Latent Defects

Specialist latent defects insurance solutions that optimise your protection

On newly built properties damage due to poor design, workmanship or faulty materials are the most common causes of defects you may discover after the practical completion of your buildings. Whether you’re a developer, financier, owner or commercial occupier, they can range from the irritating to the catastrophic - plus their impact on your business and reputation can be severe. That’s why it makes good commercial sense to mitigate the risk with latent defects insurance.

We have the proven expertise and in-depth knowledge that enables us to deliver a superior level of latent defects cover that fills the gaps others may leave behind. Latent defects insurance provides a cost effective, high performance alternative to collateral warranties across a diverse range of residential, mixed and commercial new builds.

Residential Property

Council of Mortgage Lender approved warranties for 10 or 12 years, extendable to include component failure, extensions, alterations and where work has already begun. Covers you for self-builds, barn conversions and where the contractor/developer or architect goes into liquidation or has failed to take out a warranty.

Commercial Property

We can arrange bespoke latent defects cover on almost any type of commercial property - including extensions or alterations, where construction is already underway or where the contractor, developer or architect has gone into liquidation.

Mixed Retail & Residential

All the features you expect plus Council of Mortgage Lender approved warranties on residential sections and latent defects cover on the commercial parts of your property.

Mechanical & Electrical

With cover in force for up to 12 years following practical completion, mechanical and electrical latent defects insurance typically covers: defective plant or machinery, lifts and escalators, window cleaning equipment, environmental, electrical and water pumping control systems as well as electrical distribution systems.

Insurance-backed Guarantees

Available for most construction work Insurance Backed Guarantee (IBG) provides insolvency cover for a guarantee issued by the product manufacturer and/or installer for the period of the guarantee.

Construction work/product, flooring, glazing, underpinning, basements, roofing etc. Depending on the life expectancy of the product / materials used, cover can be arranged for up to 20 years.

If you’d like to find out how we can protect your commercial property assets with a range of bespoke latent defects insurance, simply contact Jacky Allen on 01162 043 013 or email jacky.allen@theovalgroup.com - and we’ll take care of the rest.