In just 10 years, commercial insurance nearly doubled — $2,726 in 2023 per building, compared to $1,558 in 2013.

More Extreme Weather Events

28 billion-dollar extreme weather events in 2023 (56% increase from 2022):

• 19 severe storms (tornadoes, high winds, and hailstorms)
• 4 floods
• 2 tropical cyclones
• 1 wildfire
• 1 winter storm and cold wave
• 1 drought and heat wave

Estimated Recovery Costs $92.9 billion

Projected by 2030 42 events/year

“This added risk has caused certain insurers in some states to reduce coverage or vacate altogether.” — Time Magazine

Playing Catch-Up From Increased Losses

From Q1 2021 to Q4 2022, US property insurance premium growth rates were behind inflation growth for 8 quarters.

A Claims History

Insurance premiums are largely influenced by your claims history, including liability claims and damage claims. The more claims you file, the more likely your rates are to increase.

Preventative maintenance helps prevent incidents that would otherwise trigger claims, such as:

• Water damage
• Electrical fires
• Slip-and-fall injuries

B Asset Care and Risk Management

Reduce wear-and-tear-related failures and claims.

C Life Cycle Roof Management

May be more helpful when defending against natural hazards like:

Weather and Natural Factors Freeze and thaw Temperature-based shrinkage and expansion Hail Snow weight Ice dams Strong winds Clogged drains from leaves and other debris

Industrial Factors Grease Chemicals Exhaust / burnoff Dust

By just spending $2,000–$3,000 annually on maintenance programs of a 20,000 sq. ft commercial roof, $100,000–$200,000 in unnecessary costs can be avoided over the lifetime.

Corresponds to preventing one premature full replacement plus ongoing maintenance and repairs.

• Annual inspections — Regular roof inspection may lead to an insurance discount or lower rate
• Drain cleaning — Leaves and other debris can accumulate in drains, backing up drainage and creating additional damage
• Snow removal — Heavy loading caused by snow accumulation can lead to leaks, structural damage and collapse
• Ice dam removal — Built up ice can result in damage to the property
• Heat tape installation — Proactively reduce ice damage by installing heat tape in areas that frequently accumulate ice
• Risk mitigation — In addition to property damage, snow and ice create a serious injury risk resulting from slips, falling ice and snow, and roof collapses

1 Documentation

Maintenance records can help reduce your insurance premiums. Requires you to document inspections and repairs, plus safety checks covering:

Proper Roof Access

Ladders

Hatches

Railings

These demonstrate better:

• Eligibility for coverage
• More agreeable insurance terms
• Deductibles or policy discounts

2 Quality Materials and Installation

Many commercial property insurers limit or exclude coverage once a roof passes ~20 years — this also ensures you do not void your warranty.

3 Life Cycle Roof Management™

Service providers like Kato Roofing offer customer portals for your property portfolio, including:

• Inspections
• Reports
• Documentation
• Multi-year repair plan

These Assist With Budget planning Maximizing ROI Improving roof lifespan

Preventative Maintenance Program Professional inspections Written and visual documentation Repairs and maintenance

See how much you can save on your next roofing project with a detailed roof analysis.

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