IT PAYS TO SAFEGUARD YOUR PROJECT’S FUTURE
NO MATTER HOW BUOYANT THE CONSTRUCTION SECTOR IS, THERE IS ALWAYS A RISK THAT A DEVELOPER COULD BECOME INSOLVENT
If a developer goes bust it is unlikely that you will want to cover any financial shortfall. So, it could pay to get developer insolvency insurance against such an event.
CRL’s underwriters provide competitive underwriting at different levels to help you protect your investment.
Unfortunately, some builders or developers still experience financial difficulties that could result in insolvency. CRL helps guard against situations that might risk your build’s completion with robust developer insolvency cover.
This insurers developer insolvency cover offers you piece of mind should the worst occur. Our in house underwriting team ensure that you receive a competitive, robust insurance policy to protect your building project investment.
Developer insolvency insurance to protect against different outcomes
- An unrecoverable amount that had already been paid to a builder (such as a deposit)
- The cost of work to either complete or get the property to a satisfactory standard (whichever is less)
Note: In all cases, cover is subject to approval.