Latent Defects Insurance Providers

Latent Defects Insurance For Property Developers

Latent Defects Insurance For Commercial Properties

Latent defects insurance offers protection for developers and builders of non-residential projects.

Any structural faults are costly to put right, and so having the benefit of a first party insurance product provides property owners with the peace of mind that the right cover is in place for 12 years following practical completion should it be called upon.

Latent defects insurance (a.k.a LDI or commercial latent defects insurance) is generally taken out by the developer or owner of the property but may be a requirement of the finance provider behind a project to protect their investment. Read our insights article for more information on the need for commercial latent defects insurance.

Many commercial developers have relied on collateral warranties to satisfy funders and associated parties but the majority are now more minded to arrange commercial latent defects insurance to protect everyone’s interests.

J3 is experienced in advising and arranging the most suitable commercial property warranties. Our opinion is that Latent Defects Insurance is an essential tool, alongside the collateral warranty, it isn’t an ‘either-or’ situation.

If you have a commercial scheme you wish to discuss, call us on 020 3096 0718 or fill in our enquiry form online.

For residential schemes, structural warranties provide broadly similar cover as LDI, but are mainly used for new build developments and are required by mortgage lenders before approving a loan.

The benefits of our Commercial Latent Defects Insurance:

  • 10-12 year policies available
  • A-rated insurers
  • Cover can include cover for loss of rent
  • First party insurance cover

Why clients choose J3 Advisory

01

Keep it simple

We know arranging insurance can be time consuming and sometimes challenging. So we make it simple. We use state-of-the-art technology to collect project information. We then take the time to ensure that we truly understand our clients’ goals and objectives to find them the most appropriate insurance solutions.

02

Continuity

While being results driven and providing a fresh approach we also offer the benefits of continuity. We frequently take care of the insurance on multiple schemes with the same client, becoming an extension of their businesses. Clients benefit from our detailed knowledge of their projects, their objectives and a deepening relationship with their people. This evokes confidence not only from our clients but also the insurers and underwriters we place business with.

03

Objective advice

By truly understanding your goals we can provide objective advice, finding you the best rates for your project and your business. We have access to all A-rated insurance providers across the whole market. We deliver a comprehensive market comparison to find you the most appropriate terms for your project, enabling you to make decisions confidently and swiftly.

Other Guarantees & Structural Warranty Solutions:

Construction Bonds

Learn more ➞

Structural Warranty Insurance

Learn more ➞

Insurance backed Guarantees

Learn more ➞

Structured Property finance

Learn more ➞

Have a project you wish to discuss?