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
- 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
- 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.
* The first 12 months of cover is excluded in respect of
claims relating to the Waterproof Envelope, Roads and/or Car