Case study: Helping major social housing developments navigate contractor insolvency
Despite a slowdown in insolvencies, construction remains the most impacted industry in the UK – due to the combined effect of ongoing project and planning
Our core areas of expertise within the consultancy service include latent defects insurance and contractors all risk for the UK property market. This array of expertise is spread across all aspects of prime and super-prime residential projects, commercial developments, conversion, and refurbishment projects.
Almost 4,500 construction businesses fell into significant financial distress in the third quarter of 2020. This has strengthened 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.
We provide a range of structural warranties for commercial and residential property throughout the UK. These warranties help protect from latent defects that may occur following the practical completion of a build.
Construction All Risk and Contractors All Risk (CAR) are flexible policies designed specifically for contractors and developers working on construction sites in order to provide financial protection against a wide range of liability and property risk. In the event of damage due to flood, fire, etc the policy will cover the cost so that the contractor doesn’t end up out of pocket.
Our experienced team acts as impartial advisors to developers, owners, administrators, and insurers for higher-risk and high value projects, which often have complex requirements. Each project is unique, so we offer a bespoke approach combining specialised insurance expertise and access to multi-disciplinary technical consultancy. With comprehensive support across the project lifespan, we help clients confidently navigate recent changes in regulation and succeed in a challenging market.
Despite a slowdown in insolvencies, construction remains the most impacted industry in the UK – due to the combined effect of ongoing project and planning
The structural warranty landscape is poised for significant changes, driven by legislative adjustments that could extend the warranty duration to a minimum of 15 years.
Housing associations (HAs) are crucial to achieving the government’s promise of delivering 1.5 million homes. Social housing currently accounts for 20% of all housing starts
London
60 Margaret Street, London, W1W 8TF
Email: info@lbb.london
Telephone: 0203 701 0422
The London Belgravia Group Provides Risk and Insurance Advisory Solutions To Global Property Developers. London Belgravia Brokers Ltd is an appointed representative of Ten Insurance Services Ltd, which is authorised and regulated by the Financial Conduct Authority