What would you do if your building work ground to a halt completely out of your control?

A Performance Bond gives protection if your builder becomes insolvent.

A performance bond is used commonly in the construction industry as a means of insuring against the risk of a contractor failing to fulfil contractual obligations to the client.

Latent defects insurance is a form of insurance taken out in respect of specific new build premises to provide cover in the event of an inherent defect in the design, workmanship or materials becoming apparent after practical completion. Cover is available to provide you with a 10 or 12 year guarantee on building works, similar to that on new build houses.

GPS Insurance Brokers can provide specialist insurance cover for specific circumstances. Please contact us on 020 8207 7385 for further information.

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