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Construction Insurance

Whether you are a Developer or other professional working within the construction industry, we provide a broad range of specialist services to support you.

In addition to structural warranties, we also have access to a wide range of niche and bespoke insurance products via our Principal – Kay International PLC.

Please don’t hesitate to Contact Us, should you have any queries.

Construction Insurance

Whether you are a Developer or other professional working within the construction industry, we provide a broad range of specialist services to support you.

In addition to structural warranties, we also have access to a wide range of niche and bespoke insurance products via our Principal – Kay International PLC.

Please don’t hesitate to Contact Us, should you have any queries.

Residential Warranties

You may be building a single unit using a bespoke design, or undertaking a complex conversion project, or about to embark on a large scale residential development.

At Compariqo, we are able to look at a wide range of structural warranty options for you from different providers across the market place, helping you to make an informed choice based on your specific needs.

Mixed Use Schemes

Many developments will include an element of commercial space, typically on the ground floor with residential units above.

Compariqo can source structural warranty cover for these mixed used developments whether you require cover for specific parts of the build, or the whole development.

Insurance Backed Guarantees

These guarantees typically relate to specialist works concerning flat roofs and basements when they form part of a new or newly converted development.

If your development has a flat roof or basement, some warranty providers will require an insurance backed guarantee, or IBG to be provided by the contractor undertaking these works. Whether you’re a contractor undertaking this work, or a developer who is required to provide an IBG, we can guide you through the process involved in obtaining one.

Contractor Insolvency Cover

Contractor Insolvency is a risk to all construction projects, which has been highlighted recently with the collapse of Carillion.

If you are a main contractor involved with a construction project, you may be required to provide some form of insolvency cover, or bond up to the value of the building contract or an agreed sum. This provides peace of mind to the Developer, should the contractor become insolvent. If this situation occurs, the bond provider will pay the reasonable cost (to an agreed sum) in relation to the contract price to complete the construction work. Please do contact us if you wish to discuss insolvency cover.

Deposit Protection Cover

As a Developer you are likely to be collecting deposits from purchasers to secure the purchase of a particular plot, often before it is completed.

Typically this is between 5 to 10%. As a developer, you may wish to utilise some of all of this money to fund construction costs. Within some structural warranty products, loss of deposit protection is built into the cover provided, providing protection to purchasers for the loss of their deposit, should you become insolvent. 

There are limits with this cover. For other providers, deposit protection cover is not included and if you’re using deposit funds you may wish to arrange this cover separately to provide peace of mind to your purchasers that deposits paid are protected up to an agreed limit. We can help arrange this cover for you if needed.

We research the market, so you don’t have to

We research the market, so you don’t have to