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Owner Controlled Insurance Programs

Whether you operate an existing property portfolio and are looking at a new build or major refurbishment or a first time investor contemplating the project management of a one-off project, you should be considering talking to our Specialist Risks team.

From PFI projects, to university funded student accommodation, from major retail parks to flat conversions of existing structures we can help.

Arranging insurance specific to a project and controlled by you offers many advantages. In essence the key word is 'control'. Control of costs, cover and claims.

Advantages in more detail include:

Premium/Cost Control

  • One fixed price for the duration of the contract
  • Competitive Pricing compared to contractor’s cost plus charging
  • Full choice of insurer – not limited to the contractor’s carrier
  • Premium assessed on the risk of the job – not the experience of the contractor
  • Deductibles that suit you

Wider Scope Of Coverage

  • No gaps – full tier cover for all materials and all contractors on site
  • Wider defects cover available including DE5

Financial Instruments Covers available including:

  • Delay in Start Up
  • Loss of Interest – payable and receivable
  • Loss of advance profits/rental

Post Completion Covers

  • Commissioning and testing covers
  • Latent Defects
  • Existing Structures
  • Control of Claims
  • One policy to go to if there is a loss
  • No inter-contractor arguments on responsibility and/or liability
  • Direct reimbursement to you

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