180 Park Ave., 1st Floor
Florham Park, NJ 07932
www.usi.com
AT A GLANCE
Year founded: 1994
Number of New Jersey employees: Over 150
Number of New Jersey-based brokers: 35
Areas of expertise in real estate: Providing competitive and consultative risk management solutions to real estate Owners, Developers, and Managers
OUR ADVANTAGE
USI invests in people, processes and technology to bring the most innovative risk management solutions to our clients. What truly distinguishes USI as a premier insurance brokerage firm is the USI ONE Advantage®, a platform that integrates proprietary business analytics with a network of local and national technical experts in a team-based planning process to identify targeted solutions with financial impact. Our real estate professionals have decades of experience providing property owners, managers and developers with comprehensive, cost-effective risk management and asset-protection solutions. USI’s robust analytics, deep industry expertise, broad insurance company relationships, aggressive claims advocacy and hands-on service deliver superior results.
ON THE HORIZON
Strong development pipelines have increased the need for Builders Risk insurance. USI’s exclusive Builders Risk Program addresses the expensive and limited market with broad coverage and terms, high sub-limits for Flood and Earthquake and other enhancements at highly competitive pricing.
Recent nationwide events have highlighted the need to protect property from acts of terrorism and damage associated with riots and civil commotion. USI has expanded our TerrorSafe (Terrorism) Insurance Program to include options for Strike, Riot and Civil Commotion (SRCC). This program is available as a standalone policy or by endorsement to USI’s Sabotage & Terrorism or Active Response policies.
TREND WATCH
The commercial property and casualty insurance industry faces the most sustained hard insurance market since the mid-1980s. Real Estate portfolios face reduced capacity for property and umbrella coverages, double-digit rate increases and increased underwriting scrutiny. USI’s leverage with insurers helps clients mitigate premium increases and coverage restrictions, and our risk management strategies can drive cash flow, improve liquidity and reduce total cost of risk.
TRANSACTION SPOTLIGHT
USI successfully on-boarded a national, publicly traded REIT with a diversified portfolio of properties. Renewing during the height of the COVID-19 pandemic, we were presented with risk challenges at their Assisted Living locations as well as their Retail / Strip center properties. USI was able to negotiate full coverage for Communicable Disease on their General Liability policy when the rest of the market had broadly excluded this due to the pandemic. In addition, they were faced with vacancy issues within their retail portfolio that we solved creatively through manuscripted policy language adopted by our selected Property insurer.
