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Vacant Buildings Out-Of-Sight, Out-Of-Mind For Some RMs

Part of the fallout of the financial crisis and recession is a drop in business, which can leave warehouses, factories and office buildings vacant, creating new risks, a property insurance expert warns.

By Caroline McDonald | Updated on May 10, 2009

Part of the fallout of the financial crisis and recession is a drop in business, which can leave warehouses, factories and office buildings vacant, creating new risks, a property insurance expert warns.

“Our experience is that an idle plant gets lost in the shuffle,” said Jonathan W. Hall, an executive vice president with FM Global in Johnston, R.I. “They turn off the water, they basically board it up and walk away, and you shouldn’t do that.”

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