Cracking Up
There are many inherent risks within the construction industry but how can property developers be sure that every potential problem has been accounted for? Martin Friel highlights the growing importance of latent defects insurance
It may not be the sexiest of topics but latent defects insurance is cover that only the bravest, or the most risk-inclined, of developers would ignore. As the construction and design methods of multi-million-pound projects become increasingly sophisticated, the need for defects insurance has never been more pertinent.
However, there is a distinct disparity between the uptake of this type of cover and what experts in the field believe is required - but what exactly is a latent defect?
Specifically
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