Building Insurance

At Baldon Insurance Group, we understand the complexities and risks associated with managing real estate properties of all types.

Whether you own residential complexes, commercial buildings, or mixed-use properties, having the right insurance coverage is crucial to protecting your investments and ensuring the smooth operation of your real estate business.

Our tailored real estate insurance solutions provide comprehensive protection, designed to meet the unique needs of property owners and managers across the industry.

Specialized Insurance Solutions for Real Estate Properties

Why Choose Real Estate Insurance?

Real estate insurance is essential for property owners and managers to safeguard their investments against potential risks. This type of insurance covers a wide range of incidents, from property damage to liability claims, ensuring that your properties remain resilient in the face of unexpected challenges.

Who Needs Real Estate Insurance?

Our insurance solutions are tailored for a variety of real estate entities, including:

• Residential Property Owners: Protecting multi-family buildings, apartments, and single-family rental homes.
• Commercial Property Owners: Safeguarding office spaces, retail centers, and industrial facilities.
• Property Managers: Managing multiple properties and ensuring their safety and compliance.
• Real Estate Investment Trusts (REITs): Protecting diverse portfolios of residential and commercial properties.
• Mixed-Use Property Owners: Offering comprehensive coverage for properties with both residential and commercial uses.
• Developers: Securing coverage for new construction projects and renovations.

Core Coverages for Real Estate Insurance

General Liability Insurance

Our General Liability Choice® coverage protects against claims that your real estate business caused bodily injury or property damage. This policy helps meet contractual needs for additional insureds, waiver of subrogation, and primary and non-contributory coverage. For businesses with more complex risks, our dedicated Complex Liability group can create a tailored policy to address high hazards.

Property Insurance

Our Property Choice® insurance protects your buildings, facilities, and business equipment. Key coverage extensions include:

• Newly Acquired Property: Protection for newly acquired buildings or expansions.
• Utility Services Interruption: Coverage for losses due to utility service disruptions.
• Ordinance or Law: Covers costs related to compliance with new building codes.
• Green Coverage: Costs to upgrade to energy-efficient systems after a loss.
• Debris Removal: Expenses for removing debris following a covered loss.
• Preservation and Protection of Property: Covers measures taken to protect property from further damage.
• Outdoor Trees, Shrubs, Plants, Lawns, or Sod: Protection for outdoor landscaping.

Umbrella and Excess Liability

This coverage provides your real estate business with worldwide protection and limits up to $25 million, ensuring you are safeguarded against large claims that exceed the limits of your primary liability policies.

Builder’s Risk Insurance

Builder’s Risk Insurance protects developers and property owners from unique risks on both new construction projects and renovations. This coverage includes protection for construction materials, heating and air-conditioning equipment, labor costs, and temporary structures like scaffolding and construction signs.

Pollution Legal Liability

Designed specifically for property owners, this coverage protects against liabilities arising from environmental contamination, ensuring your property remains compliant with environmental laws and regulations.

Cyber Liability Insurance

In today’s digital age, cyber liability insurance helps your real estate business prepare for, respond to, and recover from cyberattacks. This coverage includes protection against data breaches, ransomware, and other cyber threats.

Management Liability Insurance

This coverage protects against liability risks faced by your management team, including directors, officers, and other key leaders. It includes protections for employment practices, fiduciary responsibilities, and other management-related liabilities.

Risk Management Services

Identifying and Mitigating Risks

Our risk engineering team helps identify and address potential risks before they become significant problems. Our services include:

• Property Risk Engineering Surveys: Comprehensive assessments to identify potential risks.
• Slip, Trip, and Fall Assessments: Evaluations to prevent common accidents.
• Water Damage Risk Assessments: Consultative services to develop effective water damage prevention plans.
• Automatic Sprinkler System Evaluations: Ensuring your fire protection systems are up to code.
• Roof Inspections and Maintenance Program Reviews: Regular assessments to prevent roof damage.
• Electrical Prevention Maintenance Reviews: Evaluations to prevent electrical hazards.

Exceptional Claims Service

Our specialized claims team is dedicated to the real estate industry, providing:

• Dedicated Liability Claims Specialists: Experts with an average of 20+ years of experience.
• Seamless Coordination: Effective management of claims to ensure swift resolution.
• Actionable Data and Intel: Providing insights to improve risk management.
• In-House Legal Staff: Jurisdictional knowledge and expertise to support complex claims.
• Certified Public Accountants: Support for business interruption claims to ensure accurate and fair settlements.

Conclusion

Managing the unique risks associated with real estate properties requires specialized insurance solutions. Baldon Insurance Group offers comprehensive and customizable insurance coverage designed to meet the specific needs of the real estate industry.

Our expert team is here to help you navigate the complexities of the industry and ensure your properties are well-protected.