Matt Percival, who has been with LBB as a consultant for three years, recently joined our Major Projects team. Matt’s combination of technical knowledge and experience offers clients a 360-degree view of their projects, ensuring insurance needs are met from the conceptual phase to completion.
Matt’s dedication to providing tailored insurance coverage stems from his academic background and membership of the Chartered Insurance Institute. His commitment to problem-solving and expertise shines through in his proven track record, where he has successfully overcome challenges ranging from meeting both A-Rating standards and housing association demands, to sourcing tailored warranty solutions for higher-risk schemes.
Matt is a trusted partner for his clients, offering not just insurance but comprehensive support that guides clients through regulatory changes and market challenges with confidence. He joins us to discuss his focus on client needs, and experience working on large complex projects.
Tailored insights for seamless project assurance
“Understanding the sector and delivering the best coverage is at the core of our approach at LBB. We have daily interactions with professionals across the industry – architects, engineers, and project managers – and this enhances our ability to support developers, allowing us to grasp their challenges and provide nuanced advice,” says Matt. “We pride ourselves on a bespoke approach that combines specialised insurance expertise with access to multi-disciplinary technical consultancy.”
“I believe this added perspective ensures clients receive more than the usual broker experience; by working with us they can be sure they are getting advice from a team that truly understands the construction world,” Matt adds. “I see my role as simplifying complex warranty details into actionable insights, making the project’s journey smoother and keeping managers informed and involved.”
Insurance solutions rooted in construction expertise
Matt started his career studying construction and holds an HNC in Construction Management which proved valuable in his time serving as a technical underwriter. He also and has achieved CII status through the Chartered Insurance Institute.
“With a background in the construction sector, and experience as an underwriter, I have an in-depth understanding of defects prevention and their underlying causes.” Matt comments, “I provide tailored construction insurance solutions that go beyond surface-level problem identification to uncover the roots of issues.”
“My training, and my client experience, bolster my ability to understand and meet clients’ unique demands, ensuring they receive comprehensive construction insurance solutions that align perfectly with their project,” Matt adds.
Proven problem-solving and adaptability
Matt’s professional journey is marked by numerous instances where his problem-solving skills and adaptability have been rigorously tested and proven, offering clients a reliable partnership that effectively tackles challenges head-on.
“Securing the correct product for the building use requirement is key, and a broker can help navigate that for you. I assisted a London-based developer who previously used a Professional Consultant Certificate (PCC) on advice from another broker for their developments and was unaware of the differences from a structural warranty. I was able to advise on the distinctions and applications of each product,” Matt shared.
“We discussed two upcoming projects, with build costs of approximately £15 million and £6 million, which were due to commence in the coming weeks. Both of these developments were of a build-to-sell nature, and the developer would likely face issues selling these units with a PCC in place—potentially leaving them with unsellable assets. After explaining the importance of lender acceptance, I secured A-rated warranty terms within weeks, ensuring smooth instruction before construction began.”
This experience highlights Matt’s ability to understand complex client needs, provide expert advice, and secure timely solutions that align with industry standards, ultimately safeguarding his clients’ investments and facilitating successful project outcomes.
Serving unique client needs
As Matt continues his work with us, his approach goes beyond traditional brokerage – he sees himself as an advisor and partner for clients, ready to help with any challenges that arise.
Matt comments: “For Major Projects it is vital that advice isn’t generic but crafted distinctly for each project’s specific requirements – my role is to offer clients proactive tailored solutions that cater to their unique needs.”
“It is undoubtedly a challenging time, but our comprehensive support throughout the project lifespan ensures clients can confidently navigate regulatory changes and achieve success in a challenging market,” Matt affirms.
Get in touch with Matt to chat about a project or arrange expert advice by telephoning 0204 5132 934 or e-mailing mp@lbb.london. You can also check out Matt’s profile on LinkedIn.
