SterlingRisk Featured in PROFILEmiami: Why Insurance Belongs at the Development Table

Insurance can have a significant impact on a real estate development project’s financing, contractual obligations, costs, and construction schedule. Yet insurance brokers are often brought into the process after critical decisions have already been made, limiting opportunities to identify potential issues and address them before they become costly.

In a recent PROFILEmiami article, SterlingRisk’s complimentary resource, “Is Your Insurance Broker Part of the Deal Team?”, was featured as a valuable resource for developers and real estate professionals.

The resource examines why insurance expertise should be incorporated into development planning from the outset, alongside financing, legal, and construction considerations. Early involvement can help developers anticipate insurance requirements, evaluate contractual risk allocation, and address potential coverage challenges while there is still flexibility to make changes.

Continuing the Conversation at PROFILEmiami’s Development Summit

The coverage follows SterlingRisk’s sponsorship of PROFILEmiami’s 3rd Annual Pre-Construction Development Summit, which brought together leading real estate professionals to discuss the financial, operational, and risk considerations shaping development projects.

At the summit, Jonathan Friedman, President of Real Estate Development at SterlingRisk, moderated a panel titled “The Development Equation: Capital, Construction, Risk & What It Takes to Get Built.” The discussion featured key executives from Constellation Group, Rosso Development, Continuum Companies, and BI Group USA.

Both the panel discussion and SterlingRisk’s featured resource reinforce an important consideration for developers: insurance decisions are connected to nearly every stage of a project, from initial planning and financing through construction and completion.

By involving insurance advisors earlier in the process, development teams can better evaluate potential exposures, coordinate insurance requirements, and make informed decisions before commitments are finalized.

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DISCLAIMER: This article is provided by SterlingRisk Insurance for general informational purposes only and should not be construed as legal or insurance advice. Always review your individual policy terms and consult your broker or legal counsel regarding your specific situation.