The origins of Property insurance can be traced back to the Great Fire of London in 1666. The fire started in a bakery after midnight, and for four days spread through the central parts of London. Although only six deaths were reported, once extinguished, the fire had consumed 13,200 houses, 87 parish churches (including St. Paul’s Cathedral), The Royal Exchange and Guildhall.   

The year following the Great Fire, the first true insurance company was established, and the concept of “risk-transfer” took hold. Unlike 1666, businesses today know they need Property insurance, but what they may not know is how their unique risk profile impacts costs, coverage and potential claims.  Securing the most cost-effective coverage with the best terms really requires expertise, understanding of the exposures and the risk factors that could impact a loss.   

At RHSB we are fortunate to have some of the best Property specialists in our industry. We can help you design a Property program to best insure your assets — buildings, contents, equipment and inventory. We will also consult with you to establish adequate Business Interruption limits that insures the loss of income your business may suffer as a result of a covered Property loss.