Have you noticed that since COVID and the increase in the number of people working remotely, traditional offices no longer meet employees needs? 80% of companies have adopted hybrid work, and the next phase of office design and structure has arrived!
Recently, over 80 professionals gathered at The Shop by Porter to tackle this challenge. Chris Good of +One Consulting and One Workplace gave a TEDx talk on fostering connection at work, followed by a panel discussion led by Kathleen Selke from Porter. Read more, below.
🚀 Transforming Workspaces, Protecting Investments: Insurance Strategies for Modern Office Renovations 🚀
As businesses innovate their workspaces to adapt to post-pandemic trends, it's crucial to reassess your commercial insurance and overall risk profile to ensure your investment is well-protected. Here are three essential action items to consider:
1️⃣ Reevaluate Property Insurance Coverage: With significant renovations aiming to create flexible and creative work environments, like the inspiring transformation by Gensler in downtown Los Angeles, your property insurance needs a second look. Ensure your policy reflects the new value and features of your upgraded space, safeguarding your investment against any unforeseen circumstances.
2️⃣ Business Interruption Insurance: Renovations can disrupt operations, potentially impacting your bottom line. Review your business interruption insurance to confirm it covers losses during renovations and the transition period to your newly designed space. It's not just about surviving disruptions but thriving through them.
3️⃣ Enhance Liability Coverage: Innovative workspaces introduce new dynamics and potential risks. As your business evolves, so should your liability coverage. Ensure it matches the increased range of activities and usage of your space. Regular safety audits and adjustments to your policy can help mitigate risks, ensuring a secure environment for everyone.
The move towards more adaptable and employee-focused work environments, as demonstrated by Gensler's office renovation, is not just a trend but a forward-thinking approach to workplace design. As you invest in such transformative projects, remember that a comprehensive review of your insurance policies and risk management strategies is essential to protect your assets and foster a productive, safe, and engaging workspace.
Let's embrace change wisely and secure our businesses for a brighter, more innovative future. 🌟
#CommercialInsurance#RiskManagement#WorkplaceInnovation#BusinessStrategy#InsuranceUpdate
Spent the last year and a half with a very talented group at Gensler to reimagine the future of our LA office and of workplace in general.
We recently sat down with LA Business Journal to discuss our comprehensive process, our lessons learned about the realities of a contemporary work-place, and the economic benefits of working with second-generation space. Take a read!
Investors with the financial resources to take advantage of these prices and the resources to carry / reposition select properties will create enormous wealth. This is not for the faint of heart or novices. All “bargains” aren’t bargains.
Harrisonburg Innovation Hub video walkthrough/construction update, March 25, 2024! Something happening on all three floors and it's a busy scene. Check out the future elevator shaft offices! This update is a little longer and you get to see parts of all three floors.
What do you think? What questions do you have?
This is a fascinating article on the creation of the first building built intentionally for office use, written by the Admiral of commercial office, Ken Ashley.
Healthcare Architect at Gresham Smith
3moWelcome Scott MacMeekin!