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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
Developer Insurance Review Points
Developers and project owners should prepare the full project value, construction period, site security, funder requirements, contractor responsibilities and whether joint names cover is required. The insurance review should also separate contract works, public liability, employers' liability, existing structures, hired-in plant and professional appointments.
Multi-phase schemes need particular care because values, handover points, temporary works, materials storage and contractor responsibility can change as the project progresses. A clear insurance schedule helps funders, contractors and developers understand which party is responsible before a loss occurs.
Useful evidence includes the project programme, JCT or contract terms, reinstatement values, site plans, security controls, contractor details, funder requirements and claims history. These records help align insurance responsibility with the actual development structure.
“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?
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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.