Innovators: Cohen Property Law Group
Check out the professionals who are finalists in the Innovators category as part of the Florida Legal Awards.
March 10, 2024 at 03:44 PM
2 minute read
Cohen Property Law Group is a finalist for the Daily Business Review's 2024 Innovators award.
What innovative steps has your organization taken this past year?
This past year, our most innovative step was structuring captive insurance companies and risk purchasing groups, allowing real estate developers to self-insure their properties. With insurance premiums ballooning in Florida and other catastrophe-prone states, CPLG leveraged our extensive experience to provide qualified clients with a customized alternative. After thoroughly understanding complex regulations across multiple states, CPLG structured a captive insurance product that reduces expenses by aligning incentives around effective risk management. Handling all legal, financial and operational details for launch and administration, self-insurance options consolidate a fragmented process into one cost-saving solution benefitting clients through incentive alignment absent restrictive legislation.
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