Oskar Ficek - August 9, 2024

The Problem:

In March 2023 a prestigious luxury apartment development, nearing 70% completion, faced a challenging scenario. The original warranty provider decides to withdraw coverage due to concerns surrounding the building’s cladding material. In construction, time is money, and this unexpected delay presented a challenge for the client.

Enter Compariqo, a leading provider of specialist insurance solutions for the UK construction industry. Recognising the urgency and complexity of the situation, Compariqo’s dedicated account manager Jacqui Penfold sprung into action.

The Solution:

• Tailored Warranty Solutions: Compariqo conducted a thorough risk assessment, understanding the cladding concerns while prioritising the project’s viability and the safety of the project’s end-users. This meticulous approach allowed us to secure alternative warranty coverage for the client, ensuring project completion and peace of mind for future homeowners.
• Building Control Continuity: Another hurdle emerged when the original building control company went into liquidation. This could have caused significant delays in obtaining crucial inspections. However, Compariqo’s commitment extends beyond insurance. Jacqui, a dedicated Compariqo expert, leveraged the company’s vast network to source alternative building control cover. This swift action ensured the project could proceed without further disruption.

Compariqo: Your Trusted Partner in Construction Challenges:

This case study highlights Compariqo’s unwavering dedication to exceeding client expectations. Here’s what sets us apart:

• Expert Risk Management: We prioritise both compliance and client needs, ensuring solutions are secure and viable.
• Flexibility and Resourcefulness: We don’t shy away from complex situations. Our team leverages expertise and industry connections to find creative solutions.
• Unwavering Commitment: We understand the time-sensitive nature of construction. We work tirelessly to minimise delays and keep projects on track.

Don’t Let Challenges Derail Your Project:

Unexpected challenges are a reality in construction. Don’t navigate them alone. Our team of specialists will assess your specific needs and provide a comprehensive insurance solution, ensuring your project runs smoothly and reaches successful completion.