Green initiatives and their emerging risks
Looking after our environment, leaving the planet in a better state than we found it, and securing a legacy for the next generation – all makes perfect sense. No one would argue against this. However, some of the green initiatives that we've seen implemented for residential properties have led to higher claims.
For you, as a property manager or owner, it’s important to be aware of these emerging risks as we have seen underwriters sometimes requiring further information or imposing additional terms as a result.
Four key areas to bear in mind
As an insurance intermediary working with both the insurer and the insured, we see firsthand the impact of some of these initiatives on clients' claims history and have summarised them in an easy-to-understand infographic.
Download the infographic
Download it now to learn about the four key areas to be mindful of when thinking about your environmental footprint and the impact they have - from an insurance perspective - on your property.
Weighing up the pros and cons of green initiatives
By being aware of these risks and working closely with insurers, you can ensure that your property is protected while still contributing to a greener future.
Remember, it's essential to weigh the pros and cons of each green initiative and consult with professionals to make informed decisions. Careful planning and regular maintenance can help mitigate risks and ensure that your green initiatives are both environmentally friendly and financially sound.
Find out more
Visit our residential property page to find out more about the products and services we can provide to protect your property.
