— PRODUCTS AND SERVICES

UK and Europe Owners/Major Projects

Ensuring you have the best cover for any eventuality

At the heart of Lockton’s construction practice is one primary goal: to provide comprehensive insurance solutions to owners and developers for even the most complex projects.

For more than 30 years, our team have helped protect developers and owners’ interests in some of the most high-profile projects in the UK. We have supported the transformative Spinningfields scheme in Manchester, the landmark regeneration of Battersea Power Station, and the creation of the tallest building in the City of London – to name but a few.

Along the way, we have forged a reputation for being passionate advocates, supporting our clients tirelessly as they change the face of the UK’s real estate landscape. Central to our service proposition is our deep understanding of the development industry and the complex risks that owners and developers face.

Our services

At Lockton, we typically divide our approach to the development process into three phases, during which we provide the following advice and services:

Pre-development

Site ownership, including insurance of existing buildings and liability arising from site ownership
Title or related insurance matters
Planning matters, including rights of light and judicial review
Archaeology

Development/construction

Insurance for the works, including any retained buildings or structures
Protection of anticipated revenue (often referred to as Delay in Start Up [DSU])
Third party liability coverage including specialist matters such as JCT Clause 6.5.1
Non damage contractual liability arising from agreements with entities such as Network Rail or TFL
Latent defect insurance

Post-development or operational term