Case Study on Performance Bonds
Performance Bond Overview: Performance bonds are commonly used to protect the developers’ interest in a project. It is provided to guarantee against any failure of
Specialist Insurance Solutions
Offering property developers impartial & connected advice
London Belgravia Brokers provide 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 the best in market advice at all times.
Our core areas of expertise within the brokerage service include latent defects insurance, performance bonds, insurance backed guarantees, contractors all risk and loss of deposit cover 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.
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 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.
10 Year Structural Warranty
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.
Insurance Backed Guarantees
An Insurance Backed Guarantee (IBG) is a guarantee offered by an insurer that will honour the terms of a warranty that the contractor issued. This provides peace of mind to all parties that if 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 in a project. The bond guarantees that the value of work will not be lost in the event of contractor insolvency.
Latest Blogs
The Impact of Phosphates and Nitrates on the Construction Industry
The Problem Phosphates and Nitrates are Causing the Construction Industry: Millions of pounds worth of construction has been held up mainly in the South of
Retrospective Building Warranty Case Study: The Portland
History of The Portland: The Portland is a historic building situated in the centre of Malvern which was recently converted into 12 luxury apartments. The
