Property developer insurance

We make arranging property development insurance simple and hassle free

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Property development is unique in that every job is different. You need flexible insurance that caters for all your activities, whether its renovation, refurbishment or new builds. Property developer insurance can be hard to come by; particularly if you’re employing large teams and taking on substantial contracts.

We have many years’ experience sourcing cover for construction professionals meaning our team of expert advisors have a thorough understanding of the covers you need most.

Whether you require builders insurance for working on site or manage a large-scale property development operation; we can arrange cover to protect your business activities and we’ll help you find the right cover at the right price to let you work without worry.

If you know the covers you need you can compare quotes and purchase your property developer insurance online in just a few minutes. If your needs are more complex or you’re looking for some expert advice then give us a call. We’re committed to helping you get a great value policy that lets you focus on the job in hand.

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Property developers insurance cover in detail

What is property developer insurance?

Property developers insurance, also known as property development insurance or property developer’s risk insurance, is a type of insurance package designed to protect individuals or companies involved in property development projects. Property development can involve a range of activities, such as purchasing land, constructing buildings, renovating existing structures, or converting properties for different uses. These projects often come with a variety of risks and uncertainties.

Property developers insurance can provide peace of mind by helping to manage potential financial losses and liabilities that may occur during the course of property development projects.

Insurance covers to consider

When deciding what insurance and covers you need to protect your business, you should consider the following:

Liability insurance for property developers

Liability insurance is one of the most important covers for businesses in the construction industry. Public liability insurance and product liability insurance should be the foundation of your property developer insurance policy to protect you and your business financially in case of third party injury or accidental damage to property. As careful and experienced as you may be, accidents happen when you least expect. In the world of construction, the cost of these mistakes can escalate quickly.

Working on-site is risky for your employees too. You’ll need to include employers’ liability insurance if you have staff, and this can sometimes apply to subcontractors too. All of these liability covers can be packaged together in one easy to buy property developer insurance policy.

Three workers in safety vests and helmets examining a blueprint in an unfinished building.

Professional indemnity insurance

If, as part of your daily activities, you get involved in design and construction contracts, what would happen if your clients’ alleged you had provided them with inadequate or incorrect advice/designs which then caused them to lose money. Professional indemnity insurance can protect you in these circumstances and provide cover against any legal costs incurred in your defence. If this is something you need why not call us for advice and to arrange the right cover for you.

Two construction workers discussing plans on a bridge, with a construction site and road in the background.

Personal accident cover

Working on site can be dangerous, and while builders liability insurance is a must, you may also wish to consider personal accident cover within your construction insurance to protect yourself against incidents at work as well. If you were unable to work following an accident, personal accident cover provides a weekly benefit to tide you over while you get back on your feet.

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Contract works, plant, equipment and tool cover

If you’re working on larger projects then contract works insurance may be a key consideration or even a requirement of the contract conditions. This cover can be extended to include owned and hired in plant as well as employee tools. Your plant and tools are fundamental to your ability to work. If they were stolen for instance you could find yourself unable to trade. Tool cover can be included in your property developer insurance at varying levels meaning you only pay for the cover you need. Whatever your equipment requirements, we’re committed to finding cover that’s tailored to you.

Construction site with an excavator lifting dirt and bulldozer moving, all under a colorful sunset sky with concrete slabs in the foreground.

Van and vehicle insurance

A van or a fleet of vehicles could be a crucial part of your business; whether it’s for building site deliveries, tools, or even just getting to and from your worksite daily. You may also have special requirements for vehicles that have special modifications or built-in equipment such as lifts and hoists. We understand the need for quality cover that gives you peace of mind. Take a look at our commercial van insurance page to find out more about van insurance for property developers.

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Commercial legal protection

The need for commercial legal protection should be an important part of your property developer insurance. Covering a variety of defined incidents, such as employment disputes and contract disputes this cover could be the financial saviour of your business if someone initiated litigation proceedings against you.

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Property developer insurance FAQs

What insurance covers do property developers need?

At Premierline, we offer flexible property developers insurance policies that can be as simple or comprehensive as you need depending on your business requirements. When deciding what insurance and covers you need to protect your business, you should consider the following:

Builders public liability insurance
Employers’ liability for builders
Builders personal accident cover
Contract works, plant, equipment and tool cover
Builders professional indemnity cover
Buildings, contents and stock cover
Business interruption insurance
Van and vehicle cover

I require specialist cover related to my trade, can you help?

It may be your business requires specialist cover related to higher risk activity you may undertake, for example, we could access specialist covers which are designed to protect you working at unrestricted heights and depths. Our relationships with specialist construction insurers means we can access insurance protection that you may struggle to find easily elsewhere.

How much does property developers insurance cost?

The cost of property developers insurance depends on a variety of factors including the size of your business, the jobs that you take on and the types and level of cover required. Get a personalised quote online or contact one of our business insurance specialists to find out how much your property developers insurance might cost to protect yourself and your business from unforeseen circumstances.

What type of property developers do Premierline work with?

As a business insurance broker, we can source insurance for a range of different construction professionals. From full-service building contractors specialising in constructing single residential homes or commercial buildings, to specific types of buildings such as restaurants, factories or stadiums.

We can also provide recommendations for many specific construction trades such as:

Roofers & scaffolders
Cladding contractors
Groundworkers
Civil engineers
Glazing companies
Property developers
Carpenters and joiners
Electricians
Plumbers
Bricklayers
Flooring contractors

Why choose Premierline to arrange your property developers insurance?

Our construction and building insurance trained experts understand the risks you face and have access to specialist A-rated insurance providers who can protect your business, providing you with the peace of mind that the policy meets your needs today.

By speaking with an insurance professional at Premierline, you’ll be able to discuss your insurance needs and get advice on the different insurance covers that can protect all aspects of your construction activity. They’ll be on hand to assist with any queries you have whilst keeping the terms and conditions of your policy easy to understand.

What will I need to know to complete my insurance quotation?

Try to have your existing insurance schedule and renewal notice available as this will give us the majority of the information that we will need. However, if you are a new business, don’t worry – our business insurance advisors will be able to guide you through the process of understanding and identifying your insurance needs.

How soon will I get my policy documents?

We will email your policy documentation to you which means you will receive these straight away. Alternatively, if you would prefer your documents to be posted, you will normally receive them within 5 working days.

How do I pay for my policy?

You can pay annually using a credit/debit card or by making an electronic payment. Alternatively you can manage your payments through a monthly Direct Debit plan with our approved premium finance provider, Premium Credit Limited.

Why choose Premierline?

We're contractor insurance experts

We understand the nature of running your business often leaves little time for much else. That’s why we work closely with some of the UK’s leading insurers to find the cover that’s right for you, making arranging insurance for your contracting business simple and hassle-free. We’re committed to finding the right insurance solutions for your business to let you work without worry and focus on what really matters – your business.
Award winning service - We're trusted by thousands of SMEs across the UK
Comprehensive protection - We can help with all your commercial insurance needs
UK based experts - Located in Lancaster, our advisors are here to help

Our customer reviews and testimonials

“Amazing service as usual. They provided me a competitive insurance premium for another year and made it simple for me to renew my insurance. Easy to contact and speak to a knowledgeable person on the phone. Ive already recommended Premierline to friends.”

Builder

Customer since December 2021

Our independent customer reviews

Speak to a property developer insurance expert

Property developer insurance can be as simple or complex as the job that you’re working on, but finding the right protection for your livelihood is essential. We’re committed to finding tailored construction insurance to meet your needs. We understand the time pressures of running a business and the need for comprehensive protection. That’s why we do all the hard work for you to make arranging your property developer insurance simple and hassle-free.