Risk Management on Commercial Real Estate Insurance with Bryan Shimeall

Listen to the Episode (32:53)

Brian Shimeall helps companies achieve their risk management objectives by delivering customized solutions to mitigate their risk. His organization provides a consultative approach to risk management, which reduces the total cost of risk through the proper placement of their resources, products, and services.

[00:01] – [08:03] Opening Segment

Let’s get to know Bryan Shimeall
Brian talks about the trajectory of the CRE insurance industry

[08:04] – [21:12] Risk Management on CRE Insurance

Strategies for Investors with the current trajectory of the CRE insurance industry
How the insurance industry works
Insurance premiums on various properties
How assault and battery claims affect property owners

[21:13] – [27:06] Risk and Rate Increase mitigation

Approaching Property owners with a large portfolio
Significant increases upon renewals of policies
Renewal of insurance policies
Bryan talks about where all the rate increases in the insurance industry go
Present rate increase mitigation

[27:07] – [32:31] Closing Segment

Bryan’s advice to investors seeking to get insurance for their recent acquisitions
- Know everything about the property
How He stays on top of his game
His way to make the world a better place
How to reach out to Bryan – links below
Final words

Tweetable Quotes:

“If you have a property with claims that have been paid out, then there’s going to be significant increases that are incurred upon renewal.” – Brian Shimeall

“You need some leverage in this market, you need some knowledge.” – Brian Shimeall

“The insurance industry is a bit like a slow-moving stock market.” – Brian Shimeall

Resources Mentioned: