Bland Blankart            

Building Control Insurance

No one would be interested in buying a new house without a 10 year guarantee. Would you buy or rent an office or factory unit without the same protection? Latent Gold from Local Authority Building Control (LABC) now offers this important protection to any new or substantially refurbished commercial property.

Why is cover important?

The most expensive repairs that any new company can face on the property they occupy would be those arising out of Latent Defect in the building. These are basically structural faults, including the foundations.
A fault can arise from a number of circumstances, such as defective workmanship, poor design and incorrect or faulty specification of materials. Latent Gold provides the protection companies need to pay for repairs such as these.

What properties can be covered by Latent Gold?

Virtually any commercial property can be included:

• Offices
• Hotels
• Factories / Factory Units
• Industrial Estates
• Shops
• Public Houses
• Leisure / Entertainment Facilities
• Public Buildings

In addition, we provide cover for major refurbishment, which involve the reconstruction of 75% of the volume of the property. Therefore a property that is being refurbished using the existing outside walls would be suitable for this insurance.

Why is Latent Gold different?

In the past, the two major drawbacks in the arrangement of Latent Defect Insurance were the need for additional inspections of the property and the cost involved.
The Latent Gold Policy addresses both these issues. The only inspection service required is the normal Building Control provided by LABC - no other check or inspection is required for arrangement of this insurance.

Partnership

Working in partnership with the leading warranty broker, Bland Bankart, LABC can offer you the customer the best Latent Defect policy on the market. To provide unrivalled security for the product, it is backed by Allianz Cornhill, one of the largest insurers in the world.

What is covered?

Any structural defect in the construction of the building caused by:

• Faulty Design
• Faulty Construction
• Faulty Materials

Why do we need protection?

Any structural defect in the construction of the building caused by:

• Sales feature when you sell or rent
• Policy will pay for expensive rectification work
• Building is more attractive to lenders
• Speed of rectification

Other features

• Cover can be arranged immediately without the need to see plans of the development.
• Cover can be arranged for major refurbishment (where 75% volume of the property is rebuilt).
• If the property is built under seal cover can be extended to 12 years.
• Cover can be extended to plant and machinery (Eg. boiler, lifts, etc).
• Cover can also protect the contractor and the professional team.

How to arrange cover

Latent Gold is the simplest and cheapest Latent Defect insurance to arrange:
Firstly, select LABC to provide your building control - no further inspection is then required.
Then, ring Bland Bankart on 0116 254 6221 for a Latent Gold quotation.

Cover starts immediately when the final certificate is issued by LABC.

Bland Bankart plc
26 De Montfort Street
Leicester LE1 7GQ
Telephone: 0116 254 6221