Once a niche business for Lockton, the real estate industry now accounts for one of Lockton’s fastest growing segments. Whether your focus is commercial or residential real estate, our global team of highly skilled professionals delivers customized, creative insurance and risk management solutions for your growing portfolio.
Our Total Project Insurance effectively allows developers to have complete control of their own insurance program. We offer comprehensive solutions for Private Finance Initiatives (PFI) and Public Private Partnerships (PPP), including due diligence consultancy for lenders and governmental entities. We also offer specific solutions for contractors involved in building and civil engineering projects. Our close relationships with real estate underwriters allows us to obtain the best policy terms at competitive rates from reputable insurance carriers around the world.
In one of Lockton’s specialties, multi-family real estate, we serve businesses with more than 1.5 million apartment units throughout the U.S.
Our clients represent every aspect of the real estate industry including:
- Asset Managers
- Condominium Associations
- Fund Managers
- Hotels and Motels
- Managing Agents
- Property Developers
- Property Owners
- Real Estate Investment Trusts (REITs)
You will benefit from our expert advice on the following coverages:
- Business Income and Extra Expense
- Catastrophic Loss (windstorm, hail, earthquake and flood)
- Commercial Automobile (maintenance and delivery vehicles)
- Commercial General Liability
- Crime and Fiduciary
- Employers, Public and Property Owners Liability
- Engineering Insurance and Inspection
- Environmental Impairment Liability
- Excess Policies
- Layered Umbrella
- Legal Indemnities (including Defective Titles and Restrictive Covenants)
- Loss of Rental Income
- Machinery Breakdown/Boiler
- Miscellaneous Liability Coverages (including Aviation, Marina and Liquor Liability)
- Professional Liability for REITs and Executives (including Directors and Officers, Errors and Omissions, Employment Practices Liability, and Kidnap and Ransom)
- Property Liability
- Workers Compensation
Your company will benefit from our expert advice in:
- Detailed loss forecasts
- Offshore captives
- Section 8 and Section 42 housing issues
- In-depth loss control recommendations and programs
- Premium allocation based on client direction and Lockton experience
- Safety publications for distribution to properties
Click here to learn more about our specialist Real Estate and Construction teams in the UK.
Service starts with listening. We take the time to understand your specific goals, design a program that fits your needs, aggressively negotiate coverage, and implement a service plan. You will have the same dedicated service team throughout the entire process which allows us to anticipate your needs and create accountability.
It’s all about you. As a private, family-owned company, all our Associates focus solely on you, our client, rather than public shareholders.
Long-term thinking. Clients stay with us based on our expertise, creative solutions, seamless global resources and outstanding service. Our client retention rate of 95 percent reiterates our commitment to each and every client.