London Belgravia Brokers
Commercial LDI: Is it worth having?
Almost 4,500 construction businesses fell into significant financial distress in the third quarter of 2020. This has served to strengthen the view that any contractor can be at risk, and as such, owners and funders should look to add as much protection to their investment as possible.
Commercial Latent Defect insurance (LDI) mitigates the risk posed by a contractor’s refusal and/or inability to return to site. In addition to this, 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.