Challenge
Large scale building projects in Central London are very complex with strict listing requirements from the council, very deep basements that are required and the close proximity to other high value buildings. In addition the bank funding the project had specific requirements for the insurance that included rights to claim proceeds and co-insurance.
Solution
We were able to bring together a group of different insurers to cover the client against the major risks they face, whether this be caused by the collapse of a crane onto a major highway or the cave in of nearby buildings as a result of piling more than 30m.
Outcome
The client was able to proceed with the development of their site following the conclusion of a number of bespoke and reasonably priced insurance policies. The client was able to also secure funding in excess of £50m.
Depth of Basement
Project Value
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