38C — March 29 - April 11, 2019 — The Best of 2018 — M id A tlantic

Real Estate Journal


The BEST INSURANCE BROKER of 2018 Hugh Wood, Inc. Philadelphia, PA

Specialties: Proprietary Property & Liability Program for Real Estate Owners, Managers & Developers Hugh Wood, Inc. works not only as a broker, but also as an underwriter. Its unique to also uphold underwriting authority in addition to act- ing as a broker. Many regional brokerage firms work with us to access our Real Estate program because there is nothing else like it available. We insure in the Program a wide range of commercial and residential real estate located throughout the United States. We also have the ability to readily arrange international coverage for various property types. Since we specialize in Real Estate we provide comprehensive insurance solutions to our clients on a daily basis. We identify, minimize, and transfer the risk of losses by recommending the most appropriate and cost effective insurance placement, be it for a single location or a large property portfolio. Property Owners

We understand the Real Estate business and fully recognize the specialized insurance needs of each of our owner insureds. In addition to the asset and revenue protection requirements there are also various contract covenants and other obligations that must be satisfied. We will arrange an insurance program with the full benefit of a manuscript policy wording that will meet these requirements. We also provide active claims service, loss control and timely and accurate document management. Property Managers We have the knowledge and experience to successfully negotiate the most suitable insurance arrangements for clients of property managers. We have designed the Program for full lease compliance and we use most efficient administration in policy documents issuance and prompt claims response. We also offer advisories and seminars for building management staff on relevant insurance and risk management matters. Developers The insurance needs of developers are not limited to the standing assets and revenue stream. The property may be refurbished, converted or even demolished and totally redeveloped. This process may require third party financing and contracts with other parties who will undertake the work, manage the project or provide other professional services. We understand completely the unique nature of Real Estate development and offer insurance solutions required by specific conditions of each individual project. Ryan M. Barbacane Senior Vice President

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