Property Developers Insurance
Property Developers Insurance
Whether your business is in residential or commercial property development, you need a comprehensive insurance plan that protects you against the hazards of the trade.
Property development is a serious business, involving big investment and multiple risks – from contract issues to theft and natural disasters. It’s vital that you are fully insured with a watertight property developers insurance policy.
An experienced, professional insurance broker like BJP is used to scrutinising businesses like yours to find any holes that might lead to major financial loss. We can work with you to assess your real needs, and source you a quality Property Development Insurance plan from one of the UK’s leading insurers.
Who needs Property Developers Insurance?
Property Development Insurance benefits property developers of all kinds and sizes – from house owners refurbishing or extending their homes to professionals running multiple projects side by side.
BJP will look at your individual situation and adapt your insurance package accordingly. Premiums and benefits can differ quite widely as a result.
What is Property Developers Insurance?
Property Development Insurance isn’t a one-size-fits-all policy, but a collection of different covers tailored to your specific needs. You may work on small, residential developments in rural areas, or large-scale commercial urban projects. Whatever your situation, we can assess your situation and find you an insurance solution that’s right for your business.
All our Property Development Insurance plans are flexible, which means we can add and remove covers according to your requirements. However, a typical Property Development Insurance policy would usually include the following covers:
Property Developers Public Liability Insurance.
This is a vital cover for anyone working in the development trade. It provides financial protection in a case where your business activities are found responsible for injuring or killing a third party. Bear in mind that if the main contractor’s or architect’s insurance is inadequate, the responsibility for almost any accident can fall on the developer.
Employers Liability Insurance.
A legal requirement for almost any property developer, given the scale of most development projects, this covers you against similar claims made by your own employees – whether they’re full-time, part-time or casual.
Contracts work cover.
This will protect your development against almost any hazard or damage – such as may be caused by fire, flood, storm, vandalism or theft. It can be extended to cover your materials, tools and any temporary buildings erected during the project.
Unoccupied Property Cover.
Your development project may stand empty for some time after completion. Due to the substantially increased risks, many insurers are reluctant to cover unoccupied properties for more than 30 days. However, at BJP we can make sure that you remain insured whatever your circumstances.
Some other covers we frequently recommend to our property developer clients are:
- Commercial Vehicle Insurance
- Motor Fleet Insurance
- Office Insurance
- Professional Indemnity Insurance
- Directors & Officers Liability Insurance
- Legal Expenses Insurance
- Tax & VAT Investigation Fee Protection
- Tax & VAT Investigation
Why buy my Property Developers Insurance through BJP?
With nearly 20 years’ experience in negotiating quality insurance packages for small and mid-sized businesses, and with a special focus on the construction industry, BJP is perfectly placed to find your Property Developers Insurance plan.
We have strong relationships with some of the UK’s most trusted insurers – and our knowledge of the market gives us invaluable insights when pairing our clients with the right insurance company.
When it comes to making a claim, a professional insurance broker such as BJP will be worth their weight in gold, helping you through the process to make it as quick and painless as possible.
Did you know that if you are buying a property that is less than 12 years old or being built from scratch you could purchase a Latent Defects Insurance? This can protect you against problems occurring in either the design or the construction phase of the project. Speak to one of our advisors to find out how we can help.