Industry insurances
Protecting your clients and your business, find out how bespoke insurances not only act as a safeguard, but also provide you with a valuable sales tool – reassuring your clients and increasing your service offering. Not yet an AIPP member? Find out how to join now and start benefiting from discounted insurance and other business benefits.
For information on any of the insurance products below and to obtain a personalised quotation:
Contact AIPP Insurance Services today
Professional Indemnity Insurance
All professional companies should be insured to do the work they do. Some international property companies find it hard to locate an insurer or find the costs prohibitive. AIPP’s PI scheme for members will probably give you significant savings and can be applied for by completing a short and simple form. If you’re not yet covered or your policy is due for renewal soon, find out about this exclusive policy now.
Title Insurance
Title Insurance is common in most parts of the world where land registration is not as complete or accurate as it is in the UK. Title Insurance covers property buyers against disputes over ownership, access rights and other common issues such as boundaries. This added reassurance is a valuable sales tool and developers can consider purchasing title insurance as part of their service offering. Available on both new build and existing properties there are even bespoke policies for properties with known exposures. Contact AIPP Insurance Services now for more information and a quote.
Latent Defects Insurance
Latent Defects Insurance provides cover comparable to the NHBC (National House Building Council) guarantee on UK new build property. Usually cover is purchased by the developer to protect the buyer, and also to limit their time exposure to claims for serious defects. Through AIPP Insurance Services, AIPP members can gain access to Latent Defects Insurance cover throughout the world. Enquire today for more information and a quote.
'Inspection Trip' Insurance
The arranging of Inspection Trips is likely to bring AIPP members into the remit of the Passenger Travel Regulations, if arranging two or more elements of the trip, such as flights and accommodation. AIPP Insurance Services can assess your operations to identify whether you require insurance cover, and if you do, a special facility has been set up to provide AIPP members with bespoke quotations that reflect a discount for AIPP membership.
Property Insurance
For international property developers, insuring your development against exposure to natural catastrophes such as hurricanes and earthquakes is vital. Protecting your business and your assets, AIPP Insurance Services can find the right policy for you.
Catastrophe cover
The devastating impact of Earthquakes, Hurricanes and Tsunami on property has been demonstrated all too much in recent years. This poses both an actual threat to developers and a perceived risk to investors. The purchase of 'Contractors All Risks' cover including consequential loss protects developers and their investors even if the event does not occur directly to the insured property. For example Hurricane Katrina resulted in many projects elsewhere in America being delayed as contractors switched to urgent (and lucrative) emergency work. AIPPIS can help you identify risks associated with your project and provide your investors with appropriate comfort.
