Your risks are constantly changing due to quick technology development, developing litigation concerns, a worldwide market, and rising product demand. We can better meet your specific needs thanks to our ground-breaking all-lines solution and expertise in risk engineering and claims.

Because medical technology is advancing so quickly, it is essential to insure your products and equipment against the hazards that they pose. We have been assisting businesses with obtaining distinctive product liability insurance coverage for more than ten years, and we can assist you.

You are subject to claims from third parties for bodily harm or damage to their property at any time because of your operations, your rendered operations (services), or your goods. This coverage covers, on your behalf, for the cost of defense and judgments that result from incidents that occur during your business (subject to policy terms and conditions).

Medical device product liability insurance is intended to assist your company in covering third-party claims of property damage or physical injury. You could be held accountable if a blood pressure cuff malfunctions and causes harm to someone or if an exam light malfunctions and causes a fire.
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Insurance for general and product liability insurance should be insured, in addition, we provide coverage for.

• Inland Marine
• Product Recall
• Hired/Non-Owned Auto
• Cyber Liability
• Additional Insureds
• Occurrence Limits

In the life sciences industry, we know you have to innovate to stay ahead. Companies in the industry compete and strive to be the first to develop new drugs, supplements, medical devices, and technologies that promote better health. Let us put together a specialized Life Sciences Insurance solution that minimizes loss potential and protect your bottom line.
 

Commercial property managers have a crucial role in overseeing the operations and maintenance of various business properties. Their responsibilities encompass everything from tenant management to property upkeep. With so much at stake, it is imperative for commercial property managers to safeguard their investments through comprehensive insurance coverage. In this article, we will explore the significance of insurance for commercial property managers and how it helps protect their assets and mitigate potential risks.
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Property Insurance
Commercial property insurance serves as the backbone of any risk management strategy for property managers. This type of insurance provides coverage for physical assets such as buildings, structures, and equipment against a range of perils, including fire, vandalism, theft, and natural disasters. It is essential for property managers to assess the value of their properties accurately and obtain adequate insurance coverage to protect against potential losses.

Liability Insurance
Liability insurance is another critical component of an insurance portfolio for commercial property managers. It protects against claims made by third parties for bodily injury, property damage, or personal injury that occurs on the property under management. With multiple tenants, employees, and visitors accessing the premises, the potential for accidents or incidents increases. Liability insurance provides financial protection and covers legal costs in the event of lawsuits, helping property managers handle unexpected claims without significant financial strain.

Worker's Compensation Insurance
Commercial property managers often employ staff to handle various tasks related to property maintenance, repairs, and security. In such cases, it is vital to have worker's compensation insurance to protect employees in the event of work-related injuries or illnesses. Worker's compensation coverage provides medical benefits, disability income, and rehabilitation support to employees who suffer job-related injuries, thereby reducing the legal and financial liabilities for property managers.

Business Interruption Insurance
Unforeseen events such as fires, floods, or natural disasters can disrupt business operations and cause financial losses for both property managers and tenants. Business interruption insurance helps mitigate these losses by providing coverage for lost rental income and additional expenses incurred during the period of restoration. This type of insurance ensures that property managers can continue to meet their financial obligations while repairing the property and getting it back to a functional state.
 
Cyber Insurance
In today's digital age, commercial property managers are increasingly reliant on technology to manage their operations efficiently. From tenant data to financial records, sensitive information is stored electronically, making them vulnerable to cyber threats such as data breaches, ransomware attacks, or identity theft. Cyber insurance offers protection against these risks by covering expenses related to data breaches, legal fees, and reputational damages. Having cyber insurance safeguards both the property manager's business and the confidential information of their tenants.

Insurance is an indispensable tool for commercial property managers to protect their investments, mitigate risks, and ensure the smooth functioning of their properties. From property and liability insurance to worker's compensation and cyber insurance, a comprehensive insurance portfolio addresses various potential risks that property managers face in their day-to-day operations. By obtaining the right insurance coverage, property managers can secure their assets, provide a safe environment for tenants, and protect themselves from unexpected financial burdens. Prioritizing insurance is not just a smart business decision; it is a crucial step towards long-term success in the commercial property management industry.

Strive Insurance Group, Inc. (formerly Gordon Lund Insurance Agency, Inc) is an independent insurance agency representing many insurance companies.  This means that we quote with many different insurance companies to obtain the best rate and coverage for your insurance.  We do this at no additional fee or service charge to you.  Our insurance agency's reputation for representing the best insurance companies, providing excellent customer service and competitive pricing to our clients has been earned and proven for over 30 years.  We take great pride in finding you the best coverage and backing it up with prompt personal service.  

Commercial realtors play a pivotal role in the dynamic and ever-evolving world of real estate. They navigate complex transactions, negotiate deals, and provide valuable expertise to their clients. However, like any business, commercial real estate ventures come with their own set of risks and uncertainties. That's where insurance steps in, offering comprehensive coverage to protect commercial realtors from potential financial and legal pitfalls. In this article, we will explore the importance of insurance for commercial realtors and the key types of coverage they should consider.
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Professional Liability Insurance
Also known as errors and omissions (E&O) insurance, professional liability insurance is essential for commercial realtors. It provides coverage against claims arising from errors, omissions, negligence, or failure to perform professional duties effectively. Given the high-stakes nature of commercial real estate transactions, even a minor mistake or miscommunication can lead to substantial financial losses for clients. Professional liability insurance safeguards commercial realtors against potential lawsuits, legal expenses, and damages resulting from such claims.

General Liability Insurance
General liability insurance is fundamental for any business, including commercial realtors. It protects against third-party claims for bodily injury, property damage, or personal injury that occur on your premises or as a result of your business operations. For instance, if a client or visitor slips and falls in your office, general liability insurance would cover the medical expenses and any resulting lawsuits. It provides peace of mind, allowing you to focus on your core business activities without worrying about unexpected accidents or mishaps.

Property Insurance
Commercial realtors typically handle valuable properties, whether it's their own office space or properties they are brokering. Property insurance covers the physical assets, including the building, office contents, furniture, equipment, and signage, against risks such as fire, theft, vandalism, or natural disasters. As commercial realtors often have a substantial investment in their office space, property insurance ensures that they can recover swiftly from any unforeseen events and continue operations seamlessly.

Cyber Liability Insurance
In today's digital age, commercial realtors heavily rely on technology and online platforms to manage their operations and store sensitive client data. Cyber liability insurance protects against data breaches, network security failures, and other cyber-related risks. A single security breach can expose confidential client information, leading to financial loss and reputational damage. Cyber liability insurance offers coverage for legal expenses, data recovery, notification costs, and potential liability arising from cyber incidents.

Business Interruption Insurance
Business interruption insurance is crucial for commercial realtors, providing coverage for income loss and additional expenses in the event of a covered peril that disrupts normal business operations. This could include situations such as a fire, flood, or other incidents that render your office space temporarily unusable. Business interruption insurance helps cover ongoing expenses like rent, payroll, and utilities during the restoration period, ensuring that your business can recover smoothly without suffering significant financial setbacks.
Insurance plays a vital role in mitigating the risks and uncertainties faced by commercial realtors. The comprehensive coverage provided by various insurance types, including professional liability, general liability, property, cyber liability, and business interruption insurance, safeguards commercial realtors against potential financial and legal pitfalls.

Strive Insurance Group, Inc. (formerly Gordon Lund Insurance Agency, Inc) is an independent insurance agency representing many insurance companies.  This means that we quote with many different insurance companies to obtain the best rate and coverage for your insurance.  We do this at no additional fee or service charge to you.  Our insurance agency's reputation for representing the best insurance companies, providing excellent customer service and competitive pricing to our clients has been earned and proven for over 30 years.  We take great pride in finding you the best coverage and backing it up with prompt personal service.  

As a landlord, you understand the significance of protecting your investment. Owning a rental property comes with its fair share of risks, ranging from property damage to liability claims. In such circumstances, having comprehensive building insurance can provide you with peace of mind and financial security.

Safeguarding Your Property:
Your rental property is a valuable asset that needs protection. Building or property insurance covers the structure itself, including walls, roofs, floors, and permanent fixtures against a range of risks such as fire, natural disasters, vandalism, and theft. In the unfortunate event of damage or destruction, insurance will help you recover financially, ensuring that you can rebuild or repair your property without incurring significant out-of-pocket expenses.

Liability Coverage:
One of the primary reasons for having building insurance as a landlord is to protect yourself from potential liability claims. Accidents happen, and if a tenant or visitor sustains an injury on your property, you could be held legally responsible. Building insurance typically includes liability coverage, which can help cover legal fees, medical expenses, and potential settlements resulting from such claims. Without insurance, you may find yourself facing substantial financial burdens and legal complications.

Loss of Rental Income:
When unexpected events, such as a fire or severe damage, render your property uninhabitable, you not only have to deal with the cost of repairs but also face the loss of rental income during the restoration period. Building insurance often includes coverage for loss of rental income, compensating you for the income you would have received from tenants if they were able to occupy the property. This coverage can be a crucial lifeline, enabling you to meet your financial obligations and maintain your investment's cash flow even when unforeseen circumstances arise.
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Additional Coverages:
Building insurance policies often provide additional coverage options that can be tailored to your specific needs as a landlord. These may include:
a) Landlord's contents insurance: Covers your belongings, such as furniture, appliances, and other fixtures you provide as part of the rental property.
b) Malicious damage by tenants: Protects you against intentional damage caused by tenants, such as vandalism or destruction of property.
c) Legal expenses: Covers legal costs associated with evictions, lease disputes, or pursuing rent arrears.

d) Property owner's liability: Provides coverage in case a tenant or visitor suffers an injury due to a structural defect or maintenance issue for which you could be held responsible.
Building insurance is an essential investment for landlords, offering protection against unforeseen events that could negatively impact your property and finances. By safeguarding your investment through comprehensive coverage, you can mitigate risks, ensure prompt repairs or rebuilds, and maintain a steady rental income stream during challenging times. It is crucial to carefully review and compare insurance policies to ensure they meet your specific needs as a landlord.

Strive Insurance Group, Inc. (formerly Gordon Lund Insurance Agency, Inc) is an independent insurance agency representing many insurance companies.  This means that we quote with many different insurance companies to obtain the best rate and coverage for your insurance.  We do this at no additional fee or service charge to you.  Our insurance agency's reputation for representing the best insurance companies, providing excellent customer service and competitive pricing to our clients has been earned and proven for over 30 years.  We take great pride in finding you the best coverage and backing it up with prompt personal service.  

​Medical offices play a vital role in delivering healthcare services to patients, but they also face various risks that can impact their operations, patient safety, and overall success. Recognizing and effectively managing these risks is crucial for maintaining a safe and efficient environment for both healthcare providers and patients.

1. Data Security Breaches: In today's digital age, medical offices store a vast amount of sensitive patient information electronically. This makes them an attractive target for cybercriminals seeking to exploit vulnerabilities in data security systems. A data breach can compromise patient privacy, lead to identity theft, and damage the reputation of the medical office. Implementing robust cybersecurity measures, including encryption, firewalls, regular data backups, and staff training on data protection, can help mitigate this risk.
2. Regulatory Compliance: Medical offices must adhere to various regulatory requirements to ensure patient safety, privacy, and the overall quality of care. Failure to comply with these regulations can result in legal penalties, fines, and reputational damage. It is essential for medical offices to stay updated on current regulations, such as HIPAA (Health Insurance Portability and Accountability Act), OSHA (Occupational Safety and Health Administration), and other relevant local, state, and federal laws. Regular audits and staff training on compliance are necessary to minimize the risk of violations.
3. Workplace Safety: Medical offices are subject to unique workplace safety risks, including exposure to infectious diseases, physical hazards, and ergonomic issues. Implementing proper infection control measures, providing personal protective equipment (PPE), ensuring proper disposal of medical waste, and conducting regular safety inspections are essential to maintain a safe environment for both staff and patients. Additionally, training staff on safe work practices and emergency protocols can help mitigate workplace risks.

Managing risks associated with a medical office is crucial to ensure the delivery of high-quality patient care, maintain a safe environment, and protect the reputation and financial well-being of the medical practice. By focusing on areas such as medical errors, data security, regulatory compliance, workplace safety, and malpractice claims, medical offices can implement preventive measures and create a culture of safety and accountability. Continuous evaluation, education, and adaptation to changing risks will allow medical offices to navigate these challenges effectively and provide the best possible care to their patients.
 

Operating a medical office requires careful consideration of various risks that can impact both the property itself and the overall business operations. From regulatory compliance to patient safety, medical offices face unique challenges that demand proactive measures to minimize potential risks. This article delves into the property risks associated with a medical office and offers insights on how to effectively manage them.
 
Regulatory Compliance:
One of the foremost concerns for a medical office is ensuring compliance with the ever-evolving healthcare regulations. Failure to adhere to guidelines set by governmental bodies, such as HIPAA (Health Insurance Portability and Accountability Act) and OSHA (Occupational Safety and Health Administration), can result in severe penalties and legal consequences. Non-compliance risks pose threats to the reputation, operational continuity, and financial stability of the medical office.
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Mitigation Strategies:
a) Stay updated with regulations: Regularly monitor changes in healthcare regulations to ensure compliance and avoid costly violations.
b) Train staff: Educate all employees about regulatory requirements, including privacy laws and workplace safety protocols.
c) Document policies and procedures: Maintain thorough documentation of policies and procedures to demonstrate compliance efforts.

Infection Control and Biohazard Management:
Given the nature of healthcare facilities, preventing the spread of infections and managing biohazardous materials are critical priorities. Failure to establish robust infection control practices can endanger patient health, compromise staff safety, and tarnish the reputation of the medical office.
Mitigation Strategies:
a) Implement rigorous hygiene protocols: Establish strict hand hygiene, sanitation, and sterilization procedures throughout the facility.
b) Train staff on infection control: Conduct regular training sessions to educate staff on best practices for preventing the spread of infections.
c) Proper waste disposal: Adhere to guidelines for the safe disposal of medical waste, including sharps, pharmaceuticals, and biohazardous materials.
 
Structural and Equipment Risks:
A medical office's infrastructure and equipment play a pivotal role in maintaining a safe and functional environment. Structural vulnerabilities, faulty equipment, and utility failures can disrupt operations, compromise patient care, and pose safety risks.

Mitigation Strategies:
a) Regular maintenance and inspections: Develop a preventive maintenance schedule for equipment and conduct routine inspections of the facility's infrastructure.
b) Emergency preparedness: Create contingency plans and conduct drills to ensure staff is well-prepared for emergencies, such as power outages or natural disasters.
c) Adequate insurance coverage: Obtain comprehensive property insurance that covers structural damage, equipment failures, and business interruptions.

Security and Privacy:
Medical offices handle sensitive patient information, making them attractive targets for data breaches and theft. Security vulnerabilities can result in reputational damage, legal ramifications, and compromised patient trust.
Mitigation Strategies:
a) Robust data security measures: Implement secure network systems, encryption protocols, and firewalls to safeguard patient data.
b) Access controls: Utilize access control systems to restrict physical entry to sensitive areas and ensure only authorized personnel have access to patient records.
c) Staff training on privacy practices: Train employees on HIPAA regulations and privacy best practices to ensure the confidentiality of patient information.

Effectively managing property risks in a medical office is vital for the safety of patients, staff, and the overall success of the practice. By proactively addressing regulatory compliance, infection control, infrastructure, and equipment risks, as well as security and privacy concerns, medical offices can mitigate potential challenges and create a safe and trusted environment for patients and employees alike.
 

A medical office building typically requires several types of property insurance coverage to adequately protect against various risks. Here are some common insurance coverages for medical office buildings:
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Building Property Insurance: This coverage protects the office building itself, including its structure, walls, roof, and permanent fixtures, against perils like fire, lightning, vandalism, and certain natural disasters such as storms or earthquakes.

Contents Insurance: This insurance covers the contents within the office building, including furniture, equipment, inventory, and other business belongings. It safeguards against perils like fire, theft, or water damage.

Business Interruption Insurance: This coverage provides financial protection for the loss of income and additional expenses if the office building becomes uninhabitable or operations are interrupted due to a covered event. It can help with ongoing expenses, employee salaries, and temporary relocation costs.

Liability Insurance: Office buildings also need liability insurance to protect against claims of bodily injury or property damage that occur on the premises. This coverage can cover legal expenses, medical costs, and damages awarded in a lawsuit.

Cyber Insurance: In today's digital age, cyber insurance is crucial for businesses, including office buildings. It helps protect against financial losses and liabilities arising from data breaches, cyberattacks, or other cyber-related incidents that may compromise sensitive information.

Flood Insurance: Depending on the location of the office building, it may be necessary to obtain separate flood insurance. Standard property insurance policies usually exclude coverage for flood-related damage, so it's important to assess the building's flood risk and obtain appropriate coverage if needed.
It's essential to consult with a licensed insurance professional or broker who specializes in commercial property insurance to determine the specific coverages and limits that are appropriate for your office building, as the requirements may vary based on factors such as location, size, and occupancy.
 
 

If you're a business owner, you're probably well aware of the importance of insurance to protect your assets, employees, and customers. However, choosing the right insurance policies and finding the best deals can be a time-consuming and complex process. That's where partnering with an insurance broker can be advantageous. In this blog, we'll explore the benefits of working with an insurance agent or broker for your business. We offer special coverage options for products liability and coverage for the life sciences industry.

1. Expertise and Experience
Insurance agents and brokers are trained professionals with extensive knowledge and experience in the insurance industry. They are well-versed in the various types of insurance policies and can provide expert advice on the coverage that best suits your business needs. With their expertise, they can help you make informed decisions and ensure that you are adequately covered.

2. Time-Saving
Shopping for insurance can be a time-consuming process, especially if you're not familiar with the industry. By working with an insurance broker, you can save time and focus on running your business. Insurance brokers will do the research and shopping around for you, presenting you with options that meet your needs and budget.

3. Customized Insurance Solutions
Every business is unique, and so are its insurance needs. An insurance broker will work with you to understand your specific requirements and tailor insurance policies to meet those needs. They will also provide you with options that you may not have considered before, ensuring that you have the best possible coverage.

4. Cost Savings
Insurance brokers have relationships with various insurance providers and can negotiate better deals on your behalf. By leveraging their industry knowledge and expertise, brokers can help you find the most cost-effective insurance policies that provide the coverage you need.

5. Claims Assistance
In the event of a claim, an insurance broker will be your advocate and guide you through the process. They will work with the insurance provider to ensure that the claim is handled efficiently and effectively. This support can be invaluable, especially during stressful times.

6. Ongoing Support
Your insurance needs may change over time, and an insurance broker will be there to help you adapt. They will review your policies periodically and make recommendations to ensure that you are always adequately covered. They can also provide you with advice on risk management and loss prevention, helping you avoid potential claims in the future.

Partnering with an insurance broker can provide your business with numerous benefits, including expertise and experience, time-saving, customized insurance solutions, cost savings, claims assistance, and ongoing support. By working with an insurance broker, you can ensure that your business is adequately protected, allowing you to focus on growing and running your business with confidence.

Strive Insurance Group, Inc. (formerly Gordon Lund Insurance Agency, Inc) is an independent insurance agency representing many insurance companies.  This means that we quote with many different insurance companies to obtain the best rate and coverage for your insurance.  We do this at no additional fee or service charge to you.  Our insurance agency's reputation for representing the best insurance companies, providing excellent customer service and competitive pricing to our clients has been earned and proven for over 30 years.  We take great pride in finding you the best coverage and backing it up with prompt personal service.  

Life sciences insurance is a specialized form of insurance that is tailored to meet the unique risks and challenges faced by businesses involved in the life sciences industry. This industry is comprised of companies that develop and manufacture products in the pharmaceutical, biotech, medical device, and diagnostic sectors, among others. The insurance products available for these companies cover a wide range of risks, including product liability, clinical trials, property damage, and cyber attacks, among others.

One of the most significant risks faced by life sciences companies is product liability. These companies develop and manufacture products that are used to diagnose, treat, and prevent diseases, and any defect in their products can have serious consequences for patients. If a product is found to be defective, the company can face expensive lawsuits that could result in significant financial losses. Product liability insurance is designed to protect life sciences companies from these risks by providing coverage for legal expenses, damages, and other costs associated with defending against such lawsuits.

Another area where life sciences companies face significant risks is in the area of clinical trials. These trials are essential to the development of new drugs and medical devices, but they can also be dangerous, as participants may suffer adverse effects from the treatments being tested. Clinical trial insurance provides coverage for the risks associated with these trials, including the costs of medical treatment for injured participants, as well as legal expenses and damages in the event of a lawsuit.

In addition to product liability and clinical trial risks, life sciences companies also face risks related to property damage. These companies often rely on specialized equipment and facilities to develop and manufacture their products, and any damage to this equipment or property can result in significant losses. Property insurance for life sciences companies can provide coverage for damage to buildings, equipment, and other property, as well as business interruption coverage in the event of a disruption to operations.

Finally, life sciences companies are increasingly vulnerable to cyber attacks, which can result in the theft of sensitive data, intellectual property, and other valuable information. Cyber insurance can provide coverage for the costs associated with responding to a cyber attack, including legal expenses, data recovery costs, and notification costs.

Life sciences insurance is an essential form of coverage for companies involved in the life sciences industry. These companies face unique risks and challenges that require specialized insurance products to adequately protect against financial losses. Whether it's product liability, clinical trials, property damage, or cyber-attacks, there are a variety of insurance products available to help life sciences companies manage these risks and protect their bottom line.

Strive Insurance Group, Inc. (formerly Gordon Lund Insurance Agency, Inc) is an independent insurance agency representing many insurance companies.  This means that we quote with many different insurance companies to obtain the best rate and coverage for your insurance.  We do this at no additional fee or service charge to you.  Our insurance agency's reputation for representing the best insurance companies, providing excellent customer service and competitive pricing to our clients has been earned and proven for over 30 years.  We take great pride in finding you the best coverage and backing it up with prompt personal service.  

As a business owner, you have a legal responsibility to ensure that your products are safe for your customers to use. However, even with the best intentions and strict quality control measures, accidents can still happen, and your business may be held liable for any damages or injuries that result from a faulty product. This is where product liability insurance comes in, as it provides protection for your business in the event of a product-related lawsuit.
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Product liability insurance is a type of coverage that specifically addresses the risks associated with manufacturing, distributing, and selling products. It can help cover the costs associated with legal fees, settlements, and judgments that may arise from claims related to product defects or failures.

So, which businesses need product liability insurance? The answer is any business that manufactures, distributes, or sells products. This includes:

• Manufacturers: Any business that creates a product, whether it be a physical item or a digital one, should have product liability insurance. Even if your business has quality control measures in place, there is always the risk of a defect or flaw that could cause harm to a consumer.
• Distributors: If your business is involved in the distribution of products, you may also be held liable for any damages or injuries that result from the use of those products. This is especially true if you are the last point of contact before the product reaches the consumer.
• Retailers: Businesses that sell products to consumers are also at risk of being held liable for any damages or injuries resulting from a product defect. Even if you did not manufacture or distribute the product, you may still be held responsible if it is sold through your store.

It is worth noting that the type of product being sold can also impact the need for product liability insurance. For example, products that are potentially hazardous, such as children's toys or medical devices, may require higher levels of coverage than products that are less risky.

In conclusion, product liability insurance is an essential coverage for any business that creates, distributes, or sells products. It provides protection in the event of a product-related lawsuit, which can be costly and damaging to your business's reputation. As such, it is important to assess your business's risk and ensure that you have the appropriate level of coverage in place to protect your business and its assets.