OnMarket Insurance Associates

Traditional insurance policies are struggling to keep pace with climate risks, business interruptions, and unpredictable disasters. But parametric insurance, where payouts are triggered by real-time data instead of loss assessments, is changing the game. Industries from real estate to renewable energy are now using this fast, flexible insurance model to ensure they get paid when it matters most. Learn how parametric insurance is reshaping risk management and why businesses are turning to this innovative solution. #ParametricInsurance #RiskManagement #CommercialInsurance

If your home or investment property is owned by an LLC or trust, your homeowners insurance policy may be putting you at risk. Insurers require that the named insured on a policy match the legal owner of the property—if it doesn’t, a claim could be denied when you need it most. Insurance companies are tightening their policies, and homeowners caught unaware have faced six-figure losses after discovering too late that their coverage didn’t protect their LLC or trust. Learn why misalignment between property deeds and insurance policies can lead to disaster, and what you need to do today to ensure your home or investment is fully protected. #HomeInsurance #LLCProperty #EstatePlanning https://lnkd.in/g5Z3kPsR

Jury awards exceeding $10 million—known as ‘nuclear verdicts’—are reshaping commercial insurance, driving up costs for businesses in trucking, healthcare, and construction. In 2023 alone, these verdicts surged by 27%, with some topping $100 million. Fueled by shifting jury attitudes, aggressive plaintiff strategies, and a booming litigation funding industry, insurers are reacting with premium hikes and tougher underwriting. The result? Small trucking firms shutting down, hospitals struggling with malpractice costs, and construction firms seeing liability coverage climb to record levels. Can legislative reforms and risk management solutions reverse the tide, or is this the new normal? Explore how businesses are adapting and what’s at stake. #NuclearVerdicts #BusinessLiability #CommercialInsurance

Many businesses assume their insurance policies provide sufficient protection, but outdated valuations, evolving risks, and inflation-driven costs can leave significant gaps. Studies show that 75% of small businesses are underinsured, which can result in financial shortfalls when disaster strikes. From rising construction costs to supply chain delays, ensuring your coverage is up to date is more critical than ever. Learn how to assess your coverage and avoid costly surprises. #BusinessInsurance #RiskManagement #FinancialSecurity https://lnkd.in/gW5PhXFP

The economic pressures of 2025—rising repair costs, severe weather events, and supply chain disruptions—are forcing businesses to rethink their approach to insurance and risk management. Higher premiums and stricter underwriting call for proactive measures, such as updating property valuations, reassessing coverage limits, and investing in risk mitigation strategies to reduce exposure. Explore practical steps businesses can take to protect their operations and maintain financial stability in the face of ongoing challenges. #RiskManagement #CommercialInsurance #FinancialPlanning

Reconstruction after a disaster often comes with the challenge of meeting updated building codes, which can significantly increase costs. Ordinance or law insurance helps property owners handle these unexpected expenses, from demolishing undamaged portions of a building to upgrading structures to meet current standards. Whether it’s a hurricane requiring stronger roofing materials or a fire triggering mandatory safety upgrades, compliance costs can quickly overwhelm standard property insurance. Learn how this specialized coverage bridges the gap and protects property owners from financial surprises during reconstruction. #CommercialInsurance #PropertyOwners #BuildingCodeCompliance

From our family to yours, warmest wishes for a joyous holiday season and a prosperous year ahead. Thank you for your trust and partnership—here’s to continued success and new opportunities in the coming year. ??

The holiday season brings opportunities for increased revenue but also heightened risks. However, this busy period also brings challenges that require thoughtful planning. Seasonal decorations, while adding charm, can pose fire risks if not managed properly. Temporary staff, often critical during this time, may lack the training needed to avoid accidents or liabilities. Smart preparation is key to turning these challenges into manageable aspects of a successful season. Reviewing insurance policies to account for increased inventory, ensuring liability coverage extends to seasonal hires, and proactively addressing weather risks can help protect revenue and maintain operations. With the right planning, property owners can embrace the opportunities of the holidays without unnecessary setbacks. #CommercialInsurance #HolidayPreparation #PropertyManagement

Revenue disruptions caused by fires, hurricanes, or unexpected events often hit property owners harder than the physical damage itself. Loss of rent insurance addresses this problem by compensating for rental income lost while properties undergo repairs. This essential tool ensures investors can meet loan payments, manage operational expenses, and maintain financial stability during challenging times. From apartment complexes recovering from hurricanes to smart buildings dealing with cyberattacks, tailored policies show how real estate owners can recover without jeopardizing tenant relationships or long-term returns. The examples in this article highlight how anticipating the financial impact of disruptions is as important as physical repairs. Loss of rent insurance provides a way to keep cash flow steady, even in the most unexpected situations. #CommercialRealEstate #PropertyIncome #InsuranceInsights

This Thanksgiving, we’re grateful for the opportunity to serve and be a part of our incredible community. Whether you're a client, a partner, or someone we’ve met along the way, we truly appreciate the trust and support you've shown. Together, we’re building stronger, safer futures. Wishing you all a wonderful holiday filled with joy, gratitude, and quality time with loved ones. ????