Development Opportunity in Edinburgh: 49 Apartments with Additional Potential! I came across this article this morning and thought it would be a great moment to highlight some insurance considerations for a development like this. With planning consent for both residential apartments and commercial space—and the option to acquire a brownfield site for an additional 9 apartments—could this make a fantastic Build-to-Rent (BTR) investment?? But what should a developer consider in terms of insurance? Here’s a quick, non-exhaustive list: - Latent Defects Insurance (aka a Building Warranty) - Legal Indemnities - Employers, Public & Environmental Liabilities - Contract Works - 6.5.1 Non-Negligence Liability - Terrorism Cover - Advanced Loss of Profits / Delay in Startup If you’re exploring similar projects, big or small, it’s crucial to cover all bases to help ensure the project's success! Let me know if I've missed anything or if you have any questions!

Posted by Antoni J Kaminski at 2024-09-12 10:20:52 UTC