Insurance for Real Estate and Development
At Eastern Insurance, we maintain a clear understanding of the business opportunities, regulatory pressures, and other challenges faced by today's real estate owners, managers, developers, and advisers. Our real estate and development professionals constantly stay on top of the ever-changing dynamics of the real estate industry and possess the expertise and resources to help you effectively manage business risks across your entire organization.
We understand the insurance and surety exposures unique to the construction industry, so we've gone the extra mile to train our team properly.
What Sets Eastern's Real Estate and Development Practice Apart?
A Consultative Approach
We employ a consultative versus transactional approach to our product and service offerings. Providing a comprehensive suite of risk management and insurance services ensures a high degree of asset protection, cost containment, and prompt operational recovery if and when a loss or accident occurs. Sample services include:
- Insurance budget projections and premium allocations
- Contract analyses and negotiations
- Cost and coverage benchmarking
- Insurance assessments for construction projects
- Coordination of loss control services
Among the thousands of independent agencies nationwide, Eastern Insurance has grown to be the 34th largest and is the largest independent agency headquartered in New England, with more than 400 dedicated, highly skilled employees.
By representing more than 50 regional and national insurance companies, we have the ability to customize a comprehensive solution that works best for your operation. In addition, we have unlimited access to hundreds of other domestic and international insurers through strategic partnerships with wholesale brokers, managing general agents, risk purchasing groups, and third-party administrators.
Our size and long-standing relationships within the real estate insurance sector provide us with a great deal of negotiating power and leverage, ensuring the best solution for your particular needs.
Customer satisfaction is our #1 priority. We will work as a business partner with you to achieve your goals, and expand your business by connecting you with other business professionals in your industry.
Consisting of seasoned and knowledgeable professionals, our real estate and development practice is structured to continuously provide you with backup, support, and personalized attention.
Comprehensive claims management services are a fundamental component of our practice. Our dedicated in-house Claim Service Center provides 24/7 claim reporting and direct access to technical support for inquiries and effective claim resolution.
Our knowledge and experience enable us to provide creative risk management and insurance solutions to help guarantee positive financial results. We offer a broad range of insurance products that are well suited for all types of real estate and development companies, including:
- Property and Boiler & Machinery
- Builders Risk Insurance
- Time Element Coverages
- Commercial General Liability
- Construction Liability
- Environmental Liability
- Errors & Omissions Liability
- D&O and General Partners Liability
- Cyber Privacy & Security
- Comprehensive Crime
- Employment Practices Liability
- Fiduciary Liability
- Workers' Compensation
- Automobile & Garage Insurance