Maximising project success: The strategic role of specialist insurance brokers

Whether you're a developer, investor, or property manager, partnering with the right insurance broker can significantly contribute to your project's success.?

It is critical to get trusted advice and secure reliable coverage to safeguard your investment and ensure a smooth transition at project completion.?

In this month’s newsletter, we explore the strategic advantages of working with a specialist broker and the importance of expert support throughout a project’s lifespan. ?

We’re celebrating that London Belgravia Group and BuildSafe have been jointly shortlisted for the UK Broker Awards Customer Service catagory.?

Plus,?a case study on how we worked with Campbell Buchanan George Fine Homes to provide structural warranty cover for its exclusive new Fairfield Meadows development.?

Engaging a specialist broker can transform the way developers manage risk, secure funding, and access expert and administrative support.??

Read our article for insights into how specialist brokers use their expertise to bring value to a project, including:?

• Insurer Appetite: Navigating the complex insurance market to bring you the best possible rates and terms?

• Insurer Relations: Leveraging established networks to expedite processes, resolve issues efficiently, and ensure you receive the most responsive and effective support?

• Sector Expertise: Understanding the specific challenges clients face and delivering customised solutions - the complexity of real estate projects demands more than off-the-shelf insurance products?

• Customised Products: Integrating products to deliver comprehensive coverage to address potential gaps in coverage and seamlessly combine various insurance products?

• Dedicated Client Services: Enhancing project efficiency by providing full support beyond product sale to ensure continuous assistance??
• Technical Consultancy: Offering access to trusted partners in building control, fire safety, and structural engineering

LBB’s deep understanding of the challenges developers face, robust relationships with insurance providers, specialised product expertise, and ability to tailor policies uniquely position us to help clients navigate the complexities of property insurance.?

Read our article to explore: Why working with a specialist broker offers a strategic advantage

London Belgravia Group and BuildSafe are joint finalists in the UK Broker Awards - Customer Service category. This is a fantastic recognition of the hard work and dedication our exceptional Client Services team offers clients every day.

Understanding the long-term nature of?projects and sometimes complex requirements to meet insurance providers’ conditions, LBB provides clients with comprehensive support beyond product sales, unique in the market.

Our dedicated Client Services team work with with clients to provide as much or as little support as required. We can liaise with insurers, surveyors, and buyers on behalf of clients, address queries, offer necessary clarifications, and organize site surveys, ensuring smooth project delivery.?

This administrative and technical assistance helps developers manage risk at every project stage, from design to build, sale, and ownership transfer.?

Find out more here: Excellence in service: How London Belgravia Brokers elevates client support

For its stunning Fairfield Meadows development of 122 homes, Campbell Buchanan George Fine Homes chose LBB to act as independent brokers for the project’s structural warranties and to help streamline all requirements during the build and certification.?

The landscape of property development demands a proactive and strategic approach to risk management. By providing tailored solutions, leveraging strong industry relationships, navigating the complex insurance market, and offering comprehensive support throughout a project's lifecycle, specialist brokers like LBB add significant value and mitigate risks.?

Read our case study to learn how we sourced A-rated, competitive, and comprehensive structural warranty cover, and why our customer service throughout the construction stage and at completion helped ensure a smooth handover.?

Click here to watch the project video: Combining leverage and service: Campbell Buchanan George, Fairfield Meadows

Many thanks for reading the third issue of the LBB Property Update.??

The London Belgravia Group is a leading provider of latent defects insurance and other construction policies. If you have any questions for anyone on the team, please get in touch today using our Contact page.?

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