LBB saves Stoke-on-Trent contractor thousands
LBB has secured a 10-year structural warranty for a project comprising nine new-build bungalows in Stoke-on-Trent. The build-to-sell scheme was brought to LBB by the main contractor on the site, Carson Powell Construction.
Project Overview
Developer: Carson Powel Construction Ltd.
Location: Stoke-on-Trent
Build cost/sum insured: £1.5 million
LBB Consultant: Oliver Smith
Oliver Smith, Consultant at LBB (pictured), assessed the requirements carefully and went to market to obtain the most suitable coverage for the best value.
Ultimately, ICW emerged as the provider of choice–insuring a sum of £1.5m at a premium that saved the contractor thousands of pounds.
“Many new and existing clients of ours are unaware of the breadth of the market and what they should expect to be paying for their warranties today,” Oliver explains.
“It’s our job to present the best possible options, transparently, to relieve this burden from the contractor or developer.
“In this climate, any saving is of huge value to developers, and we are proud to be assisting them in getting the right cover for the right price.”
At LBB, we’re seeing too many contractors and developers making decisions without being aware of what the whole market has to offer. That’s where we step in:
✔️ Independent
✔️ Transparent
✔️ Focused on value
LBB is an independent insurance broker, with over a decade specialising in latent defects insurance and structural warranties across residential and commercial sectors.
Recent and ongoing changes to the insurance and regulatory landscape as well as levy requirements have necessitated additional, tailored support from a specialist partner–and we offer just that.
This case study is intended for professional clients and does not constitute personal advice or a financial promotion to retail customers.
The London Belgravia Group Provides Risk and Insurance Advisory Solutions to Global Property Developers. London Belgravia Brokers Ltd, t/a LBB, is an appointed representative of Ten Insurance Services Ltd t/a Eleven Network, which is authorised and regulated by the Financial Conduct Authority
