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INSURANCE FOR DEVELOPERS, PROJECT OWNERS & NEW BUILD SCHEMES
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NEW BUILD PROJECTS
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PROPERTY DEVELOPMENT
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REFURBISHMENTS & CONVERSIONS
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MIXED-USE SCHEMES
What Is Developers & Project-Owners Insurance?
This insurance provides a combined package of cover for developers, property investors and project owners undertaking new builds, multi-unit developments, commercial conversions, refurbishments or regeneration projects.
It protects the works, materials, tools, plant, liability exposure and the financial investment throughout the entire construction process - from groundworks to completion.
Suitable for small private developers through to large multi-phase construction schemes.
What Does Developers’ Insurance Cover?
Comprehensive protection for construction projects at every stage.
- Contract Works (damage to works in progress)
- Public Liability & Third-Party Property Damage
- Employer’s Liability (for on-site staff/labour)
- Tools, equipment & construction plant
- Hired-in plant & machinery
- Site cabins, temporary structures & welfare units
- Theft, vandalism & malicious damage
- Fire, flood, storm & accidental damage
- Professional Indemnity (design & engineering risks)
- JCT contract compliance
Common Requirements for Developers & Project Owners
- Evidence of site security and risk management
- Compliance with CDM & building regulations
- Accurate valuation of works and materials
- Clear project timelines & contractor agreements
- Professional indemnity where design is involved
- Disclosure of unusual construction methods
- Correct contract wording (JCT / NEC)
Why Developers Choose Insure24
- Specialist construction market expertise
- Tailored cover for new builds & multi-unit developments
- Fast documentation to meet lender requirements
- Competitive pricing from top-tier insurers
- Dedicated support for claims & compliance
“Insure24 quickly understood the complexity of our project and arranged comprehensive cover that satisfied both our funders and contractors.”
Mark S., Property DeveloperFREQUENTLY ASKED QUESTIONS
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Do developers need Contract Works Insurance?
Yes - it protects the works in progress from fire, flood, storm, theft, vandalism and accidental damage during construction.
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Does this insurance cover hired-in plant?
Yes - hired-in plant cover protects equipment the developer rents from third-party suppliers.
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Is Employer’s Liability needed if subcontractors are used?
Usually yes - labour-only subcontractors are treated as employees and require Employer’s Liability cover.
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Do lenders require this insurance?
Most lenders require Contract Works, Public Liability and evidence of adequate site security and risk management practices.
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Can this cover be arranged for multi-phase developments?
Yes - developers can secure cover for phased builds, regeneration schemes or large, ongoing projects.
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Do developers need Contract Works Insurance?
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Does this insurance cover hired-in plant?
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Is Employer’s Liability needed if subcontractors are used?
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Do lenders require this insurance?
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Can this cover be arranged for multi-phase developments?
Related Covers
Developer pages should connect project-owner intent directly into works, lender expectations, professional risk and multi-phase project protection. These links keep that journey focused on related construction insurance pages.