Premier Guarantee: Commercial Warranty

Premier Guarantee offer a commercial warranty (also referred to as Latent Defects insurance) for a wide range of buildings including supermarkets, offices, hotels, care homes, medical buildings and many more.

We work with developers and commercial property owners who are undertaking new commercial building projects as well as offering latent defects insurance cover for partially built, completed commercial buildings and mixed use developments.

Commercial Warranty key features:

• 10 or 12 year Structural Warranty cover (12 year cover available if Contract is Under Seal)
• Full risk transfer in from year one of cover*
• Includes protection for external drains and car parksCover as standard for additional costs, removal of debris and professional fees
• Additional cover available for seepage, business interruption and loss of rent payable or receivable
• Waiver of subrogation rights for RIBA and CIAT members

Download Premier Guarantee Commercial Buildings Policy

There are various benefits to taking out a commercial warranty alongside any existing protection you may have (such as collateral warranties). These include:

• A full risk transfer* policy from year one of cover - even if the contractor/builder ceases trading or enters into administration (collateral warranties are usually invalidated in the event of signatory insolvency).
• Removes the need to provide proof of negligence, only proof of defect is needed to make a claim.
• Time and money is saved on potential costly litigation needed for resolving disputes relating to inherent defects .

Would you like to find out more? Download our guide to Premier Guarantee Commercial Buildings

Are you interested but concerned about the funding of a commercial warranty? Take a look at our premium payment plan, which has been specifically designed to make commercial latent defects insurance more affordable for developers and commercial building owners.