Essential Security Strategies for Multifamily Housing: What Insurance Agents Should Advise Their Clients

Overview

True story: An assailant entered a gated multifamily housing community through an opening in a fence and killed a resident. The deceased’s family, mourning their loss, filed a premises liability lawsuit against the housing community’s owners and managers, alleging that their failure to repair the fence constituted a breach of their duty to maintain a safe living environment. The parties settled for $1.2 million.

As an insurance agent, you are crucial in guiding your clients toward effective and cost-efficient risk management strategies. Fortunately, several affordable security improvements can mitigate the risk of injury and crime, reduce the likelihood of claims, and help maintain stable insurance premiums.

View this interactive report for actionable strategies.

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