How a $500 Investment Per Pool Saved Millions in Liability Exposure
Multi-Family Residential Portfolio • 6 properties, 7 pools • Southeast Region, USA
The client’s multi-family residential properties had pools that were excluded from liability coverage under their general liability policy. This left the properties exposed to significant financial risk from potential pool-related accidents.
Pool liability exclusion removed coverage for accidents, injuries, and drowning incidents
Millions of dollars in potential uninsured liability exposure
Policy conditions required compliance with strict safety standards to restore coverage
Unawareness of the exclusion and its implications until policy review
Our team identified the exclusion, evaluated the necessary conditions to restore coverage, and implemented a practical solution for compliance across all properties.
Determined the scope of the pool liability exclusion and its impact on the portfolio's risk exposure.
Assessed the compliance requirements to reinstate liability coverage, including enhanced gate security, signage, and maintenance protocols.
Recommended upgrading gate locks at a cost of $500 per pool to meet insurance carrier requirements.
A small investment in safety measures yielded significant coverage restoration and risk reduction.
$3,500
Total Investment
Cost of upgraded locks for 7 pools
$30M
Liability Coverage Restored
Portfolio-wide liability protection added back
Significant
Risk Mitigation
Eliminated uncovered exposure to catastrophic losses
Policy exclusions can lead to financial ruin. Reading the policy in its entirety with a knowledgeable risk advisor can help clarify coverage gaps and prevent costly surprises.
