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As an extension to the property management services
provided by Greystar, the National Risk
Management Team is able to provide a full complement
of services to support our client’s risk-management needs. Clients know that
they can rely on our experience and expertise to help them identify exposures
and mitigate risks that could potentially affect their financial outcome. These
services, usually performed by an in-house risk person or group, would include
insurance review and placement, claims management and loss control. Brief
overviews of these services are as follows:
INSURANCE REVIEW AND COMPARISON:
Greystar Risk
Management will review current insurance coverage or new proposals and will
develop a thorough proposal comparison to provide our clients with a
professional analysis/comparison of the risk management and insurance options
available.
We offer programs for all lines of insurance and can
provide coverage for any Greystar related partnership and entities as well as
for the owner of any project where Greystar provides management services. The
programs are offered in conjunction with the superior property management and
asset services to Greystar clients. Each project must be scheduled with the risk
management group in order for coverage to be in effect.
LOAN LANGUAGE REVIEW:
Provide review of insurance and indemnity language from loan
documents. We encourage all parties involved in negotiating agreements to
forward the documents to us for review before they are signed, giving us the
opportunity to make recommendations about the transfer of risk.
CLAIMS:
We will
work closely with clients when a claim arises, reporting claims and negotiating
with the insurer to ensure a timely resolution. Should coverage disputes arise,
our team of claims specialists stands ready to advocate on behalf of our
clients.
LOSS CONTROL:
Our in-house loss control specialist evaluates workplace safety
and recommends proactive steps that clients can take to mitigate exposure,
reduce losses and potentially lower premiums.
MARKETING:
Greystar Risk
Management coordinates its insurance marketing strategy with nationally
recognized insurance brokers, as well as standard companies, regional brokers
and Excess & Surplus Lines brokers for specialty placements. Coverage is
placed with both domestic and international underwriters to provide the highest
level of coverage. Greystar compares the policy forms with industry standards
and assists in preparing manuscript policies where standard forms are not
adequate.
ACCOUNT MANAGEMENT:
Greystar Risk
Management will provide our clients with periodic information on pertinent
insurance market developments, loss control mechanisms and suggestions, as well
as recommendations and revisions to internal risk programs. Our insured clients
will also receive claims management reports and analysis if requested. Greystar
Risk Management works closely together to ensure adherence to common goals and
objectives relative to insured accounts.
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