Social Media Library

Social sharing for your agency

Social media posts at your fingertips

Help yourself to our library of posts designed to be shared on your agency’s platforms. Simply select a category below, download a graphic and copy the accompanying text provided. Or, feel free to use text of your own.
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.

https://millersmutualgroup.com/resources/blog/8-solid-ways-to-maximize-your-rental-income/

Apartment Building Insurance - Make Paying Rent Easy

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.”

https://millersmutualgroup.com/resources/blog/8-solid-ways-to-maximize-your-rental-income/

Apartment Building Insurance - Don't Pay For Utilities

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.

https://millersmutualgroup.com/resources/blog/8-solid-ways-to-maximize-your-rental-income/

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.”
https://millersmutualgroup.com/resources/blog/8-solid-ways-to-maximize-your-rental-income/

Apartment Building Insurance - Get a Home Warranty

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.”
https://millersmutualgroup.com/resources/blog/8-solid-ways-to-maximize-your-rental-income/

Apartment Building Insurance - File Claims Timely

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.”
https://millersmutualgroup.com/resources/blog/benefits-of-timely-claims-reporting-millers-mutual-insurance/

Apartment Building Insurance - Don't Delay

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.”
https://millersmutualgroup.com/resources/blog/benefits-of-timely-claims-reporting-millers-mutual-insurance/

Apartment Building Insurance - Don't Do It Alone

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.”

https://millersmutualgroup.com/resources/blog/benefits-of-timely-claims-reporting-millers-mutual-insurance/

Apartment Building Insurance - File Claims on Time

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.

https://millersmutualgroup.com/resources/blog/benefits-of-timely-claims-reporting-millers-mutual-insurance/

Apartment Building Insurance - Read Your Insurance Policy

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.

https://millersmutualgroup.com/resources/blog/the-anatomy-of-an-insurance-policy/

Apartment Building Insurance - What Is Liability

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.

https://millersmutualgroup.com/resources/blog/the-anatomy-of-an-insurance-policy/

Apartment Building Insurance - What is a Deductible

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.

https://millersmutualgroup.com/resources/blog/the-anatomy-of-an-insurance-policy/

Apartment Building Insurance - Confused by Cyber Insurance

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.

https://millersmutualgroup.com/resources/blog/the-anatomy-of-an-insurance-policy/

Apartment Buildings Insurance - How Should You Insure Your Property

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.
https://millersmutualgroup.com/resources/blog/questions-to-ask-your-insurance-agent/

Apartment Buildings Insurance - Code Changes Can Be Costly

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?
https://millersmutualgroup.com/resources/blog/questions-to-ask-your-insurance-agent/

Apartment Building - Navigate the Hard Insurance Market

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.
https://millersmutualgroup.com/resources/blog/5-strategies-for-agents-to-overcome-challenges-of-the-hard-insurance-market-2/

Apartment Building - Selling the Hard Insurance Market

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.
https://millersmutualgroup.com/resources/blog/5-strategies-for-agents-to-overcome-challenges-of-the-hard-insurance-market-2/

Apartment Building - Understand the 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.
https://millersmutualgroup.com/resources/blog/5-strategies-for-agents-to-overcome-challenges-of-the-hard-insurance-market-2/

Turn Off Outside Faucets

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.
https://millersmutualgroup.com/resources/blog/essential-fall-tasks-for-every-property-owner/

Inspect All Fire Extinguishers

Periodically verify that all fire extinguishers are inspected and in proper order. Make sure they’re accessible and review their proper use.
https://millersmutualgroup.com/products/apartment-building-insurance/

Clear All Drains and Gutters

Before a hurricane hits, be sure all drains are clear of debris that can cause a water backup.
https://millersmutualgroup.com/products/apartment-building-insurance/

Require a COI from All Contractors

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.
https://millersmutualgroup.com/products/apartment-building-insurance/

Install GFCI Outlets

GFCIs are electronic devices designed to shut off power when they detect a common type of electrical shock hazard called a ground-fault.
https://millersmutualgroup.com/products/apartment-building-insurance/

Check Your Water Heater Regularly

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.
https://millersmutualgroup.com/products/apartment-building-insurance/

Prepare for Severe Weather in Advance

Property owners and residents alike can take steps to prepare for hurricanes and windstorms.
https://millersmutualgroup.com/resources/blog/hurricane-and-windstorm-readiness/

Never Leave a Grill Unattended While In Use

Every year, property is damaged due to grilling negligence. Always paying attention to a lit grill is the first step in preventing these accidents.
https://millersmutualgroup.com/resources/blog/helpful-grilling-tips-for-your-mothers-day-celebration/

Inspect Your Property Regularly for Damage that Could Cause Leaks

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.
https://millersmutualgroup.com/products/apartment-building-insurance/

Understand the Impact Solar Panels Can Have on Your Building

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.
https://millersmutualgroup.com/products/apartment-building-insurance/

Obtain a Current COI from Every Contractor Who Works for You

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.
https://millersmutualgroup.com/products/apartment-building-insurance/

Use a Roof Rake to Clear Snow

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.
https://millersmutualgroup.com/resources/blog/the-best-time-to-win-the-war-against-ice-dams-is/

Check Your AC Unit Before the Summer Heat

As summer approaches, test your air conditioning system. The first hot day is the worst day to find out it’s not working!
https://millersmutualgroup.com/products/apartment-building-insurance/

Building Lifecycle (Builders Risk)
Building Lifecycle - Evaluate the ROI of Renovations

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.
https://millersmutualgroup.com/resources/blog/5-things-to-consider-when-renovating-a-rental-property/

Building Lifecycle - Timing Matters

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!

Read the blog post “Five Things to Consider When Renovating a Rental Property” for more tips before starting your next renovation project.
https://millersmutualgroup.com/resources/blog/5-things-to-consider-when-renovating-a-rental-property/

Building Lifecycle - A BOP May Replace Lost Income

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.
https://millersmutualgroup.com/resources/blog/5-things-to-consider-when-renovating-a-rental-property/

Building Lifecycle - Notify Tenants

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.
https://millersmutualgroup.com/resources/blog/5-things-to-consider-when-renovating-a-rental-property/

Building Lifecycle - Verify Contractors Are Insured

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.
https://millersmutualgroup.com/resources/blog/5-things-to-consider-when-renovating-a-rental-property/

Building Lifecycle (Builders Risk) - One Product for Your Building’s Lifecycle

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.
https://millersmutualgroup.com/products/building-lifecycle/

Millers Mutual - Building Lifecycle Combines Builders Risk, Inland Marine, and Businessowners Coverage

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.
https://millersmutualgroup.com/products/building-lifecycle/

Millers Mutual - One Product for the Life of Your Building

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.
https://millersmutualgroup.com/products/building-lifecycle/

Millers Mutual - Building Lifecycle (Builders Risk) from Millers Mutual

Our Building Lifecycle (Builders Risk) policy combines multiple policies into one including Business Income with Extra Expense, Equipment Breakdown and General Liability.
https://millersmutualgroup.com/products/building-lifecycle/

Businessowners Policy (BOP)
Businessowners Policy (BOP) - What Does Business Insurance Cover

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.
https://millersmutualgroup.com/resources/blog/rental-property-business-insurance-basics/

Businessowners Policy (BOP) - Is Your BOP Enough

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.

https://millersmutualgroup.com/resources/blog/rental-property-business-insurance-basics/

Businessowners Policy (BOP) - Protect Your Property With a BOP

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.

https://millersmutualgroup.com/resources/blog/rental-property-business-insurance-basics/

Businessowners Policy (BOP) - Get Business Insurance With a BOP

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.

https://millersmutualgroup.com/resources/blog/rental-property-business-insurance-basics/

Businessowners Policy (BOP) - Cover Your Liabilities

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.
https://millersmutualgroup.com/resources/blog/rental-property-business-insurance-basics/

Businessowners Policy (BOP) - What Coverage Do You Need

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.

https://millersmutualgroup.com/resources/blog/rental-property-business-insurance-basics/

Businessowners Policy (BOP) - Do You Have Enough Coverage

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.
https://millersmutualgroup.com/resources/blog/why-adjust-building-value-for-inflation/

Businessowners Policy (BOP) - What Is Property Valuation

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.
https://millersmutualgroup.com/resources/blog/why-adjust-building-value-for-inflation/

Businessowners Policy (BOP) - Are You Prepared for Inflation

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.
https://millersmutualgroup.com/resources/blog/why-adjust-building-value-for-inflation/

Businessowners Policy (BOP) - Is Your Rental Property Habitable

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.
https://millersmutualgroup.com/resources/blog/what-is-your-landlord-liability-if-a-tenant-is-injured/

Businessowners Policy (BOP) - Repair Hazardous Conditions ASAP

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.
https://millersmutualgroup.com/resources/blog/what-is-your-landlord-liability-if-a-tenant-is-injured/

Businessowners Policy - Consider a BOP

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.
https://millersmutualgroup.com/products/businessowners-policy-bop/

Businessowners Policy (BOP) - We Know Multifamily Housing

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.
https://millersmutualgroup.com/products/apartment-building-insurance/

Businessowners Policy (BOP) - Building Ordinance and Law Coverage

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.
https://millersmutualgroup.com/resources/blog/questions-to-ask-your-insurance-agent/

Businessowners Policy (BOP) - Bop vs Dwelling Fire Policy

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.
https://millersmutualgroup.com/resources/blog/questions-to-ask-your-insurance-agent/

Ask the Right Questions

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.
https://millersmutualgroup.com/resources/blog/questions-to-ask-your-insurance-agent/

Should You Choose a BOP

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.
https://millersmutualgroup.com/resources/blog/questions-to-ask-your-insurance-agent/

Social Media-Library-We-Love-Buildings-4-Stories-or-Fewer-

Do you own a building four stories or fewer? That’s right in our sweet spot!
https://millersmutualgroup.com/products/businessowners-policy-bop/

We Insure Buildings Down to One Unit

The industry standard for writing a dwelling is 3 units or more, whereas Millers will write a 1-unit dwelling.
https://millersmutualgroup.com/products/businessowners-policy-bop/

Protect Your Business with a BOP

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.
https://millersmutualgroup.com/products/businessowners-policy-bop/

Your Parking Garage or Lot Needs Coverage Too

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.
https://millersmutualgroup.com/products/businessowners-policy-bop/

Add a Property Manager to Your Policy

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.
https://millersmutualgroup.com/products/businessowners-policy-bop/

Commercial Umbrella
Commercial Umbrella - Protect Your Investment

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.”

https://millersmutualgroup.com/resources/blog/8-solid-ways-to-maximize-your-rental-income/

Commercial Umbrella - 40 Percent of Businesses Never Reopen after a Disaster

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.
https://millersmutualgroup.com/products/commercial-umbrella/

Commercial Umbrella - How Much is Enough

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.

https://millersmutualgroup.com/resources/blog/rental-property-business-insurance-basics/

Is Umbrella Coverage Right For You

Umbrella coverage provides affordable protection against catastrophic losses by picking up where your other policies leave off.
https://millersmutualgroup.com/products/commercial-umbrella/

A Commercial Umbrella Policy Covers Catastrophic Losses

If you are responsible for damages that exceed the limits of your primary policy, commercial umbrella coverage can cover the rest.
https://millersmutualgroup.com/products/commercial-umbrella/

Commercial Umbrella for the Biggest Losses

Commercial umbrella insurance, also known as excess liability insurance, picks up when your primary policy hits its limit.
https://millersmutualgroup.com/products/commercial-umbrella/

Protect Your Business From Large Losses

Without Umbrella coverage, you are responsible for damages that exceed the limits of your primary policy.
https://millersmutualgroup.com/products/commercial-umbrella/

Data Response & Cyber Liability
Data Response & Cyber Liability - Your Business is a Target

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.

https://millersmutualgroup.com/resources/blog/rental-property-business-insurance-basics/

Data Response & Cyber Liability - Don't Be a Target for Cybercriminals

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.
https://millersmutualgroup.com/resources/blog/why-cybercriminals-target-landlords/

Data Response & Cyber Liability - Can Cybercriminals Steal Your Property

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.
https://millersmutualgroup.com/resources/blog/why-cybercriminals-target-landlords/

Data Response & Cyber Liability - Protect Your Tenants Data

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.
https://millersmutualgroup.com/resources/blog/why-cybercriminals-target-landlords/

Data Response & Cyber Liability - You Are a Target

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.
https://millersmutualgroup.com/resources/blog/why-cybercriminals-target-landlords/

Data Response & Cyber Liability - Review Records and Credit Reprots

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.”
https://millersmutualgroup.com/resources/blog/why-cybercriminals-target-landlords/

Data Response & Cyber Liability - Protect Your Valuables

Secure your rental files and all information about your rental business, whether they are in paper form or electronic. Understand the steps you can take to protect data, then put them into action.

To learn more about how you can protect your valuables, read the blog post “Why Cybercriminals Target Landlords.”
https://millersmutualgroup.com/resources/blog/why-cybercriminals-target-landlords/

Data Response & Cyber Liability - Avoid Financial Disaster

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.
https://millersmutualgroup.com/resources/blog/why-cybercriminals-target-landlords/

Data Response & Cyber Liabilty - A Goldmine for Cyber Criminals

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.
https://millersmutualgroup.com/resources/blog/shareable-video-for-multifamily-housing-customers-cybersecurity-risks-for-landlords/

Data Response and Cyber Liability - Add Cyber Coverage to Your BOP

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.
https://millersmutualgroup.com/products/data-response-cyber-liability/

Data Breach Costs Can Add Up Fast

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?
https://millersmutualgroup.com/products/data-response-cyber-liability/

Small Does Not Equal Safe

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.
https://millersmutualgroup.com/products/commercial-umbrella/

Can Your Business Withstand a Cyber Data Breach

Roughly 50% of small businesses have reported a data breach over the past year. Even more have reported being hit by a cyber attack.
https://millersmutualgroup.com/products/commercial-umbrella/

A Cyber Breach is 2.5x More Costly that a Physical Burglary

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.
https://millersmutualgroup.com/products/data-response-cyber-liability/

75% of Small Businesses Have No Budget for Cyber Security

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.
https://millersmutualgroup.com/products/commercial-umbrella/

Would Your Business Survive?

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?
https://millersmutualgroup.com/products/commercial-umbrella/

Do You Have an Extra $36,000 Lying Around

The 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?
https://millersmutualgroup.com/products/data-response-cyber-liability/

Cyber Data Breaches are Expensive

A 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.
https://millersmutualgroup.com/products/commercial-umbrella/

Protect Your Business with Cyber Liability Insurance

Cyber liability insurance protects your business against costs associated with data breach response services, regulatory fines and penalties, website media liability and more.
https://millersmutualgroup.com/products/data-response-cyber-liability/

Would Your Business Survive an Interruption of Service?

If a cyber criminal attacks your business causing data loss or interruption of services, a cyber liability policy can help protect you financially.
https://millersmutualgroup.com/products/data-response-cyber-liability/

Is Cyber Protection in Your Budget

75% 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.
https://millersmutualgroup.com/products/data-response-cyber-liability/

Employment Practices Liability (EPL)
Employment Practices Liability - Landlords Need EPL

Employment 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.

https://millersmutualgroup.com/resources/blog/employment-practices-liability-and-you/

Employment Practices Liability - Can You Afford to Pay

If 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.

https://millersmutualgroup.com/resources/blog/employment-practices-liability-and-you/

Employment Practices Liability - Protect Against Claims

Employment 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.
https://millersmutualgroup.com/resources/blog/employment-practices-liability-and-you/

Employment Practices Liability - Defend Against Lawsuits

Have 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.

https://millersmutualgroup.com/resources/blog/rental-property-business-insurance-basics/

Employment Practices Liability - Defend Your Business With EPLI

No 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.
https://millersmutualgroup.com/resources/blog/rental-property-business-insurance-basics/

Employment Practices Liability - Consider EPL Insurance

This 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.
https://millersmutualgroup.com/products/employment-practices-liability-epl/

Follow HUD Guidelines to Avoid a Discrimination Lawsuit

When completing background checks on potential residents, follow the guidelines set forth by the Department of Housing and Urban Development to avoid a discrimination lawsuit.
https://millersmutualgroup.com/products/employment-practices-liability-epl/

Add Third Party EPLI

In 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.
https://millersmutualgroup.com/products/employment-practices-liability-epl/

Anyone Can Sue. Employees, Vendors, Even Residents

EPL Insurance can provide coverage for lawsuits filed by employees, vendors, customers, and even residents. Are you protected?
https://millersmutualgroup.com/products/employment-practices-liability-epl/

Secure EPL Insurance Coverage

No 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.
https://millersmutualgroup.com/products/employment-practices-liability-epl/

Implement a Zero Tolerance Policy

Avoid sexual harassment claims by implementing a zero tolerance policy and demonstrating accountability for all staff.
https://millersmutualgroup.com/products/employment-practices-liability-epl/

Protect Your Business From Expensive Legal Claims

Employment 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.
https://millersmutualgroup.com/products/employment-practices-liability-epl/

What Will You Do If an Employee Sues

Employees 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.
https://millersmutualgroup.com/products/employment-practices-liability-epl/

Train Your Employees to Avoid Lawsuits

Training your employees on the types of actions that could be deemed discrimination is an important step toward avoiding a lawsuit.
https://millersmutualgroup.com/products/employment-practices-liability-epl/

Protect Your Business with EPL Insurance

Liability 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.
https://millersmutualgroup.com/products/employment-practices-liability-epl/

Equipment Breakdown
Equipment Breakdown Coverage - Add Equipment Breakdown to Your BOP

When 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.

Equipment Breakdown Coverage - Don't Leave Your Tenants in the Dark

Your 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.

Equipment Breakdown Coverage - Consider Equipment Breakdown Coverage

If 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.

Equipment Breakdown Coverage - Keep Your Tenants Comfortable

Keep 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.

Equipment Breakdown Coverage - Equipment Breakdown Offers Financial Protection

Equipment 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.

Equipment Breakdown - Add Equipment Breakdown Coverage

Apartment 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.

Equipment Breakdown - Consider Equipment Breakdown Coverage

Wondering 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
All It Takes Is an Inch

One inch of water can cause more than $25,000 worth of damage to a home. Flood insurance may be right for you.
https://millersmutualgroup.com/products/flood-insurance/

Floods Can Happen Anywhere

Think 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.
https://millersmutualgroup.com/products/flood-insurance/

Know Your Flood Coverage

There 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.
https://millersmutualgroup.com/products/flood-insurance/

Yes, You Do Need Flood Insurance

Floods are the most common natural disaster and most standard insurance policies don’t cover flood damage.
https://millersmutualgroup.com/products/flood-insurance/

Floods are the Most Expensive Type of Natural Disaster

Many 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.
https://millersmutualgroup.com/products/flood-insurance/

Don't Risk It. Consider Flood Insurance

A 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!
https://millersmutualgroup.com/products/flood-insurance/

Do You Know What Your Flood Policy Covers

Commercial flood insurance covers more than just your physical building. Air conditioning equipment, furnaces, water heaters, and other building systems are generally included.
https://millersmutualgroup.com/products/flood-insurance/

Do You Think It Won't Happen to You?

Nearly 20% of all National Flood Insurance Program claims happen in low or moderate flood risk areas.
https://millersmutualgroup.com/products/flood-insurance/

Secure Proper Coverage

Make 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.
https://millersmutualgroup.com/products/flood-insurance/

For Millers
For Millers - We Zero In On Multifamily Housing

Where 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.
https://millersmutualgroup.com/become-an-agent/

For Millers - Reassurance When You Need It Most

In 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.
https://millersmutualgroup.com/become-an-agent/

For Millers - Holistic and Stable Coverage

At 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.
https://millersmutualgroup.com/become-an-agent/

For Millers - Devotion to Multifamily Housing

At 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.
https://millersmutualgroup.com/find-an-agent/

For Millers - Coverage You Can Depend On

Our 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.
https://millersmutualgroup.com/find-an-agent/

For Millers - Join Our Team

In 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!
https://millersmutualgroup.com/our-story/work-with-us/

For Millers - Targeting the Multifamily Housing Industry

Carriers 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.
https://millersmutualgroup.com/become-an-agent/

For Millers - Riverside Brokerage Services

Riverside 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.
https://millersmutualgroup.com/our-story/riverside-brokerage/

For Millers - Join Our Team - We Are Hiring

We 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!
https://millersmutualgroup.com/our-story/work-with-us/

Appointing Agents - We Understand Multifamily Property Concerns

Multifamily 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.
https://millersmutualgroup.com/resources/blog/top-8-insurance-coverages-for-multifamily-housing-and-rental-dwelling-property-owners

Appointing Agents - We have a Culture of Compassion

At 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.
https://millersmutualgroup.com/become-an-agent/

Appointing Agents - Today, Tomorrow, and for Years to Come

With 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.
https://millersmutualgroup.com/resources/blog/top-8-insurance-coverages-for-multifamily-housing-and-rental-dwelling-property-owners

Appointing Agents - Become a Millers Mutual Independent Agent

Your 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.
https://millersmutualgroup.com/become-an-agent/

Inflation and Hard Market
Inflation:Hard Market - Are You Protected Against Inflation

Your 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.

https://millersmutualgroup.com/resources/blog/can-your-insurance-keep-up-with-inflation

Inflation:Hard Market - Check Your Limits

When 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.

https://millersmutualgroup.com/resources/blog/can-your-insurance-keep-up-with-inflation/

Inflation:Hard Market - Don't Lose It All

When 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.

https://millersmutualgroup.com/inflation-hard-insurance-market-toolkit/

Inflation:Hard Market - Have Your Policy Limits Grown

If 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.

https://millersmutualgroup.com/inflation-hard-insurance-market-toolkit/

Inflation:Hard Market - Protect Against Rising Costs

Inflation 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.

Inflation:Hard Market - Can You Afford to Rebuild

Insuring 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.

https://millersmutualgroup.com/resources/blog/can-your-insurance-keep-up-with-inflation/

Commercial Umbrella - Protect Your Investment

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.”

https://millersmutualgroup.com/resources/blog/8-solid-ways-to-maximize-your-rental-income/

Commercial Umbrella - 40 Percent of Businesses Never Reopen after a Disaster

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.
https://millersmutualgroup.com/products/commercial-umbrella/

Commercial Umbrella - How Much is Enough

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.

https://millersmutualgroup.com/resources/blog/rental-property-business-insurance-basics/

Inflation Rising Property Values

When 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.

https://millersmutualgroup.com/inflation-hard-insurance-market-toolkit/

Millers Mutual Appetite
Millers Mutual Appetite - We Are Here Year After Year

Carriers 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. https://millersmutualgroup.com/resources/blog/offer-your-multifamily-housing-customers-relief-and-reassurance-with-niche-property-casualty-insurer/

Millers Mutual Appetite - More than a Century of Experience

Millers 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. https://millersmutualgroup.com/resources/blog/offer-your-multifamily-housing-customers-relief-and-reassurance-with-niche-property-casualty-insurer/

Millers Mutual Appetite - We Understand What it Takes

In 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.
https://millersmutualgroup.com/resources/blog/rental-property-claims-a-guide-to-prevention-and-mitigation/

Millers Mutual Appetite - We Don't Shy Away From Claims

Filing 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.
https://millersmutualgroup.com/resources/blog/rental-property-claims-a-guide-to-prevention-and-mitigation/

Millers Mutual Appetite - We Are Here to Stay

Tired 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!
https://millersmutualgroup.com/products/

Millers Mutual Appetite - We Are Focused on the Habitational Market

Agents rely on us because our singular commitment to the habitational market makes us reliable in both appetite and approach to pricing.
https://millersmutualgroup.com/products/

Millers Mutual Appetite - We Insure Apartment Buildings

We have deep expertise in insuring apartment buildings and rental properties.
https://millersmutualgroup.com/products/apartment-building-insurance/

Millers Mutual Appetite - We Insure Down to One Unit

Most carriers won’t insure rental dwellings smaller than three units, but Millers Mutual will!
https://millersmutualgroup.com/products/