Commercial Developments (Warranties)
Until recently, most new or substantially refurbished commercial properties have carried no warranty. Now there is Latent Gold, a commercial building Latent Defect Insurance cover which is both cost-effective and convenient.
A single premium payment will protect your building from a defect in design, workmanship or materials arising within a ten year period from practical completion.
Latent Gold can be transferred to subsequent owners and cover can also protect the construction and professional team. Major refurbishments which involve 75% of the property can also be protected.
Cover should be requested at the start of the construction work and building control provided by Sussex Building Control. It all adds up to peace of mind at an affordable cost. For details contact LABC’s insurance partners, Oval Insurance Broking Limited. Call them on 0116 254 6221 or visit their website.
Brownfield Site Warranties
What if a proposed development is on a brownfield site which may be on contaminated land? Brownfield sites, re-cycled or contaminated land can all be covered by Environmental Gold, with expert advice available to owners on the extent of the problem and likely solutions.
Long term policies can be arranged without the need for remediation work, except where contamination is evident. In this case, environmental surveys and remediation schedules will be needed. LABC’s insurance partner, Oval Insurance Broking Limited can arrange a quotation. Call them on 0116 254 6221 or visit their website.
