Insurance Services

Development Risk

Supporting property developers
Individual insurance for individual projects

At Hepburns, we understand that insurance for property developers can vary drastically depending on the type of project you undertake, with each project needing a different cover. Understanding your needs and the different types of risks involved is key to any appropriate protection, so we take the time to get to know you and your project, to create the right solution for you and your clients.

From contract works, public liability, and non negligence cover there is no size fits all policy and with over 50 years experience insuring property developers and their projects across the Channel Islands, we know how important it is to choose the right level of protection in case things go wrong.

Protecting you in the aftermath of latent defects
Latent defects

If structural damage arises months or years after the practical completion of a newly built or conversion project, Latent Defects insurance can help cover the cost of repairs or rebuilding. A flaw in the building’s design or construction, as well as poor materials, might cause latent problems.

This type of damage can be extremely disruptive, costly, and complicated, and it can have a significant negative influence on your company. That’s why, for property developers, financiers, and owners or tenants, it makes .good business sense to limit the risk with building Latent Defects insurance. The assurance provided by a Latent Defects policy can entice investors, speed up sales and lettings, and make future property sales easier.

It can also help avoid costly litigation which seldom offers any certainty of a positive, let alone cost-effective outcome. Perhaps the most important part of a Latent Defects Policy is the proactive risk management which is provided by the insurers Surveyors who regularly visit the site during construction and act as another pair of professional eyes on the works, helping to ensure that the works are being carried out correctly.

Development Risk

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