Risk Management
By managing risk we increase the value of an asset
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At a time when liability issues seem out of control and often decide the difference between financial success and
failure, adequately protecting your physical and financial assets is critical.
Pinnacle's risk management department defines areas of possible risk for our company and its managed entities,
and develops and administers programs to eliminate or minimize the adverse financial impact those risks may
represent.
To effectively manage all aspects of potential risk, Pinnacle's risk management department:
- Reviews client insurance programs
- Designs loss control programs for property and liability
- Selects, negotiates and maintains corporate/client blanket insurance programs
- Documents and monitors thirdparty
insurance coverage
- Manages claim and loss recovery activities, including litigation
- Develops risk retention programs
- Maintains a comprehensive risk management manual for site staff
- Conducts site reviews
- Provides safety and health education programs
- Offers emergency preparedness instruction
Pinnacle's experienced risk management professionals also assist with the broad range of physical property loss
and third party liability situations that can develop on a residential or commercial real estate site.
Insurance
Proprietary insurance packages and competitive rates fit the needs of our clients
Insurance is one of the fastest growing operating costs. To minimize the impact, Pinnacle facilitated an enhanced multifamily insurance program for our clients. In conjunction with a leading insurance broker for more than 1,000,000 units across the United States, we have developed specialized loss control, claims and technology products.
Pinnacle's size and purchasing power makes it possible to offer the following enhancements to our clients:
-
Coverage for all real property, personal property, and business income
- Agreed value, no co-insurance penalty
- Earthquake coverage
- Flood coverage
- Coverage for sewer and drain backups
- Building ordinance and law coverage
- Debris removal
- No general liability deductible
- No exclusion for pollution arising out of hostile fire
- Pesticide and herbicide application coverage
- Pollution exception for fumes from heating equipment
- Boiler and machinery coverage for all properties
The residents in our communities also benefit. We have established a special reduced cost
package with a leading national insurance broker.
Contacts
Please forward inquiries to
risk@prmc.com.
