Lockton is pleased to present this paper on Inherent Defects Insurance (IDI), also known as Latent Defects Insurance (LDI) – an alternative “first party” project-based insurance model covering structural defects in buildings and other structures post construction completion.
IDI can assist in filling gaps left by other classes of insurance and is most helpful when used as a missing piece in the implementation of a holistic risk management strategy for a project and its many stakeholders.
Lockton has developed strong relationships with clients and insurers in the IDI space and is at the forefront of understanding not only the key requirements and nuances in this sector, but also the ever-evolving developments in the IDI space and how these can impact your project. Lockton has in-depth experience in arranging and advising on IDI policies globally.
Feel free to reach out to Peter Jeeves, National Manager - Construction, to discuss not only your IDI needs, but any other construction related requirements. E: Peter.Jeeves@lockton.com M: 0419 945 075.
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