Insolvency Protection

Our Insolvency Protection cover is designed to provide assurance and cover against some of the risks most commonly associated with a developer going out of business mid-way through the build.

Comprehensive

Our policy can cover the cost of completing work to a satisfactory standard if the developer becomes insolvent or to make the repayment of deposits to purchasers.

Reassuring

Gives your buyers confidence when paying deposits and other amounts.

Generous

Our deposit protection covers up to £1M per project and will repay10% of agreed purchase price up to £100k (whichever is lesser).

Confident

Peace of mind for lenders allows your projects to flourish

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The coverage enables developers to build a confident, trusting relationship with their clients, especially important when requesting deposits and payments. 

ICW INSOLVENCY PROTECTION SUMMARY

Pays the purchaser, subject to approval, the amount that they paid under contract to the developer that cannot be recovered.

Could pay the extra costs to complete the property to a satisfactory standard if the developer is unable to complete the building works.

Insolvency Protection is subject to availability and approval.

Please refer to your policy documents for further information.

 

Who we protect

From new builds to renovations, large or small scale, we flex to meet our clients’ needs.

Builders

Developers

Housing
Associations

Home
Owners

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With a focus on personal service and building an understanding of the specific needs of each project, we provide a framework of inspections throughout the build that helps achieve the highest standard of construction.

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