BLP Insurance-Commercial

BLP Insurance (Building LifePlans Ltd) is one of the UK’s leading providers of commercial latent defects insurance and residential housing warranty insurance. We act as an underwriting agent of Allianz Global Corporate & Specialty, and we are regulated by the Financial Conduct Authority. BLP has been providing construction insurance since 1989, and is owned by Thomas Miller, a world class insurance services organisation that has been at the forefront of the industry for over 125 years.

Together with Allianz Global Corporate & Specialty we’ve designed our policies to make things simple so that you can get on with the business of business. We don’t do small print and we don’t build complex financial requirements around our policies. We do not ask for membership, registration fees, security bonds, parent guarantees or escrows. We help drive your business success, and minimise risk, not just plan for failure.

No two-year developer warranty period
Our cover starts from the date of first legal completion or, in Scotland, the date of entry on the Premises. It includes cover for the full 10 years. Traditional warranty providers require developers to deal with all claims for the first two years – not so with BLP: we ask developers to attend only to water penetration damage in the first 12 months.

No maximum level of liability
Unlike traditional warranty providers who have maximum levels of cover which are often far less than the rebuild cost of the building, BLP will insure developments to the complete re-build value.

BLP supports innovation and does not impose a technical manual
Many warranty providers dictate how you should build, requiring adherence to processes and materials specified in their technical manuals. Building is not our business. We are experts in insurance cover and providing the support for your business that goes with it. We are supporters of innovation so as long as you comply with building regulations and demonstrate good workmanship we can insure the build.

Building defects affect asset value. BLP Commercial Latent Defects Insurance manages that risk. BLP offers a simpler and better option than collateral warranties – themselves often complicated and always requiring sizeable upfront payments.

BLP defects insurance benefits all stakeholders because all parties can be covered by the policy
When claims arise we act fast to minimise disruption to your tenants. And, just to make sure, we can provide Business Interruption, alternative accommodation and expenses protection above and beyond our core policies.

A simpler and more effective solution
All the risks of defects on a project can be transferred to a single insurance policy that protects the whole construction team. We action the claim when the defect is discovered. When a BLP client makes a claim we don’t set out to apportion responsibility or prove negligence; we take action – with minimal disruption to your business and your income stream.

We offer the most comprehensive cover in the commercial market
We deliver more than a policy. From day one we offer a dedicated service to commercial clients that’s about much more than just cover. It’s about best practice throughout the life cycle of your asset.

Commercial Latent Defects Insurance

Residential Housing Warranty Insurance

Consultancy Services

BLP CONSULT provides a range of consultancy services aimed at helping our clients make informed choices about quality and the cost effective use of systems.

For over 25 years we’ve been providing private developers and Registered Social Landlords with unrivalled data-based insights to mitigate risk, drive operational excellence and deliver higher quality construction or conversion projects.

Services include: Life Cycle Assessments, Embodied Energy and Operational Energy Assessments, Durability Assessments and Project Monitoring.

BLP Jointly developed the Buildoffsite Property Assurance Scheme (BOPAS) with Buildoffsite, The Royal Institution of Chartered Surveyors (RICS) and Lloyd's Register in consultation with the Council of Mortgage Lenders and The Building Societies Association. It provides assurance to the lending community that innovatively constructed properties, against which they may be lending, will be sufficiently durable as to be readily saleable for a minimum of 60 years.