- New Chairman and CEO appointments at BLP
- Client photoshoot for Revolutionary2 marketing campaign
- BLP sponsors 'Housing Project of the Year Award' at the Building Awards
- UK’s top mortgage lenders sign-up to groundbreaking construction assurance scheme
- Press release: Uninsured new homes rising
- Chiswick House Café sees off the competition
- Cracking Code 6 homes
- The Walk to Paradise Gardens: construction defects in residential developments in English Law
- Hike in registration costs takes its toll
- BLP builds the revolution against security and registration fees!
Construction lawyers
Things aren’t what they used to be...now, a latent defects product that does what it says on the tin.
Some very significant new commercial developments are currently being supported by the BLPAsset product. With a wording that’s been road-tested with a number of construction law practices, and pricing that now makes this solution economically sensible, this is a very valuable tool in the armoury of lawyers looking to protect their clients from defects and the associated risks with new build or major refurbishment contracts.
- Cover can be arranged on behalf of the developer, contractor, owner/landlord, funder or tenant and their future assigns; actually, all of these parties can be covered under a single policy
- The BLP product uniquely covers the structure, M&E services and components in commercial developments with one insurer, including those projects which have a residential element
- The policy survives the replacement or insolvency of a contractor
- Proof of fault is not required; the policy responds to proof of a defect, and does not depend on the stance of related PI insurers
- An independent technical review is carried out during construction
- Full value cover is available, far outstripping the contingent recoveries under warranties and PI cover limits.
- Optional extensions include loss of rental arising from a defect.
Related articles
The Walk to Paradise Gardens: construction defects in residential developments in English Law - Philip Britton LLB BCL, Visiting Professor, King's College London and Consultant to Fairweather Stephenson & Co Ltd, Aldeburgh - 110311
Rethinking insurance - the revival of latent defect cover - The Joint Contracts Tribunal Ltd - 010710
BLP is an insurance company which, in our experience, takes a “can do” approach to client problems and looks for ways to help with projects that don’t necessarily fit the mould.
