Clearly, all commercial developments – from offices to retail units to schools, to name but a few – require insurance. The Advantage team will help you find the right insurance product to cover you today and in the future. To make a claim through commercial latent defects insurance, you don’t need proof of negligence, you simply need proof of the defect causing the damage, simplifying the claims process. Also, as this type of insurance covers buildings, rather than a warranty on the work, it reduces exposure to warranty or PI claims. Plus, having the right cover in place will help to attract tenants, creating more leasable or saleable commercial properties.

• Building components
• Mechanical and electrical (M&E) services, including building control systems and energy distribution
• Commercial latent defects insurance also covers business interruption, covering rental income and relocation expenses