage provides affordable protection against catastrophic losses by picking up where your other policies leave off.
If you are responsible for damages that exceed the limits of your primary policy, commercial umbrella coverage can cover the rest.
Commercial umbrella insurance, also known as excess liability insurance, picks up when your primary policy hits its limit.
Without Umbrella coverage, you are responsible for damages that exceed the limits of your primary policy.
Data Response & Cyber Liability
Cybercriminals are on the hunt, and the personal information of your tenants is the target. You have a legal responsibility to keep this information safe, and if business files are breached, you could be facing significant fines and legal fees. Data response and cyber liability insurance can help.
Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.
Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.
As a landlord, you are a very attractive target for cybercriminals. These are the modern-day bank robbers who use technology to steal information. Once your information or your tenants’ is in their hands, they can sell it or use it to access bank accounts, real estate records, and more. Protecting your business is essential.
Read the blog post “Why Cybercriminals Target Landlords” to learn what’s at risk and how you can protect your business.
Read the blog post “Why Cybercriminals Target Landlords” to learn what’s at risk and how you can protect your business.
With only a few pieces of critical information, a cybercriminal can file paperwork that transfers property ownership to them. They can then refinance the mortgage, cash out equity, open a line of credit, and even list the house for sale!
Read the blog post “Why Cybercriminals Target Landlords” to learn more about what’s at stake when it comes to your property and the potential financial damage that can occur.
Read the blog post “Why Cybercriminals Target Landlords” to learn more about what’s at stake when it comes to your property and the potential financial damage that can occur.
If a cybercriminal gets your tenants’ personal information, such as Social Security numbers, addresses, and more, they can use it to impersonate them by applying for loans and credit cards, racking up many thousands of dollars in debt. Thieves can also sell this data on the dark web.
Read the blog post “Why Cybercriminals Target Landlords” to learn more about what you can do to protect your tenants and yourself.
Read the blog post “Why Cybercriminals Target Landlords” to learn more about what you can do to protect your tenants and yourself.
Think that you’re not a target for cybercriminals because you only have one rental property? Think again! Even renting out one unit makes you a business with access to sensitive data. You’re responsible to safeguard it, and you can be held liable if it’s stolen.
Read the blog post “Why Cybercriminals Target Landlords” to learn what you can do to protect your tenants’ valuable information.
Read the blog post “Why Cybercriminals Target Landlords” to learn what you can do to protect your tenants’ valuable information.
Details of your property ownership are easily discoverable online in public records. Periodically review these records to look for changes or signs someone has tampered with a deed, changed your mailing address, or attempted fraud. Also, scan your credit reports regularly to look for unauthorized activity.
For more tips on what you can do to protect yourself and your tenants, read the blog post “Why Cybercriminals Target Landlords.”
For more tips on what you can do to protect yourself and your tenants, read the blog post “Why Cybercriminals Target Landlords.”
Details of your property ownership are easily discoverable online in public records. Periodically review these records to look for changes or signs someone has tampered with a deed, changed your mailing address, or attempted fraud. Also, scan your credit reports regularly to look for unauthorized activity.
For more tips on what you can do to protect yourself and your tenants, read the blog post “Why Cybercriminals Target Landlords.”
For more tips on what you can do to protect yourself and your tenants, read the blog post “Why Cybercriminals Target Landlords.”
Because you possess sensitive personal information through your rental property business, you are a target for cybercriminals. Protect your risk and take steps to avoid financial disaster for you, your tenants, and your business by securing Data Response and Cyber Liability coverage.
Read the blog post “Why Cybercriminals Target Landlords” to learn more about your risks and how to protect yourself.
Read the blog post “Why Cybercriminals Target Landlords” to learn more about your risks and how to protect yourself.
The valuable information you collect from tenants can be a gold mine in the hands of cybercriminals. From Social Security numbers to address histories and so much more, criminals want the information you have.
Watch a quick video to learn what information is most at risk and get tips to minimize your risk.
Watch a quick video to learn what information is most at risk and get tips to minimize your risk.
If you own or manage rental properties, you have cyber risk. Regardless of the size of your rental property business, you possess personal information that can be stolen, lost, or otherwise compromised. And, while it might seem surprising, a BOP typically doesn’t protect from cyber-attacks and data breaches. At Millers, you can easily add data cyber coverage onto your BOP to eliminate this headache altogether.
When a data breach occurs, the average cost is $148 per record. It may not seem like a lot on its own, but the costs can add up. How many records do you maintain?
Large corporations often have higher cyber security budgets that allow them to be better protected and hackers know this. That could be why 58% of data breaches happen to small businesses.
Roughly 50% of small businesses have reported a data breach over the past year. Even more have reported being hit by a cyber attack.
Most businesses insure against risks like fire, liability or a burglary, however many have not purchased data response and cyber liability insurance. This can leave your business exposed to a major financial blow if your systems are breached.
Cyber security costs are a budget line item you cannot afford to skip. Make data response and cyber liability insurance part of your security plan so that in the case of breach, your risk is minimized.
More than half of the small businesses that experience a data breach close within 6 months. Without a cyber liability insurance policy to help cover the costs associated with a breach, how long would your business stay open?
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