With any development or construction project, the risks versus rewards need to be carefully understood and quantified long before work starts. Insurance plays a strategic role in helping to unlock value at every stage of a project by providing certainty and confidence to all parties involved with a project.
Engaging with Cape early in the planning of your project will ensure all risks will have been considered before and during contract negotiations, ensuring a smooth and successful project.
Key Considerations for Property Development Insurance:
- Legal Liabilities
- Legal Indemnity insurance
- Property Insurance
- Environmental liability
- Tax considerations
- Owner Controlled Insurance Programmes – OCIP’s
- Existing Structure
- Delay in Start Up – DSU
- Latent Defects Insurance/Warranty
- Third Party Liability