BLP offers a valuable tool to protect your clients…
BLP makes it possible for cover to be arranged on behalf of the developer, owner/landlord, funder or tenant and their future assignees; all 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.
The BLP promise to construction lawyers:
- Your clients will not need to provide proof of fault; our policy responds to evidence of a defect where there is physical damage
- To mitigate risk, we commission an independent technical review to be carried out during construction; problems can be more easily identified in the early stages, saving time and money and avoiding stress for all concerned
- We can provide full value cover which far outstrips the contingent recoveries under collateral warranties and PI cover limits; includes loss of rent arising from a defect.
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.