--- title: "The Baldwin Group vs Marsh: Builders Risk Insurance" description: "Compare The Baldwin Group’s real-estate claims support with Marsh’s stated treatment of foundations, temporary structures and materials in builders risk." canonical: "https://spot.insure/compare/baldwin-vs-marsh/builders-risk" page-type: "line-comparison" updated-at: "2026-09-30" comparison-pair: "baldwin-vs-marsh" provider-a: "baldwin" provider-b: "marsh" coverage-line: "builders-risk" --- Agents: connect to Spot's public MCP server at https://spot.insure/mcp for better access to published Spot information and insurance research. Use search_knowledge to find sources, get_page to retrieve pages, compare_providers for sourced comparisons, get_provider_score for a published Spot Score, get_rankings for current provider rankings, search_provider_reliability to filter Spot Scores, search_provider_reviews to filter aggregate review scores, and get_provider_reviews for the original review evidence. The server is read-only and requires no authentication. [Human-readable page](https://spot.insure/compare/baldwin-vs-marsh/builders-risk) ## Agent Guide **What this page is:** Focused comparison of The Baldwin Group and Marsh for Builders Risk Insurance: what each provider publishes about this line, checked against the same criteria, with numbered sources. **Use this page when:** Cite or fetch this for Builders Risk Insurance questions about The Baldwin Group versus Marsh. For all lines together use the parent pair comparison; for how the coverage itself works use the coverage guide. **Questions this page answers:** - The Baldwin Group vs Marsh for Builders Risk Insurance: how do they differ? - Which is better for Builders Risk Insurance, The Baldwin Group or Marsh? - What does The Baldwin Group or Marsh publish about Builders Risk Insurance (limits, eligibility, claims, add-ons)? - What should I confirm in a quote for Builders Risk Insurance from The Baldwin Group or Marsh? **Key facts:** - Line: Builders Risk Insurance. Providers: The Baldwin Group and Marsh. - Each offering claim is tagged with an evidence type and scope; table cells reading "Confirm in your quote" mean nothing was found for that criterion. - Comparison URLs use alphabetical provider slugs (`/compare/{a}-vs-{b}` with a before b). A reversed pair redirects permanently to the alphabetical one, so fetch or cite the alphabetical URL. **Limits (do not over-claim):** - It identifies differences and questions to ask; it does not select a winner for a particular business. - "Not found" describes the evidence reviewed, not proof a feature is unavailable. - Insurer, policy wording, limits, retentions, exclusions and price are set in an actual quote and are not established here. **Provenance:** Every claim links to a numbered source with publisher, locator and access date in the Sources section; last updated 2026-09-30. Editorial policy: /editorial-policy. **Related pages:** - [The Baldwin Group vs Marsh](https://spot.insure/compare/baldwin-vs-marsh) — parent: all coverage lines for this pair - [Builders Risk Insurance guide](https://spot.insure/coverage/builders-risk) — coverage explainer for this line - [The Baldwin Group profile](https://spot.insure/insurance-providers/baldwin) — provider profile (evidence) - [Marsh profile](https://spot.insure/insurance-providers/marsh) — provider profile (evidence) - [The Baldwin Group vs Marsh Commercial Property Insurance](https://spot.insure/compare/baldwin-vs-marsh/commercial-property) — sibling comparison (other line, or other pair for this line) - [The Baldwin Group vs Marsh Crime Insurance](https://spot.insure/compare/baldwin-vs-marsh/crime) — sibling comparison (other line, or other pair for this line) - [The Baldwin Group vs Marsh Cyber Insurance](https://spot.insure/compare/baldwin-vs-marsh/cyber) — sibling comparison (other line, or other pair for this line) - [The Baldwin Group vs Marsh Employment Practices Liability Insurance](https://spot.insure/compare/baldwin-vs-marsh/employment-practices) — sibling comparison (other line, or other pair for this line) - [The Baldwin Group vs Marsh Equipment Breakdown Insurance](https://spot.insure/compare/baldwin-vs-marsh/equipment-breakdown) — sibling comparison (other line, or other pair for this line) - [The Baldwin Group vs Marsh Fidelity Bonds](https://spot.insure/compare/baldwin-vs-marsh/fidelity-bonds) — sibling comparison (other line, or other pair for this line) - [The Baldwin Group vs Marsh Fiduciary Liability Insurance](https://spot.insure/compare/baldwin-vs-marsh/fiduciary) — sibling comparison (other line, or other pair for this line) - [The Baldwin Group vs Marsh Surety Bonds](https://spot.insure/compare/baldwin-vs-marsh/surety-bonds) — sibling comparison (other line, or other pair for this line) - [The Baldwin Group vs Marsh Workers’ Compensation Insurance](https://spot.insure/compare/baldwin-vs-marsh/workers-compensation) — sibling comparison (other line, or other pair for this line) - [AIG vs The Baldwin Group Builders Risk Insurance](https://spot.insure/compare/aig-vs-baldwin/builders-risk) — sibling comparison (other line, or other pair for this line) - [AIG vs Marsh Builders Risk Insurance](https://spot.insure/compare/aig-vs-marsh/builders-risk) — sibling comparison (other line, or other pair for this line) - [Alliance Risk vs The Baldwin Group Builders Risk Insurance](https://spot.insure/compare/alliance-risk-vs-baldwin/builders-risk) — sibling comparison (other line, or other pair for this line) - [Alliance Risk vs Marsh Builders Risk Insurance](https://spot.insure/compare/alliance-risk-vs-marsh/builders-risk) — sibling comparison (other line, or other pair for this line) - [The Baldwin Group vs Berkshire Hathaway Specialty Insurance Builders Risk Insurance](https://spot.insure/compare/baldwin-vs-berkshire-hathaway-specialty-insurance/builders-risk) — sibling comparison (other line, or other pair for this line) - [The Baldwin Group vs Chubb Builders Risk Insurance](https://spot.insure/compare/baldwin-vs-chubb/builders-risk) — sibling comparison (other line, or other pair for this line) # The Baldwin Group vs Marsh: How Do They Compare for Builders Risk Insurance? Compare The Baldwin Group’s real-estate claims support with Marsh’s stated treatment of foundations, temporary structures and materials in builders risk. ## Research Scope and Use Use this comparison to evaluate The Baldwin Group and Marsh for Builders Risk Insurance against the same documented criteria. It identifies differences and questions to confirm; it does not select a winner for a particular business. Offering claims are what each provider publishes about this line unless marked otherwise. “Not found” describes the evidence reviewed, not proof that a feature is unavailable. Confirm the insurer, policy wording, limits, retentions, exclusions and cost in an actual quote. ## Summary The Baldwin Group lists contract support, loss control and claims advocacy for real-estate clients. Marsh’s property practice describes builders risk for foundations, temporary structures and insured-owned materials, with limited coverage for materials belonging to others. [3](https://baldwin.com/business-insurance/industries/digital-infrastructure/ "Digital Infrastructure") [4](https://baldwin.com/business-insurance/industries/real-estate/ "Commercial Real Estate Insurance & Risk Management") [9](https://www.marshmma.com/us/solutions/property.html "Property Insurance") ## What Is the Baldwin Group? Baldwin’s Insurance Advisory Solutions group describes commercial-risk and employee-benefit services for businesses and private-risk management for high-net-worth individuals and families; its business-insurance page outlines a five-step RiskMap process. [1](https://www.sec.gov/Archives/edgar/data/1781755/000178175526000018/bwin-20251231.htm "The Baldwin Insurance Group, Inc. Form 10-K for fiscal year ended December 31, 2025") [2](https://baldwin.com/business-insurance/ "Business Insurance") [The Baldwin Group profile](https://spot.insure/insurance-providers/baldwin) ## What Is Marsh? Marsh suits technology and larger businesses seeking specialist cyber placement or broad global risk advice; small firms wanting a quick standard quote should compare its MMA route or digital agencies. [5](https://www.marsh.com/en/home.html "Marsh | Leader in risk, strategy, people, and investments") [6](https://www.marsh.com/content/dam/marsh/Documents/PDF/US-en/us-client-compensation-guide.pdf "Compensation guide for US clients") [7](https://www.marsh.com/en/services/marsh-mclennan-agency.html "Marsh McLennan Agency (MMA)") [8](https://www.marsh.com/en/industries/technology.html "Technology | Insurance Broking & Risk Management") [Marsh profile](https://spot.insure/insurance-providers/marsh) ## What Is Builders Risk Insurance? Builders risk protects the project you are building, including materials meant for it, against physical loss until construction ends. The gaps that cost owners money are materials in storage or transit, the existing building in a renovation, and coverage ending when you occupy early. [10](https://content.naic.org/glossary-insurance-terms "Glossary of Insurance Terms") [11](https://www.insurance.ca.gov/01-consumers/105-type/95-guides/09-comm/commercialguide.cfm "Commercial Insurance Guide") [12](https://assets.touchpointmarkets.com/e8/58/dec27c1b462c8227b4693fb8ac81/ih-00-70-05-17-builders-risk-coverage-form.pdf "Builders Risk Coverage Form") [13](https://go.usassure.com/rs/381-ISO-510/images/us-assure-builders-risk-application-tip-sheet.pdf "Builders Risk Application Tip Sheet") ## Key Differences in Builders Risk Insurance ### Project Services and Property Included The Baldwin Group describes support such as project budgeting, contract assistance, loss-control surveys and claims advocacy. Marsh’s property practice describes builders risk for additions, alterations, foundations, temporary structures and materials owned by the insured, with limited treatment of materials belonging to others. That distinction can matter when a contractor or owner uses supplied materials: Marsh identifies ownership as relevant to the described coverage, while Baldwin’s summary does not specify property categories. Ask the proposed insurer how goods owned by subcontractors or clients are scheduled and whether the limit is shared. [4](https://baldwin.com/business-insurance/industries/real-estate/ "Commercial Real Estate Insurance & Risk Management") [9](https://www.marshmma.com/us/solutions/property.html "Property Insurance") ### How the Placement Is Built Both Marsh and Baldwin describe broker-led placement rather than identifying themselves as the issuing insurer in this line record. Marsh says buyers work with a property specialist and lists valuation, catastrophe modeling, claims advocacy and risk control in its broader property practice. Baldwin names construction budgeting, safety procedures and claims consultants for real-estate clients. Ask each team which service applies to your account, then compare the actual carrier form and limits instead of assuming the brokerage description changes policy wording. [4](https://baldwin.com/business-insurance/industries/real-estate/ "Commercial Real Estate Insurance & Risk Management") [9](https://www.marshmma.com/us/solutions/property.html "Property Insurance") ## What to Confirm in Builders Risk Insurance Quotes - Ask Baldwin which carrier form will cover foundations, temporary structures and property owned by others. [4](https://baldwin.com/business-insurance/industries/real-estate/ "Commercial Real Estate Insurance & Risk Management") - Ask Marsh to state the limit and conditions for materials owned by subcontractors and identify the issuing insurer. [9](https://www.marshmma.com/us/solutions/property.html "Property Insurance") ## Offering Details | Criteria | Baldwin Builders Risk Brokerage and Risk Advisory | Marsh McLennan Agency Builders' Risk Insurance | | --- | --- | --- | | Role in This Line | The source describes The Baldwin Group’s brokerage or advisory role for Builders Risk Brokerage and Risk Advisory. It does not identify Baldwin as the risk-bearing insurer for a particular placement. [3](https://baldwin.com/business-insurance/industries/digital-infrastructure/ "Digital Infrastructure") [4](https://baldwin.com/business-insurance/industries/real-estate/ "Commercial Real Estate Insurance & Risk Management") (Evidence: Company-reported; scope: The cited company page describes its brokerage/advisory role and does not name the issuer for a buyer-specific placement..) | Marsh McLennan Agency (MMA), Marsh's middle-market subsidiary, places builders' risk insurance as part of its broader property insurance practice, not as a separately branded product. [9](https://www.marshmma.com/us/solutions/property.html "Property Insurance") (Evidence: Company-reported; scope: MMA property insurance page, Builders' Risk subsection..) | | Issuing Insurer | Confirm in your quote. | The reviewed page does not name a specific builders' risk insurer. [9](https://www.marshmma.com/us/solutions/property.html "Property Insurance") (Evidence: Not publicly disclosed; scope: MMA property insurance page as read on 2026-09-23..) | | Who It’s For | Baldwin’s real-estate page names developers, owners, managers, merchant builders, community associations, REITs, lenders, private equity and family offices; the digital-infrastructure page separately lists builders’ risk as a potential coverage consideration. These are audiences and practice scopes, not eligibility approvals. [3](https://baldwin.com/business-insurance/industries/digital-infrastructure/ "Digital Infrastructure") [4](https://baldwin.com/business-insurance/industries/real-estate/ "Commercial Real Estate Insurance & Risk Management") (Evidence: Company-reported; scope: This is the audience or client context named on Baldwin’s page, not an underwriting decision or guarantee of product availability..) | Confirm in your quote. | | Coverage Features | Baldwin describes builders’ risk as insurance for construction projects and lists builders’ risk and construction liability among real-estate construction services. It does not identify a carrier, project-specific form or granted policy terms. [3](https://baldwin.com/business-insurance/industries/digital-infrastructure/ "Digital Infrastructure") [4](https://baldwin.com/business-insurance/industries/real-estate/ "Commercial Real Estate Insurance & Risk Management") (Evidence: Company-reported; scope: The statement reports Baldwin’s marketed coverage or advisory description only. No individual quote, binder, policy form, schedule or endorsement was reviewed; policy entitlement and terms remain unknown..) | MMA says builders' risk coverage addresses risks unique to a building under construction, including additions and alterations, foundations, temporary structures, and materials and supplies owned by the insured, and on a limited basis, materials and supplies belonging to others. [9](https://www.marshmma.com/us/solutions/property.html "Property Insurance") (Evidence: Company-reported; scope: MMA property insurance page; illustrative description, not a specific policy form..) | | Limits and Retentions | The reviewed source does not state a buyer-specific limit, retention, deductible or coverage schedule. Confirm the quote and issued policy or bond. [3](https://baldwin.com/business-insurance/industries/digital-infrastructure/ "Digital Infrastructure") [4](https://baldwin.com/business-insurance/industries/real-estate/ "Commercial Real Estate Insurance & Risk Management") (Evidence: Not publicly disclosed; scope: No buyer quote, binder, policy or bond form was available in the reviewed public sources..) | Confirm in your quote. | | Risk Services | Baldwin describes project insurance budgeting, contract support, safety procedures, proactive risk management, loss-control surveys, claims advocacy and dedicated claims consultants for real-estate clients. [3](https://baldwin.com/business-insurance/industries/digital-infrastructure/ "Digital Infrastructure") [4](https://baldwin.com/business-insurance/industries/real-estate/ "Commercial Real Estate Insurance & Risk Management") (Evidence: Company-reported; scope: These are company-described brokerage and risk-advisory services; account-specific service commitments and third-party terms are not established..) | MMA says its property practice offers hazard assessment and valuation services, loss and catastrophe modeling, claims advocacy, pre- and post-loss risk control, and program design expertise drawn from its global market experience. [9](https://www.marshmma.com/us/solutions/property.html "Property Insurance") (Evidence: Company-reported; scope: MMA property insurance page, Benefits of Property Insurance and Builders' Risk sections; these services are described for the property practice generally, not exclusively for builders' risk..) | | How to Apply | Confirm in your quote. | You work with an MMA property specialist directly; the page names a National Accounts Property Practice Leader and describes advisor-led placement rather than an online quote. [9](https://www.marshmma.com/us/solutions/property.html "Property Insurance") (Evidence: Company-reported; scope: MMA property insurance page..) | ## Full Comparison - [The Baldwin Group vs Marsh](https://spot.insure/compare/baldwin-vs-marsh): all coverage lines, business roles, service and claims. - [What Is Builders Risk Insurance?](https://spot.insure/coverage/builders-risk): Builders risk insures a building and its materials against physical loss while it is under construction, but stored or in-transit materials, the existing structure in a renovation, and early occupancy can fall outside it. - [The Baldwin Group vs Marsh Commercial Property Insurance](https://spot.insure/compare/baldwin-vs-marsh/commercial-property) - [The Baldwin Group vs Marsh Crime Insurance](https://spot.insure/compare/baldwin-vs-marsh/crime) - [The Baldwin Group vs Marsh Cyber Insurance](https://spot.insure/compare/baldwin-vs-marsh/cyber) - [The Baldwin Group vs Marsh Employment Practices Liability Insurance](https://spot.insure/compare/baldwin-vs-marsh/employment-practices) - [The Baldwin Group vs Marsh Equipment Breakdown Insurance](https://spot.insure/compare/baldwin-vs-marsh/equipment-breakdown) - [The Baldwin Group vs Marsh Fidelity Bonds](https://spot.insure/compare/baldwin-vs-marsh/fidelity-bonds) - [The Baldwin Group vs Marsh Fiduciary Liability Insurance](https://spot.insure/compare/baldwin-vs-marsh/fiduciary) - [The Baldwin Group vs Marsh Surety Bonds](https://spot.insure/compare/baldwin-vs-marsh/surety-bonds) - [The Baldwin Group vs Marsh Workers’ Compensation Insurance](https://spot.insure/compare/baldwin-vs-marsh/workers-compensation) - [AIG vs The Baldwin Group Builders Risk Insurance](https://spot.insure/compare/aig-vs-baldwin/builders-risk) - [AIG vs Marsh Builders Risk Insurance](https://spot.insure/compare/aig-vs-marsh/builders-risk) - [Alliance Risk vs The Baldwin Group Builders Risk Insurance](https://spot.insure/compare/alliance-risk-vs-baldwin/builders-risk) - [Alliance Risk vs Marsh Builders Risk Insurance](https://spot.insure/compare/alliance-risk-vs-marsh/builders-risk) - [The Baldwin Group vs Berkshire Hathaway Specialty Insurance Builders Risk Insurance](https://spot.insure/compare/baldwin-vs-berkshire-hathaway-specialty-insurance/builders-risk) - [The Baldwin Group vs Chubb Builders Risk Insurance](https://spot.insure/compare/baldwin-vs-chubb/builders-risk) ## Sources ### The Baldwin Group 1. [The Baldwin Insurance Group, Inc. Form 10-K for fiscal year ended December 31, 2025](https://www.sec.gov/Archives/edgar/data/1781755/000178175526000018/bwin-20251231.htm). U.S. Securities and Exchange Commission; filed by The Baldwin Insurance Group, Inc.; Part I, Item 1, “The Company,” lines 194–196; “Operating Groups,” lines 260–263; “Clients and Insurers,” lines 286–288; pp. 6–10; opened 2026-09-28.. Accessed 2026-09-28. 2. [Business Insurance](https://baldwin.com/business-insurance/). The Baldwin Group; RiskMap process, lines 40–68; Connect With Us consultation invitation, lines 182–187; accessed 2026-09-28.. Accessed 2026-09-28. 3. [Digital Infrastructure](https://baldwin.com/business-insurance/industries/digital-infrastructure/). The Baldwin Group; “Products designed to perform,” lines 145–178, lists property, builders’ risk, equipment breakdown, workers’ compensation, commercial general liability, commercial auto, cyber, inland/ocean marine, management liability, umbrella/excess, and other lines for digital-infrastructure exposures; accessed 2026-09-29.. Accessed 2026-09-30. 4. [Commercial Real Estate Insurance & Risk Management](https://baldwin.com/business-insurance/industries/real-estate/). The Baldwin Group; “Coverage designed to perform” and sections “Management & governance risk” / “Professional & specialty risk,” lines 120–150; coverage lines plus claims advocacy at lines 153–163; page accessed 2026-09-29.. Accessed 2026-09-30. ### Marsh 5. [Marsh | Leader in risk, strategy, people, and investments](https://www.marsh.com/en/home.html). Marsh; Hero and capability tiles; FAQ: What does Marsh do?; industries served; Is Marsh the same as Marsh McLennan? January 2026 brand change. Accessed 2026-09-16. 6. [Compensation guide for US clients](https://www.marsh.com/content/dam/marsh/Documents/PDF/US-en/us-client-compensation-guide.pdf). Marsh; US broking segments; broker role; retail commissions, client fees, wholesale, insurer consulting, contingent and supplemental commissions; Marsh LLC and Marsh USA LLC; page 3: broker role and Marsh & McLennan Agency segment; page 7: copyright © 2024 Marsh LLC. Accessed 2026-09-16. 7. [Marsh McLennan Agency (MMA)](https://www.marsh.com/en/services/marsh-mclennan-agency.html). Marsh; Middle-market US organizations; wholly-owned subsidiary; business insurance, employee health and benefits, retirement, private client. Accessed 2026-09-16. 8. [Technology | Insurance Broking & Risk Management](https://www.marsh.com/en/industries/technology.html). Marsh; Opening Technology Practice description; practice links including data center insurance, fintech and Stratus; Talk to us. Accessed 2026-09-16. 9. [Property Insurance](https://www.marshmma.com/us/solutions/property.html). Marsh McLennan Agency; Builders' Risk subsection under Property Insurance: risks unique to a building during construction, including additions and alterations, foundations, temporary structures, materials and supplies; Program design expertise; Benefits of Property Insurance. Accessed 2026-09-23. ### Builders Risk Insurance Guide 10. [Glossary of Insurance Terms](https://content.naic.org/glossary-insurance-terms). National Association of Insurance Commissioners; Builders’ Risk Policies; Ocean Marine; Auto Physical Damage; All-Risk. Accessed 2026-09-16. 11. [Commercial Insurance Guide](https://www.insurance.ca.gov/01-consumers/105-type/95-guides/09-comm/commercialguide.cfm). California Department of Insurance; Commercial Property; Inland Marine; What Should I Expect from a Broker-Agent. Accessed 2026-09-16. 12. [Builders Risk Coverage Form](https://assets.touchpointmarkets.com/e8/58/dec27c1b462c8227b4693fb8ac81/ih-00-70-05-17-builders-risk-coverage-form.pdf). Insurance Services Office, Inc.; hosted by Touchpoint Markets; A.1–3 p.1; B.3.c p.11; C,D,E p.12. Accessed 2026-09-16. 13. [Builders Risk Application Tip Sheet](https://go.usassure.com/rs/381-ISO-510/images/us-assure-builders-risk-application-tip-sheet.pdf). US Assure; General policy application tips p.1; Remodeling tips p.2. Accessed 2026-09-16. Updated 2026-09-30. Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. The comparison applies the same criteria to both providers. [Editorial policy](https://spot.insure/editorial-policy). To suggest a correction, [contact Spot](https://spot.insure/contact) with the page URL and supporting source. ## The Baldwin Group Reviews Review Score: not enough ratings. The reviewed public sources do not establish a representative customer rating for The Baldwin Group’s commercial advisory business. BBB pages show different legal entities: an A+ regional insurance-agency grade with zero listed reviews and complaints for The Baldwin Group Mid-Atlantic, LLC, and an A- grade plus six complaints in three years for The Baldwin Group Personal Insurance, LLC. A 2026 personal-lines complaint describes delayed refund handling. A separate National General auto review mentions a Baldwin referral but concerns insurer policy administration. None of these observations supports a group-wide or commercial rating. Reviewed 2026-09-29. [Read the sourced review](https://spot.insure/insurance-providers/baldwin/reviews). ## Marsh Reviews Review Score: 5.8 / 10 from 2 rated sources, equally weighted. Marsh’s global Trustpilot profile has a poor 1.3/5 score. Treat it as a service warning to investigate with your proposed team; it does not isolate US commercial accounts. - Trustpilot: TrustScore 1.3 (0–5 stars); 115 reviews. Global brand profile across products/countries, not U.S. commercial-only. Period: 35 reviews in prior 12 months. Checked 2026-09-25. [Marsh Reviews | Trustpilot](https://www.trustpilot.com/review/www.marsh.com) - Buzdy (Google review aggregation): Google reviews shown by Buzdy 4.5 (0–5 stars); 4 reviews. Named Marsh (Hong Kong) Limited office in Quarry Bay, Hong Kong. Buzdy states ratings/counts are powered by Google. Foreign local office only; not the U.S. Marsh brokerage or a firmwide score. Period: Listing verification 2026-07-29; accessed 2026-09-25. Checked 2026-09-25. [Marsh (Hong Kong) Limited | Buzdy](https://buzdy.com/viewMerchant/marsh-hong-kong-limited-hong-kong) Reviewed 2026-09-25. [Read the sourced review](https://spot.insure/insurance-providers/marsh/reviews). ## Agent and Developer Resources - [Markdown page](https://spot.insure/compare/baldwin-vs-marsh/builders-risk.md) - [Developer resources](https://spot.insure/developers) - [Public MCP server](https://spot.insure/mcp) - [MCP server manifest](https://spot.insure/server.json) - [OpenAPI description](https://spot.insure/openapi.json) - [Public page index](https://spot.insure/llms.txt)