“It is extremely important to get the job done right, rather than merely placing a policy ... Don’t be afraid to ask for help when placing construction risks” Kyle Domire, Worldwide Facilities rior cladding, plumbing and HVAC. Hastily conducted work and shortcuts will ultimately lead to claims scenarios.” Another factor driving the positive outlook
for the construction sector, even in the face of economic slowdown, is persistent demand. “Population growth is poised to continue to fuel demand for single-family and multi-
family housing, as well as apartments, and the subsequent commercial growth in areas like office space,” Domire says. “The aging population is driving demand for commercial building in healthcare such as assisted living, clinics and hospitals. Increased military procurement and infrastructure projects are also quite plentiful for the foreseeable future. “Long story short, the sector looks strong for the time being,” he continues. “A downturn is always unfortunate, but there appears to be enough demand and shortage of labor to cushion against a total calamity like we saw in 2009.”
We are the premier insurer for luxury condos, co-ops, rentals, class “A” office buildings & upscale restaurants. Berkley Luxury Group’s mission is to provide underwriting and claims expertise to two very specialized luxury markets. Our name clearly identifies what we offer; tailored, all-inclusive insurance solutions for luxury condo, co-op, rental properties, class “A” office buildings and fine dining restaurants.
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