The purpose of individually tailoring insurance portfolios for property developers is to provide complete peace of mind and release you from the risk of loss or damage during the entire duration of the project.
Enterprises in major construction projects such National Outline Plan 38
, Demolition and Rebuilding, general construction projects and property investment enterprises all involve significant financial investments asides a high risk of mishaps and the subsequent costs.
It is therefore a “must” for property developers to arrange a tailor-made insurance portfolio
that aims to predict damages to the project thereby protecting you against significant losses that can potentially lead to financial collapse.
That is precisely why it is important to bear the following points in mind:
All such projects are complex and involve building contractors, subcontractors, equipment, property, timetables, specifications, procedures, legal requirements, raw material costs asides unexpected price fluctuations, entrepreneurial risks, natural catastrophes, municipal bye-laws, safety regulations and various other intrinsic issues that need to be protected against with adequate insurance cover.
In light of the complexity and extent of unforeseen circumstances, we aim to ensure, as far as possible, that you have the optimal insurance cover to precisely cover you against the unexpected.