Case Study - Maclab Enterprises
Maclab Enterprises is the largest privately held residential rental property holder in Alberta and the Northwest Territories. The company continues to be active in residential and commercial rental properties and provides professional property management through Midwest Property Management. With several subdivisions underway, the company's land development group offers opportunities to homebuilders in the Edmonton Capital Region. As well, Maclab owns hotel properties managed by Coast Hotels & Resorts. Maclab appreciates the relationship it has forged with its insurance partner, Lloyd Sadd Insurance, over the last three years. After much persistence and tenacity by Garth Lane, one of Lloyd Sadd Insurance's top account executives, Maclab began working with Lloyd Sadd to help navigate it through today's ever-changing, fast-paced market. It is a decision Maclab has not regretted. Maclab finds open communication with Lloyd Sadd remains the key to a solid working relationship between the two companies. For instance, Lloyd Sadd Insurance's team, consisting of Garth, Maxine, Cathy, and Marilyn, is always prompt when responding to Maclab's questions or concerns. The team also helps identify risk management issues and ensures that they are clearly and concisely explained to Maclab. When possible, Garth forwards articles and court rulings to Maclab, making the company aware of issues and situations in the industry that could affect its bottom line. Due to the support and guidance from Lloyd Sadd Insurance, Maclab has been better positioned to make smarter and more informed business decisions. Maclab has also been able to map out more strategic short- and long-term plans because it has a better understanding of the types of risk management issues surrounding its industry. Garth and his team have the knowledge and expertise to deal with industry-specific insurance issues and are able to help Maclab stay a step ahead of its competitors in the property management sector.
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