Council regulations, complex finance arrangements, budget blowouts, supplier issues, weather events and theft. There a lot of considerations and risk that come with property development. This being said, it can be a very exciting and rewarding industry to operate in.
Small private property developers to those in charge of large-scale retail and factory developments should consider their insurance requirements.
Types of insurances to consider include:
- Business Pack
- Contract works – the builder normally takes this out and names you on the policy
- Management Liability
- Workers Compensation