"Specialist Risk, formerly known as Miles Smith Insurance Solutions, staff are friendly, extremely approachable, responsive and very much work with us, allowing us to get on with the day-to-day running and growth of our business"
Latent Defects Insurance is vital for developers, property owners, contractors, and private finance initiatives. It can also be purchased for completed renovation projects.
This type of insurance is first party cover, meaning there is no requirement to sue any professional before receiving a pay-out. With The Council of Mortgage Lenders insisting on a 10-year Latent Defects policy before lending any money on newly built residential properties, it is a necessity.
All businesses face unique risks, so please get in touch with our expert team to ensure your business has the correct cover in place.
Ingress of water
Subsidence landslip or heave
The treat of imminent collapse requiring remedial works
CHELMSFORD STAR CASE STUDY
“It makes things a lot easier, particularly when insurance isn’t your area of expertise. You want someone who understands how you’re set up, the way your board is, how you have to get things approved, and that you’re commercial, but do have other aspects.”