In the real estate and construction sector, risk creates uncertainty that can increase costs, erode stakeholder confidence and hinder delivery of project goals. We use risk management and insurance strategically to reduce this uncertainty, giving your business a competitive advantage.
Real Estate & Construction
Risk solutions built to last
Building a strategy that works for you
In a highly litigious world, the advice that professional services businesses provide to their In the real estate and construction sector, risk creates uncertainty that can increase costs, erode stakeholder confidence and hinder delivery of project goals.
We use risk management and insurance strategically to reduce this uncertainty, giving your business a competitive advantage.
Our team of sector specialists has a detailed understanding of your local issues, and of your wider sector risks. We draw on our extensive network of some of the world’s best insurers to create a strategy that works for you.
Wherever you are in the property cycle – from a greenfield development through to occupancy – we focus on your business, your risks and your needs. We work in partnership with you to develop solutions in your interests, supporting your firm’s long-term success.
Lockton has a client retention rate of 96%, thanks to our exceptional standards of service and our commitment to meeting your changing needs. We are fully transparent about fees, so you know exactly what you’re paying for.
We created our claims code to make sure your insurance delivers when you most need it. This exclusive agreement with our insurer and loss adjuster partners means settlement is swift and decisive, and you get major loss planning and control. You are at the heart of the process – so you know exactly what will happen, when and why.
Giving you value
If you need to transfer risk, we bring the same level of scrutiny, knowledge and enthusiasm to choosing insurers who understand the nuances of your business. We negotiate the broadest terms at the most appropriate rates – our policy wording goes beyond those of non-specialist brokers.
If you decide not to insure the full extent of your risk, we work closely with you to prepare accurate loss forecasts so you can choose how much risk to retain and self-insure.
We‘re more than your insurance broker – we’re a source of specialist knowledge and advice
Our areas of expertise include:
International property portfolio risk programmes
Specialist solutions for contractors from house building to civil engineering projects worldwide
Private finance initiative (PFI) and public private partnership (PPP) projects – due diligence consultancy for investors, lenders and government bodies
Total project insurance – you have control of the programme
Power, energy, infrastructure and regeneration projects
Contingent and special risks, including rights to light, title, judicial review etc.
Risk management advice and guidance
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Operating out of Johannesburg, our core team of 40 specialists falls under Lockton Overseas Limited, the London-based arm of the business, and provides the spectrum of risk management, advisory and insurance services.