Mitigate your risks with
Commercial Latent Defects Insurance

With 4,500 construction businesses falling into significant financial distress in Q3 2020,  this has served to strengthen the view of owners, funders and investors alike, that any contractor, regardless of age and size, can be at risk of liquidation.

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Key Benefits Of Commercial LDI:

Commercial LDI provides an added and essential element of protection, as it mitigates the risk posed by a contractor’s refusal and/or inability to rectify major defects. In addition, it can be extended to cover loss of rent as a result of a defect, meaning that investors’ returns can also be protected in this situation.

Fully transferable to subsequent owners

Cover available for loss of rent

Cover available for M&E loss and associated loss of rent​

Can be used as an effective sales tool

Any property built for commercial use can be covered including student accommodation, shops, restaurants, hotels, care homes, retail units, etc

The policy covers the structure of the building for a period of 10 or 12 years

If you have any questions regarding the world of commercial latent defects, please get in touch.
London Belgravia Brokers Provide Risk and Insurance Advisory Solutions To Global Property Developers, Investors And High Net Worth Individuals. Our Areas Of Specialism Include Commercial Latent Defects, 10 year Structural Warranties, Performance Bonds, Insurance Backed Guarantees, Developer Insolvency, And Loss Of Deposit Cover For The UK Property Market.
London Belgravia Brokers Ltd Is An Appointed Representative Of Ten Insurance Services Ltd, Which Is Authorised And Regulated By The Financial Conduct Authority

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