In the real estate and development sector, risk creates uncertainty that can increase costs, erode stakeholder confidence and hinder the delivery of project goals. Our risk management and risk transfer strategies are designed to reduce this uncertainty, giving your business a competitive advantage.

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Real Estate and Construction

Your strategic partner for property risk management

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A truly global real estate practice

In the real estate and development sector, risk creates uncertainty that can increase costs, erode stakeholder confidence and hinder the delivery of project goals. Our risk management and risk transfer strategies are designed to reduce this uncertainty, giving your business a competitive advantage.

Our real estate practice is truly global with offices in the UK and Australia. The team is made up of over 140 Partners and Associates who have significant experience in this specialist sector – they have a detailed, local understanding of the issues you face and an extensive network of some of the world’s best insurers.

Wherever you are in the property chain – from a developer through to operator, investor or manager – we focus on your business and the risks you face. We work with you as a long-term, strategic partner, to develop the appropriate solutions enabling you to focus on what you do best.

Expertise

We have extensive experience in the design, placement and administration of both Australian and global real estate insurance programs, including:

  • Material damage coverage for all types of assets

  • Public and property owner’s liability

  • Insurance due diligence services for lenders and acquisitions

  • Transactional insurance

We also have an extensive suite of complimenting products and services to transfer and/or manage the risks that owners and managers face.

Our Products and Services

We offer a range of innovative solutions tailored to your property insurance needs:

  • Property and business interruption

  • Public and product liability

  • Construction - all risks 

  • Plant and machinery

  • Transactional insurances

  • Tenant risk insurances

  • Commercial and residential strata 

Asset online

Lockton has developed a software package called Asset, a market-leading insurance and risk management platform that enables our clients to efficiently manage their property portfolios and supports our broking service. The secure online system gives you access to real-time claims information, analysis of historic loss data, credit control for reconciliations and invoicing, risk exposure information, tailored policy wordings and risk management control across multiple locations.

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Lockton has delivered us unparalleled service and a considerable breadth of insurance advice. They have become one of our trusted professional advisors and really an extension of our team.
Invesco Asset Management Ltd

Key Contacts

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Stephen Cooper

Head of Global Real Estate & Construction, Australia
stephen.cooper@lockton.com
+61 401 322 358

With a global footprint of over 100 offices, there’s sure to be one near you.

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Latest news and insights

An increasing number of construction companies are turning to modular construction to take advantage of potential efficiencies and cost savings. However, insurers do have some concerns about this technology that need to be addressed to ensure there is appropriate insurance cover in place for such projects.  Addressing insurer concerns regarding modular construction

Optus Network Outage Senate Inquiry: key insights and practical actions to take

Following the recent Senate Inquiry into the nationwide outage experienced by Optus in November 2023, critical risk-based insights emerged. These bear practical significance for organisations across a diverse range of industries. These insights underscore the importance of cultivating robust systems, refining communication strategies and embracing concrete safeguards to pre-empt and mitigate the impact of similar incidents in the future.  
Following the recent Senate Inquiry into the nationwide outage experienced by Optus in November 2023, critical risk-based insights emerged. These bear practical significance for organisations across a diverse range of industries. These insights underscore the importance of cultivating robust systems, refining communication strategies and embracing concrete safeguards to pre-empt and mitigate the impact of similar incidents in the future.

Vinh Ngo named a rising star by Insurance Business

Lockton Australia Client Director, Vinh Ngo, has been named a “rising star” by Insurance Business.
The annual list shines a spotlight on passionate, young insurance professionals committed to hitting milestones for themselves and their clients and colleagues. Lockton Australia Client Director, Vinh Ngo, has been named a “rising star” by Insurance Business.
The annual list shines a spotlight on passionate, young insurance professionals committed to hitting milestones for themselves and their clients and colleagues.

The public liability dilemma facing the aged care sector

Aged care providers’ public liability insurance policies are increasingly at risk from financial recovery by workers’ compensation insurers nationwide. Recovery claims are being made against providers with a particular inter-entity structure that creates a loophole for such claims tobe allowed. Recovery claims are also being made against providers as host employers of injured labour hire staff.Aged care providers’ public liability insurance policies are increasingly at risk from financial recovery by workers’ compensation insurers nationwide. Recovery claims are being made against providers with a particular inter-entity structure that creates a loophole for such claims tobe allowed. Recovery claims are also being made against providers as host employers of injured labour hire staff.
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