
Developers
Our primary service to property developers is the provision of
bespoke employer-led project insurance programmes which enable the
Client to take direct control of the construction insurance
arrangements. The adversarial nature of the construction
industry can leave the employer highly exposed if he adopts the
traditional route of relying on contractors’ insurance.
We cost-effectively offer the widest cover available in the
construction insurance market and our positive approach is welcomed
by developers of all shapes and sizes in the UK.
These programmes typically include the following cover:-
- Contract Works
- Third Party Liability
- Non-negligent Liability
- Advance Loss of Profits/Rent
- Loss of Interest on Borrowed Capital
- Liquidated and Ascertained Damages
- Excess Completion Costs
- Force Majeure
- Latent Defects
Our comprehensive Client services include
the following:-
- Collaboration with the Client and
professional team to ensure a smooth and effective implementation
of the Project Insurance programme
- A thorough understanding of a wide range of
construction contracts e.g. JCT, ICE, MF, NEC, PPC2000, MPF, FIDIC
and the insurance implications arising therefrom
- Advising Clients and the professional team
on amendments to or drafting of contract insurance
clauses
- Identification of risk exposures and the
provision of high quality risk management advice
- Broad expertise in the handling of
construction insurance claims in a proactive fashion