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Property Developer Insurance Quote – What Does It Cover?

Finding the right property developer quote involves knowing the cover required. Each project is unique – which is why property developer insurance cover is flexible.

You can select a range of cover depending on your needs. For example, you may need to provide cover for land prior to a build.

You’ll need to look for relevant cover types depending on your project and the building stage you are at

Contract Works Cover

Protect against physical damage to any works carried out – up to the full contract value if required. Basic cover includes things like flood, fire, or storm damage, as well as theft and vandalism costs.

Public Liability

An essential insurance for every build project as – at some point – members of the public or contractors will be on site. This insurance protects you against claims of accident or injury incurred while a person is on site.

Employer’s Liability

If you’re directly employing bona-fide or labour-only contractors and they are working under your instruction, you’ll need employer’s liability insurance.

Plant and Tools Insurance

Cover the cost of replacement for tools and plant that you own or are hired in your own/company name in case of theft, damage etc. You may also need cover for temporary site buildings like site huts and portable toilets too.

How to Get a Property Developer Insurance Quote

Make sure you get an accurate property developer quote by having all the information you need to hand before you start.

This includes:

  • The scope of the build
  • The type (renovation, self-build, commercial conversion, or new build)
  • Sums insured required
  • Building materials to be used
  • Project start date (and whether you need land-only insurance beforehand)
  • Project timelines
  • Plant and machinery cover required
  • Liability requirements

Having this information ready when applying for a property developer quote will ensure you receive the full cover you’ll need – at the best price possible.

Get a quote instantly online here. Or, if you’d like to talk about your property developer quote options, contact us on 01302 346 831 to discuss.