MostTexasbusinesses purchase general liability insurance to protect the business against certain kinds of claims. These claims could include bodily injury and property damage. Professional Liability insurance, also called Errors and Omissions insurance, protects against a claim from a third party who suffers a financial loss because of services or actions.  Any individual or business in a profession that provides advice, expertise, recommendations, or a professional service to customers, clients, or another party, would benefit from Professional Liability insurance.
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Typically, professionals such as doctors, accountants, nurses, insurance agents, lawyers, and architects purchase Professional Liability insurance. However, if you have clients who are in the business of providing advice, opinions, or services, they should consider Professional Liability insurance.  Professionals who provide advice are expected to have knowledge or training in their particular area of expertise. They are also expected to perform the services for which they were hired according to the standards of conduct in their profession.  Businesses and individuals can be held legally responsible for any financial loss caused.

It’s important to note that almost all Professional Liability insurance policies are sold on a “claims-made” basis. This means that the insurance only covers work performed while the policy is in force, and for claims actually filed during the term of the policy. Professional Liability insurance is offered in many different forms that protect many kinds of firms.

If someone feels he or she has suffered loss or damages due to a professional service, often their next action is a lawsuit.  These kinds of actions can be costly and severely reduce a firm’s resources. Professional Liability insurance can help preserve assets and more importantly help preserve the firm’s reputation.

As an Independent Insurance Agency we represent many insurance companies to fit your businesses dynamic needs.  Whether you're a new business or a small business, we can help.   Being an Independent Agent means we are not only your agent, but we are your business insurance broker as well.  We understand every business and industry is unique, so we will work with you to find the best business insurance coverage at the lowest rate. Contact us today for a free quote. 

To say that your insurance policy is only as good as your agent is a bold statement.  You have also heard me say, that not all policies are created equal.  Just what do I mean by this?  The idea is that your agent is the most important part of your insurance program.  Here are three reasons why this is true:

1. Insurance companies only offer a policy, they do not design coverage.  On the other hand, independent agents can design coverage that is best for your specific needs.
2. Independent agents work for the client, not the insurer.
3. Experienced agents can help you identify and manage your risk, rather than sell you a policy.

The best way to ensure you are getting the best advice and value is to have a trusted relationship with an experienced agent.  Like any relationship, communication is the key.  A good agent will listen to the customer and offer risk and insurance solutions.  There are times when insurance is not the best solution.  Again, here are examples:

1. Contractual Risk Transfer – There are many ways to transfer your risk through a contract or agreement.  An example might be for products liability.  If you are distributing a product manufactured by another party you can transfer the product liability to them, rather than take that risk on.
2. Self-Insure – There are times when the risk may be such that you are better off self-insuring rather than spending a lot on an insurance policy with a super high deductible.  Sometimes, you can mitigate risk by putting risk control techniques in place to reduce or eliminate the risk all together.

Only an agent who is interested in your best interests would offer you options that included no insurance.  Rather than using any agent to get you an insurance quote, select a qualified independent agent who will collaborate with you and design a risk management program that meets your needs.
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Strive Insurance Group, Inc. is a full-service independent insurance agency that has been serving the insurance needs of the Dallas area since 1984 (formerly Gordon Lund Insurance). Don't worry, nothing has changed, but our name. In addition to having a presence in the Dallas and North Texas area, we have also expanded to Austin and Central Texas with agent representation and the same professional service.

Property managers deal with contracts every day, from management agreements and vendor arrangements to leases and maintenance services. These contracts define responsibilities, establish expectations, and help protect everyone involved.
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However, unclear or outdated contract language can create serious financial and legal problems. A contract dispute may lead to unpaid expenses, damaged client relationships, liability claims, or insurance coverage complications.

Here are three common contract issues property managers should address.

1. Unclear Responsibilities in Property Management Agreements
The property management agreement is one of the most important contracts in the business. It should clearly explain what the property manager is and is not responsible for doing.
Problems can arise when agreements use vague language regarding:

• Tenant screening and leasing
• Rent collection and late payments
• Property inspections
• Maintenance and emergency repairs
• Compliance with housing laws
• Security measures
• Handling tenant complaints
• Hiring and supervising contractors

For example, suppose a tenant is injured because a broken handrail was not repaired. The property owner may argue that the manager was responsible for regular inspections and repairs, while the manager may claim the owner failed to approve the necessary work.
If the agreement does not clearly assign those responsibilities, both parties could become involved in a costly dispute.
Property management agreements should establish the manager’s authority, spending limits, reporting responsibilities, and procedures for obtaining owner approval. They should also explain how emergency situations will be handled when the owner cannot be reached.

2. Weak Vendor and Contractor Agreements
Property managers frequently hire plumbers, electricians, landscapers, cleaning companies, security providers, and other contractors. Allowing a vendor to begin work without a strong written agreement can expose both the manager and the property owner to unnecessary risk.
Vendor contracts should clearly define:

• The scope of the work
• Project deadlines
• Payment terms
• Safety expectations
• Responsibility for permits and licenses
• Procedures for approving additional work
• Insurance requirements
• Indemnification responsibilities

A vendor should generally provide a current certificate of insurance before beginning work. Depending on the services being performed, appropriate coverage may include general liability, commercial auto, workers’ compensation, and professional liability insurance.
The contract may also require the property manager and property owner to be named as additional insureds on the vendor’s liability policy. However, simply requesting a certificate of insurance may not be enough. The contract, certificate, and policy endorsement should be reviewed to confirm that the requested protection is actually in place.

Without proper insurance and risk-transfer provisions, the property manager or owner could be drawn into a claim caused by a contractor’s work.

3. Indemnification and Insurance Language That Does Not Match
Indemnification clauses determine when one party must defend or reimburse another party following a loss. These provisions can be valuable, but they can also create significant exposure when they are overly broad, one-sided, or inconsistent with the company’s insurance coverage.

A property manager might unknowingly sign an agreement requiring it to accept responsibility for losses that would normally belong to the property owner or another contractor. The manager’s insurance policy may not cover every obligation assumed under the contract.

Insurance requirements can also create problems when they are copied from an old agreement or a generic template. A contract may require limits, endorsements, or types of insurance that a party does not carry. It might also use outdated terminology or request coverage that is unavailable in the current insurance market.

Before signing an agreement, property managers should confirm that:

• The indemnification provision is reasonable and legally enforceable.
• Insurance requirements reflect the actual risks involved.
• Required coverage limits are available and affordable.
• Additional-insured requirements are supported by proper endorsements.
• Contractual obligations are consistent with the company’s insurance policies.
• Notice and reporting requirements can realistically be followed.

An insurance agent can review the coverage requirements, but legal counsel should evaluate the contract’s legal language and enforceability.

How Property Managers Can Reduce Contract Risk
Contract risk cannot be eliminated, but it can be managed. Property managers should establish consistent procedures for reviewing, approving, storing, and renewing agreements.
Helpful practices include:

• Using contracts prepared or reviewed by qualified legal counsel
• Avoiding verbal agreements for important services
• Reviewing contracts before work begins
• Requiring current certificates of insurance from vendors
• Tracking insurance and license expiration dates
• Updating agreements when laws, services, or responsibilities change
• Keeping signed contracts, endorsements, and related documents together
• Reviewing contractual obligations with an experienced insurance professional

Protect Your Property Management Business
Contracts should help prevent disputes not create them. Clear responsibilities, properly insured vendors, and coordinated indemnification and insurance language can provide a stronger foundation for your property management operation.

At Strive Insurance Group, we help property managers evaluate their insurance programs and identify potential gaps created by contractual requirements. Contact us to discuss how general liability, professional liability, cyber insurance, crime coverage, workers’ compensation, and other policies can help protect your business.
 

The biotechnology industry continues to advance at remarkable speed. Artificial intelligence, gene editing, personalized medicine, advanced diagnostics, and new clinical-trial technologies are creating opportunities that would have seemed impossible only a few years ago.
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However, rapid innovation also creates legal and regulatory uncertainty. Biotech companies must protect intellectual property, meet evolving regulatory requirements, secure sensitive data, and manage contractual obligations—all while competing for funding and bringing products to market.

Here are five legal issues biotech companies should closely monitor in 2026 and 2027.

1. Regulatory Oversight of Artificial Intelligence
Artificial intelligence is being used throughout the biotech industry to identify drug candidates, analyze clinical data, improve manufacturing, and support regulatory submissions.
The legal challenge is establishing that an AI model is reliable, properly validated, and appropriate for its intended use.
The FDA’s current framework emphasizes risk-based credibility assessments when AI-generated data supports decisions about the safety, effectiveness, or quality of drugs and biological products. FDA and the European Medicines Agency have also outlined good AI practices involving data governance, documentation, human oversight, performance testing, and lifecycle management. FDA: Artificial Intelligence for Drug Development
Biotech companies using AI should be prepared to explain:

• Where training and validation data originated
• Whether the company has permission to use the data
• How bias and errors are detected
• Who is responsible for reviewing AI-generated results
• How model changes are documented
• Whether results can be reproduced and independently verified

Companies should avoid treating AI as an isolated technology project. Its use should be incorporated into regulatory, legal, quality-control, and risk-management programs.

2. Protecting Intellectual Property and Trade Secrets
A biotech company’s value often depends heavily on its intellectual property. Patents may protect compounds, therapies, processes, platforms, diagnostic methods, and manufacturing techniques. Trade secrets may cover formulas, research data, algorithms, laboratory methods, and development strategies.
AI-assisted research is making inventorship and ownership more complicated. Companies must be able to document the contributions of human researchers and establish clear ownership of discoveries created with the assistance of AI tools.
The USPTO has continued to address the treatment of AI-assisted inventions, while maintaining the importance of human inventorship. Biotech companies should keep detailed records showing how researchers conceived, directed, evaluated, and refined an invention.
Trade-secret protection is equally important. Risks may arise when employees leave, research partners gain access to confidential information, or data is shared with contract research organizations and technology vendors.
Companies should review:

• Employee confidentiality agreements
• Invention-assignment provisions
• Nondisclosure agreements
• Laboratory-access controls
• AI-platform terms of use
• Data-sharing agreements
• Joint-development and licensing contracts
• Procedures for departing employees

A company that cannot demonstrate reasonable efforts to protect confidential information may have difficulty enforcing its trade-secret rights

3. Data Privacy and Cybersecurity
Biotech organizations collect and store some of the most sensitive information available, including genetic data, medical histories, clinical trial results, biomarker data, and personally identifiable information.
A cybersecurity incident can lead to regulatory investigations, lawsuits, intellectual-property loss, clinical disruption, reputational damage, and notification expenses.
Compliance may involve several overlapping laws, depending on the company’s operations and location. These may include HIPAA, state consumer privacy laws, genetic privacy statutes, breach notification requirements, international data protection rules, and contractual obligations imposed by research partners.
Companies should understand:

• What personal and research data they collect
• Where the information is stored
• Who has access to it
• How long it is retained
• Whether participants provided appropriate consent
• Which third parties receive the data
• How a breach will be detected and reported

Cybersecurity should extend beyond the company’s internal network. Cloud providers, laboratories, software vendors, clinical research organizations, and other partners may create additional exposure.

4. Clinical-Trial Compliance and Participant Protection
Clinical trials are becoming more decentralized and technology-driven. Wearable devices, remote monitoring, electronic consent, AI-based analysis, and real-time reporting can make trials more efficient, but they also introduce new legal responsibilities.
The FDA has recently advanced initiatives involving real-time clinical trials and technology-supported evidence collection. These developments increase the need for dependable systems, accurate data, and clearly assigned responsibilities. FDA: Real-Time Clinical Trials
Potential problems include:

• Inadequate informed consent
• Failure to protect participant privacy
• Inaccurate or incomplete trial data
• Undisclosed conflicts of interest
• Improper recruitment practices
• Unequal participant selection
• Failure to report adverse events
• Unclear responsibility among sponsors, investigators, and vendors

Contracts with clinical sites and research organizations should clearly define data ownership, reporting obligations, regulatory responsibilities, indemnification, insurance requirements, and procedures for responding to adverse events.

5. Product Liability and Insurance Requirements
Even when a biotech company follows regulatory requirements, it may still face allegations that a product caused injury, failed to perform as represented, or was accompanied by inadequate instructions or warnings.
Claims can arise during research, clinical testing, manufacturing, distribution, or after a product reaches the market. Legal costs can become substantial even when the allegations are ultimately unsuccessful.
Biotech companies should evaluate whether they need:

• General liability insurance
• Products and completed-operations coverage
• Clinical-trial liability insurance
• Errors and omissions or professional liability insurance
• Cyber liability insurance
• Directors and officers liability insurance
• Employment practices liability insurance
• Property and equipment coverage
• Pollution or environmental liability insurance
• Crime and intellectual-property protection

Contractual insurance requirements should also be reviewed carefully. Agreements with investors, landlords, research institutions, manufacturers, and clinical partners may require specific limits, endorsements, or indemnification obligations that are not automatically covered by a standard policy.

Preparing for the Risks Ahead
The legal environment for biotech companies will continue to change throughout 2026 and 2027. Businesses should not wait for a lawsuit, data breach, regulatory inquiry, or clinical setback before reviewing their risk-management programs.

A proactive approach should include regular legal reviews, strong documentation, carefully drafted contracts, vendor oversight, cybersecurity planning, intellectual property controls, and insurance coverage tailored to the company’s actual operations.

At Strive Insurance Group, we understand that biotech companies face risks that extend far beyond those of a traditional business. We can help evaluate your insurance program, identify potential coverage gaps, and develop protection that evolves with your research, funding, clinical trials, and commercialization plans.
 

Texas continues to attract new residents, businesses, and real estate investment. While this growth creates opportunities for property managers, it also brings rising costs, changing tenant expectations, legal responsibilities, and greater competition.
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Today’s property managers must do far more than collect rent and coordinate repairs. They must protect property values, control expenses, maintain positive tenant relationships, supervise vendors, and keep owners informed.
Here are six of the leading concerns facing Texas property managers.

1. Rising Maintenance and Operating Costs
The cost of maintaining Texas properties continues to increase. Labor, construction materials, HVAC equipment, plumbing repairs, landscaping, utilities, and vendor services can all place pressure on operating budgets.
Texas weather makes maintenance especially challenging. Extreme heat can strain air-conditioning systems, while hail, wind, freezes, hurricanes, flooding, and severe thunderstorms can cause significant property damage.
Property managers should consider:

• Establishing a preventative maintenance schedule
• Inspecting roofs, drainage systems, plumbing, and HVAC equipment
• Developing relationships with dependable contractors
• Maintaining an emergency repair fund
• Obtaining multiple bids for major projects
• Tracking recurring repairs to identify larger problems
• Reviewing maintenance expenses with owners regularly

Preventative maintenance may require an upfront investment, but it can help avoid emergency repairs, tenant complaints, and property deterioration.

2. Staying Compliant With Texas Landlord-Tenant Laws
Texas property managers must comply with state and federal laws involving leases, security deposits, repairs, evictions, tenant privacy, fair housing, and other rental practices.
Under the Texas Property Code, landlords have responsibilities regarding conditions that materially affect the physical health or safety of an ordinary tenant. The law also establishes procedures for repair requests and remedies for potential tenants. Texas Property Code, Chapter 92
Mistakes can occur when managers:

• Use outdated lease documents
• Fail to document repair requests
• Mishandle security deposits
• Apply lease requirements inconsistently
• Enter rental units without following the lease
• Impose fees that are not clearly authorized
• Begin an eviction without following the required process
• Respond improperly to accommodation requests

Property managers should use current forms, maintain detailed records, and obtain legal advice when handling complicated tenant or lease issues.

3. Tenant Screening, Collections, and Evictions
Finding dependable tenants remains one of the most important parts of property management. A poor screening decision can result in unpaid rent, property damage, complaints, or eviction expenses.
Screening standards should be written, objective, consistently applied, and compliant with fair housing and consumer reporting laws. Decisions should not be based on assumptions about an applicant or protected characteristics.
A sound screening process may include:

• Verifying identity
• Reviewing income and employment
• Checking rental history
• Obtaining authorized credit and background reports
• Contacting prior landlords
• Evaluating whether the applicant satisfies written rental criteria

When tenants fall behind, early communication can sometimes prevent a larger problem. Payment arrangements, notices, and lease-enforcement decisions should be documented.
Texas also enacted laws in 2025 addressing fraudulent claims of tenancy and the removal of unauthorized occupants. Even with these changes, property managers should follow the proper legal process instead of attempting informal lockouts or removing belongings without authority. Office of the Texas Governor: Laws Addressing Squatters

4. Communication With Owners and Tenants
Many property management disputes begin with poor communication rather than a major operational failure.
Owners want to understand occupancy, rent collection, expenses, repairs, claims, and the overall condition of their properties. Tenants want timely responses, clear instructions, and accurate information.
Property managers can improve communication by:

• Establishing expected response times
• Offering an online portal for payments and service requests
• Providing owners with consistent financial reports
• Documenting important phone conversations
• Sending written follow-ups after major decisions
• Notifying tenants before scheduled work
• Explaining delays instead of leaving tenants uninformed
• Creating procedures for emergency and after-hours calls

Property managers should also be careful when using text messages, email, and social media. Informal communication can become evidence in a legal dispute. Employees should communicate professionally and avoid making promises the company or property owner cannot keep.

5. Finding and Managing Qualified Employees and Vendors
A property management company is only as dependable as the people who respond to tenants and maintain its properties. Recruiting and retaining qualified managers, leasing professionals, maintenance employees, and contractors can be difficult.
Property managers must also confirm that vendors are properly licensed when required and capable of completing work safely.
Before hiring a contractor, managers should consider verifying:

• Business references
• Professional licenses
• Experience with similar properties
• Pricing and payment terms
• Background-check procedures
• Safety practices
• Insurance coverage
• Ability to respond after hours

Every important project should have a written scope of work. The agreement should explain responsibilities, costs, deadlines, change-order procedures, cleanup expectations, warranties, and responsibility for damage.
Property managers should also monitor vendor performance. A certificate of insurance or signed contract does not guarantee that the contractor will perform quality work.

6. Weather, Insurance, and Emergency Preparedness
Property managers cannot control Texas weather, but they can prepare for it.
Severe storms, hail, extreme heat, hurricanes, flooding, wildfires, and winter freezes can damage buildings, disrupt utilities, displace tenants, and necessitate costly repairs. Flooding is particularly important because standard property policies generally do not include flood insurance.
A strong emergency plan should address:

• Tenant and owner communication
• Emergency contact information
• Vendor availability
• Water shutoff procedures
• Backup power and lighting
• Protecting vacant properties
• Documenting property conditions
• Temporary relocation procedures
• Claim reporting
• Record and data backup

Insurance policies should also be reviewed for replacement-cost provisions, deductibles, wind-and-hail limitations, flood exclusions, loss-of-income coverage, ordinance-or-law coverage, equipment breakdown coverage, and water-damage restrictions. The Texas Department of Insurance recommends comparing replacement-cost and actual-cash-value coverage and considering protection for lost business income. Texas Department of Insurance: Commercial Property Coverage

A Successful Property Manager Must Manage the Entire Risk
The most effective Texas property managers do more than react to problems. They develop systems that help prevent them.
Clear leases, consistent tenant screening, preventative maintenance, dependable vendors, accurate documentation, strong communication, emergency planning, and appropriate insurance all contribute to better-performing properties.

At Strive Insurance Group, we understand the challenges facing property managers and real estate owners. We can help evaluate property, liability, cyber, crime, employment practices, equipment breakdown, and other insurance concerns as part of a broader risk-management strategy designed around your properties and operations.
 

Medical professionals dedicate their careers to caring for patients, improving lives, and delivering quality healthcare. While patient care is the primary focus, protecting the medical practice itself is equally important. From liability claims and cyber threats to property damage and employee injuries, medical offices face a variety of risks that can threaten financial stability.

At Strive Insurance Group, we work with medical offices to develop comprehensive insurance programs designed to protect their practice, employees, and reputation.
Here are five essential coverages every medical office should consider.
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1. Professional Liability Insurance
Professional liability insurance, often referred to as medical malpractice insurance, is one of the most important coverages for healthcare providers.
Even highly skilled professionals can face allegations of negligence, misdiagnosis, treatment errors, or failure to meet a standard of care. Defending these claims can be costly, even when the provider has done nothing wrong.
Professional liability insurance helps cover:

• Legal defense costs
• Settlements and judgments
• Expert witness expenses
• Court related fees

For most medical offices, this coverage is the foundation of their insurance program.

2. General Liability Insurance
General liability insurance protects your practice against claims involving bodily injury or property damage that occur on your premises.
Examples include:

• A patient slipping in the waiting room
• A visitor injured in a parking lot
• Damage to another person's property

General liability coverage helps pay for medical expenses, legal defense costs, and settlements associated with these claims.

3. Commercial Property Insurance
Medical offices rely on expensive equipment, furniture, computers, and office space to serve patients.
Property insurance helps protect your investment from losses caused by:

• Fire
• Theft
• Vandalism
• Windstorms
• Certain water related events

Coverage can include the building, tenant improvements, medical equipment, computers, and office contents.
Without proper property insurance, a major loss could disrupt operations and create significant financial hardship.

4. Cyber Liability Insurance
Healthcare organizations are prime targets for cybercriminals due to the sensitive information they store.
Medical offices routinely handle:

• Patient records
• Social Security numbers
• Insurance information
• Payment data
• Electronic health records

A cyberattack or data breach can lead to regulatory investigations, notification expenses, legal costs, and reputational damage.
Cyber liability insurance helps cover:

• Data breach response
• Ransomware attacks
• Regulatory defense expenses
• Data recovery costs
• Business interruption losses

As healthcare becomes more digital, cyber protection is becoming increasingly important.

5. Workers Compensation Insurance
Your employees are essential to the success of your medical office. Workers compensation insurance helps protect both your staff and your business if an employee is injured while performing job related duties.
Common injuries can include:

• Lifting related injuries
• Slips and falls
• Repetitive motion injuries
• Exposure related incidents

Workers compensation helps cover medical expenses, lost wages, and rehabilitation costs while protecting the practice from certain employee lawsuits.

Why a Comprehensive Insurance Strategy Matters
Many medical offices focus on one or two coverages while overlooking other critical exposures. A comprehensive insurance program should address property risks, liability concerns, employee protection, cyber threats, and professional responsibilities.

At Strive Insurance Group, we help medical offices evaluate their unique exposures and design customized insurance programs that support long term success.

Protect Your Practice with Confidence
Your patients depend on you every day. Having the right insurance coverage helps ensure your practice can continue serving them even when unexpected challenges arise.
Whether you operate a primary care practice, specialty clinic, dental office, physical therapy center, or medical group, the right protection can make all the difference.

Contact Strive Insurance Group today to review your medical office insurance program and ensure your practice has the coverage it needs.

​Older commercial buildings offer character, history, and often prime locations that newer properties cannot match. Whether you own an office building, retail center, apartment complex, or mixed use property, older structures can be excellent investments. However, they also present unique insurance and risk management challenges.
As an experienced insurance and risk advisor, I often see property owners underestimate the risks associated with aging buildings. The good news is that with proper planning, maintenance, and insurance coverage, owners can protect their investment and avoid costly surprises.
At Strive Insurance Group, we help commercial property owners develop insurance strategies specifically designed for older buildings.
Understand the True Replacement Cost
One of the biggest mistakes owners make is insuring an older building based on market value rather than replacement cost.
The market value of a building may be significantly lower than the cost to rebuild it after a loss. Older structures often contain unique architectural features, specialized materials, and construction methods that are expensive to replicate.
A professional replacement cost analysis can help ensure your building is insured properly and reduce the risk of underinsurance.
Invest in Preventative Maintenance
Insurance carriers look favorably on well maintained buildings. Proactive maintenance not only reduces losses but can also improve insurability.
Focus on regularly inspecting:

• Roof systems
• Plumbing systems
• Electrical wiring
• HVAC equipment
• Fire protection systems
• Foundations and structural components

Many losses involving older buildings stem from deferred maintenance rather than sudden events.
Upgrade Critical Building Systems
One of the most effective ways to improve insurance options is to modernize aging infrastructure.
Insurance carriers pay close attention to:

• Electrical systems
• Plumbing
• Heating systems
• Fire alarms
• Sprinkler systems

Updating these components can reduce the likelihood of fire, water damage, and equipment related claims while making your property more attractive to insurers.
Purchase Ordinance and Law Coverage
Building codes change over time. If an older building experiences significant damage, local regulations may require portions of the property to be rebuilt to current standards.
These upgrades can be expensive and are often not covered under a standard property policy.
Ordinance and law coverage helps pay for demolition costs, code upgrades, and rebuilding expenses required by current regulations.
For owners of older buildings, this coverage is often essential.
Protect Against Water Damage
Water damage remains one of the most common claims involving older properties.
Aging pipes, deteriorating plumbing systems, and outdated drainage systems increase the risk of costly losses.
Property owners should consider:

• Water leak detection systems
• Regular plumbing inspections
• Sewer backup coverage
• Enhanced water damage endorsements

These measures can help prevent significant losses and reduce downtime for tenants.
Carry Adequate Loss of Income Coverage
If a fire or major loss forces tenants to vacate, rental income can disappear overnight.
Many property owners focus heavily on rebuilding coverage but overlook the importance of business income protection.
Loss of income coverage helps replace rental revenue while repairs are being completed, helping maintain cash flow during difficult periods.
Review Liability Limits Carefully
Older buildings may create additional liability concerns due to stairs, sidewalks, elevators, parking lots, and other aging infrastructure.
Property owners should review:

• General liability limits
• Umbrella liability coverage
• Tenant and contractor agreements
• Property management responsibilities

Adequate liability protection is a critical component of any risk management strategy.
Work with an Experienced Insurance Advisor
Not all insurance programs are designed for older commercial properties. Many require specialized underwriting, detailed inspections, and customized coverage solutions.
At Strive Insurance Group, we help property owners:

• Evaluate replacement costs
• Identify coverage gaps
• Improve risk management practices
• Structure comprehensive property insurance programs
• Protect rental income and long term asset value

Protecting the Value of Your Investment
Older commercial buildings can be valuable assets, but they require a thoughtful insurance and risk management approach. Proper valuations, preventative maintenance, code upgrade protection, and strong liability coverage can make a significant difference when a loss occurs.
The best insurance strategy is one that anticipates challenges before they become claims.
Contact Strive Insurance Group today for a comprehensive review of your older commercial building insurance program and learn how we can help protect your investment for years to come

The biotechnology industry continues to be one of the most innovative sectors in the global economy. From groundbreaking therapies and medical devices to advanced diagnostics and life science research, biotech companies are pushing the boundaries of science. Unfortunately, they are also facing rising commercial insurance costs in 2026.
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Many biotech executives are asking the same question: Why are premiums increasing, and what can we do to control costs?

As a risk management and insurance professional who works with life science and biotech firms, I believe understanding the causes behind these increases is the first step toward managing them effectively.

Why Are Biotech Insurance Premiums Increasing?
Several factors are driving higher insurance costs across the biotech sector.

Increased Product Liability Exposure
As biotech companies move products from research and development into clinical trials and commercialization, liability risks increase significantly.
Insurance carriers are seeing larger claims involving:

• Medical devices
• Pharmaceutical products
• Gene therapies
• Diagnostic technologies
• Clinical trial participants

Even a single adverse event can result in substantial legal expenses, settlements, and reputational damage. As claim severity increases, insurers adjust premiums accordingly.

Rising Litigation Costs
Lawsuits are becoming more expensive across all industries, and biotech is no exception.
Higher attorney fees, larger jury verdicts, and increasing settlement amounts have caused insurance companies to reevaluate pricing models. Carriers are building these rising costs into their premiums to maintain profitability.

Growing Cyber Threats
Biotech firms possess highly valuable information, including:

• Proprietary research
• Clinical trial data
• Intellectual property
• Patient information
• Regulatory filings

Cybercriminals recognize the value of this data. Ransomware attacks and data breaches targeting life science organizations continue to increase, resulting in higher cyber liability insurance costs.

Regulatory Pressure
Regulatory agencies continue to expand oversight and compliance requirements. Any regulatory action, investigation, or compliance failure can lead to significant defense costs and financial loss.
Insurers are carefully evaluating regulatory exposure when underwriting biotech companies, particularly those involved in clinical trials, manufacturing, and international operations.

Reinsurance Market Challenges
Insurance companies purchase their own insurance through the reinsurance market. Global catastrophe losses, economic uncertainty, and large liability claims have increased reinsurance costs, which are often passed down to policyholders through higher premiums.

What Biotech Companies Can Do to Control Insurance Costs
While market conditions may be challenging, there are several steps biotech firms can take to improve their risk profile and potentially reduce insurance costs.

Strengthen Risk Management Programs
Insurance carriers reward organizations that actively manage risk.
Focus on:

• Formal safety procedures
• Clinical trial oversight
• Documentation and quality control
• Employee training
• Incident reporting processes

Companies with strong risk management practices are often viewed more favorably during underwriting.

Invest in Cybersecurity
Cyber liability insurers are paying close attention to cybersecurity controls.
Key improvements include:

• Multi factor authentication
• Endpoint detection and monitoring
• Employee cybersecurity training
• Data backup procedures
• Incident response planning

Better cyber controls can improve insurability and may help reduce premiums.

Review Insurance Limits Carefully
Many biotech firms carry outdated limits that may not reflect their current operations. Others may purchase limits that are either insufficient or unnecessarily high.
An annual insurance review can help align coverage with actual exposures while eliminating inefficiencies.

Improve Contractual Risk Transfer
Contracts with suppliers, research partners, manufacturers, and vendors should clearly define responsibilities and indemnification obligations.
Proper risk transfer can reduce exposure and improve how underwriters evaluate your business.

Work with a Specialized Insurance Advisor
Biotech is not a standard industry. Companies need advisors who understand clinical trials, intellectual property concerns, regulatory challenges, product liability exposures, and life science operations.
A specialist can help negotiate with carriers, identify coverage gaps, and present your company in the strongest possible light during underwriting.

The Importance of Looking Beyond Price
Many biotech firms respond to rising premiums by shopping for the lowest cost policy. While this may reduce short term expenses, it can create significant coverage gaps.
The cheapest policy may exclude critical exposures such as:

• Clinical trials
• Product liability
• Regulatory investigations
• Intellectual property related claims
• Cyber incidents

The goal should not be finding the cheapest insurance. The goal should be finding the best value and protection for your specific risk profile.

How Strive Insurance Group Can Help
At Strive Insurance Group, we understand the unique challenges facing biotechnology and life science companies. We work closely with clients to identify exposures, strengthen risk management practices, and build insurance programs designed to support innovation and growth.
Our team helps biotech firms:

• Evaluate emerging risks
• Structure comprehensive insurance programs
• Improve underwriting outcomes
• Control long term insurance costs
• Protect investors, intellectual property, and operations

Insurance premiums for biotech companies are likely to remain under pressure throughout 2026 due to rising litigation, cyber threats, regulatory complexity, and product liability exposures. However, companies that proactively manage risk can position themselves for better pricing, stronger coverage, and greater long term stability.
The best strategy is not simply reducing premiums. It is reducing risk.
If your biotech company has not reviewed its insurance and risk management program recently, now is the time.

Contact Strive Insurance Group today to learn how we can help your biotech organization manage risk, strengthen protection, and navigate the evolving insurance market with confidence.

Owning commercial property can be a strong long term investment, but it also comes with significant responsibility and risk. From property damage and liability claims to rising operating costs and tenant issues, commercial property owners face many exposures that can impact profitability and asset value.
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At Strive Insurance Group, we help commercial property owners reduce risk and strengthen their protection strategies. Here are three important risk management tips that can help protect your property and improve long term stability.

1. Prioritize Preventative Maintenance
One of the most effective ways to reduce claims is through consistent preventative maintenance. Small problems such as roof leaks, plumbing issues, or faulty electrical systems can quickly become major losses if ignored.
Regular inspections and maintenance help:

• Reduce costly property damage
• Improve tenant safety
• Extend the life of building systems
• Lower the likelihood of insurance claims

Documenting inspections and repairs is also important because it demonstrates proactive management and can help during claims situations.

2. Strengthen Liability Protection and Safety Procedures
Slip and fall accidents, poor lighting, damaged walkways, and security concerns are common sources of liability claims for commercial property owners. Even a minor incident can result in expensive lawsuits and legal expenses.
To reduce liability exposure:

• Keep walkways and parking areas well maintained
• Install proper lighting and security systems
• Address hazards immediately
• Train maintenance staff on safety procedures

Strong general liability and umbrella insurance coverage should also be part of your overall risk management strategy.

3. Review Insurance Coverage Regularly
Commercial property risks change over time. Construction costs increase, tenants change, and new exposures develop. Many property owners make the mistake of renewing policies year after year without reviewing limits, exclusions, or coverage gaps.
A regular insurance review helps ensure:

• Property values reflect current replacement costs
• Loss of rent coverage is adequate
• Liability limits match your exposure
• Emerging risks are addressed properly

At Strive Insurance Group, we work with commercial property owners to build customized insurance and risk management programs designed to protect both the property and the long term financial health of the investment.

Protecting Your Investment Starts with Smart Planning
Risk management is not just about responding to losses. It is about preventing problems before they happen and building a strategy that supports long term success.
Contact Strive Insurance Group today to review your commercial property insurance and risk management plan.

Insurance is more than just purchasing a policy. It is about protecting your business, your assets, and your future. While online quotes and automated systems may provide pricing quickly, experienced insurance agents provide something far more valuable: guidance, strategy, and long-term protection.
At Strive Insurance Group, we believe a strong insurance agent plays a critical role in the overall risk management process.

Understanding Your Unique Risks
Every business and individual faces different exposures. An experienced insurance agent takes the time to understand your operations, property, liability concerns, and future goals before recommending coverage.

Identifying Coverage Gaps
Many businesses discover coverage gaps only after a loss occurs. Insurance agents help identify areas where protection may be missing and recommend solutions that fit your needs.

Helping Reduce Long Term Risk
Insurance agents do more than place policies. They help clients improve safety practices, reduce claims, and strengthen risk management strategies that may lower costs over time.

Providing Claims Support and Advocacy
When a claim happens, having an experienced agent matters. Your agent can help guide you through the process, communicate with carriers, and advocate on your behalf during stressful situations.

Building a Long Term Partnership
A good insurance program evolves as your business changes. At Strive Insurance Group, we work closely with our clients to review coverage regularly and adjust protection as operations grow and risks change.
The right insurance agent brings experience, insight, and proactive support that goes far beyond the policy itself.

Contact Strive Insurance Group today to learn how we can help strengthen your insurance and risk management strategy.