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Rising Commercial Vacancies Means Higher Risk, Chubb Says

The Chubb insurance firm said it is warning real estate companies they need to take a variety of steps to protect themselves against growing risks as their inventory of vacant properties increases

By Staff Writer | Updated on March 13, 2009

The Chubb insurance firm said it is warning real estate companies they need to take a variety of steps to protect themselves against growing risks as their inventory of vacant properties increases during the economic downturn.

Tim Ehrhart, vice president, Chubb & Son, and real estate market manager, Chubb Commercial Insurance, said, “Vacant buildings are particularly vulnerable to risk because of the absence of people performing day-to-day activities that mitigate common hazards.”

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