We have many years’ experience arranging flexible insurance solutions for the commercial property market, and have an in-depth knowledge of the types of risks facing property investors and property developers.

As required, we can tailor cover for investment properties so that all risks are protected, including damage to buildings, loss of rental income and property owner’s liability. If necessary, we can also arrange for enhanced wording and bespoke cover to be included within your insurance policy, providing additional levels of protection.

We can provide expert advice on the insurance requirements of property developments, including buildings awaiting demolition, conversion or refurbishment; constructional work; and other properties on-site, such as plant and temporary buildings owned by or the legal responsibility of the developer.

We will advise on the different insurance options available and how they can be arranged to comply with the contractual requirements of different parties involved in the development.

This can include Latent Defects Insurance, covering damage resulting in or the threat of imminent collapse caused by unknown and built-in defects, which is usually applicable to new-build contracts for a 10, 12 or 15-year period and offers long term protection, including defective workmanship, without the need to establish fault.

Delayed Start up may also be applicable, insuring against losses incurred due to deferment of the completion date, such as loss of rental or other income or continuation of interest charges. Given the large sums of money invested in property development and the danger of damage and delay, it is advisable to insure against these losses. We are happy to advise, as in our experience, many such situations are unique.