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Insurance is one of the "big three" expenses alongside mortgage and real estate taxes. If you have a claim, insurance can decide the fate of your business.

For instance, did you know that basic policies won't pay to fully rebuild a grandfathered building? Code upgrades -- a sprinkler system, for example -- would be at your expense absent special coverage not automatically included on a standard policy. Are you prepared for any disaster? Whether it's a fire or a lawsuit, you need insurance to protect your assets.

This video will give an overview of special considerations that owners familiar with only single family insurance won't know. We will cover basic and advanced considerations:

Personal vs commercial lines insurance.
Valuations
- Replacement Cost.
- Actual Cash Value.
- Co-Insurance.
- Agreed Amount.
Ordinance or Law Coverage.
Risk management strategies
- Deductible structure.
- Hiring a contractor.
- Protective safeguards.

Members will leave better prepared to evaluate their existing policies and protect their business going forward.

Part of this presentation will be given by Doug Quattrochi, Executive Director, MassLandlords, Inc. Doug was a founding member of MassLandlords in 2013. He became the association's first Executive Director under new bylaws in 2014. Since then, he has scaled the organization from a core of 160 members in Worcester to approximately 2,500 dues paying businesses from Pittsfield to the Cape, and from an all-volunteer team to approximately 20 full and part-time staff plus 50 volunteers. Doug has been instrumental in advancing democratic governance mechanisms, including score voting for policy priorities and a staggered and democratically elected Board of Directors. Doug also oversees the RentHelper spin-off, which is expanding access to electronic banking for those of us who are unbanked or underbanked. Prior to MassLandlords, Doug held leadership roles in various Massachusetts startups, two of which are still operating. Doug holds a Master of Science in Aerospace Engineering from the Massachusetts Institute of Technology.

Watch the videos starting Wednesday, October 30.

This video has been recorded by MassLandlords, Inc. staff.

This Video counts for continuing education credit for Certified Massachusetts Landlord Level Three. Watch the video and mark it as watched by clicking the button below the video.

Want to record with us? Submit a speaker request.

This is part of the Virtual rental real estate networking and training series.

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Jillian Campayno

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