Mitigating Risks with Commercial Latent Defect Insurance
Covid-19 has undeniably had mixed impacts on the commercial property market. While some areas have felt the effects more strongly than others, the industrial/ logistics
Specialist Insurance Solutions
Offering property developers impartial & connected advice
London Belgravia Brokers provides insurance solutions to global property developers and professionals working within the UK real estate market. We are authorised and regulated by the Financial Conduct Authority so our clients can be assured of best in market advice at all times.
Our core areas of expertise within the brokerage service includes latent defects insurance, performance bonds, insurance backed guarantees, developer insolvency, and loss of deposit cover for the UK property market. Our debt advisory arm, London Belgravia Specialist Finance, is recognised in the market for it’s in-depth knowledge of structuring both short and long-term commercial solutions.
This array of expertise is spread across all aspects of prime and super prime residential projects, commercial developments, conversion, and refurbishment projects. Our ability to transcend both the insurance and finance markets enable our clients to benefit from independent and connected advice in what have become two very crowded and potentially overbearing market.
Our Areas of Specialism
Commercial Latent Defects Insurance
Almost 4,500 construction businesses fell into significant financial distress in the third quarter of 2020. This has served to strengthen the view of lenders and investors alike, that any contractor, regardless of age and size can be at risk in these uncertain times. As such lenders and investors should look to add as much protection to their investments as possible.
10 Year Structural Warranty
If your company owns, develops, designs, builds, residential property then you should be aware of the existence, requirement for and benefits of 10 Year Structural Warranty.
Insurance Backed Guarantee
An Insurance Backed Guarantee (IBG) is an gurantee offered by an insurer that will honour the terms of a warranty that was issued by the contractor. This offers peace of mind to all parties that if there are any defective works or the contractor ceases to trade, the insurer will honor any valid claims.
Performance Bonds
Performance bonds are commonly used to protect the developers interest on a project. The bond guarantees that the value of work will not be lost in the event of contractor insolvency.
Latest Blogs
Contractors All Risk Insurance: Case Study
A residential developer client of ours recently approached us to assist in arranging Contractors All Risk insurance. The client had a complex requirement as they
London Belgravia Brokers selected for major Propiteer Housing Project
Propiteer Ltd turned to 10-year structural warranty specialist, London Belgravia Brokers, to facilitate the sharpest premium for their £27 million residential development in Essex. Brizes
