Property development involves navigating a range of unique challenges that vary depending on the type of project—whether commercial, residential, retail, or industrial.
From rising material and labour costs to evolving council regulations, property developers must also manage intricate contracts, assess the financial stability of contractors and builders, and address unforeseen costs that can arise from factors beyond their control.
Insurance Considerations for Property Developers
Property developers face a range of risks that can impact both the development process and the long-term viability of a project. From unforeseen property damage to legal claims, these challenges can result in significant financial setbacks and delays.
Some of the key risks facing Property Developers include:
- Property damage
- Weather destruction
- Theft and Burglary on your property
- Workers compensation
- Professional Negligence
Since 1994, Coverforce have been considered a specialist provider of insurance and risk advice to the construction and property industries by some of the largest and most reputable builders and property developers across Australia.
Our insurance brokers have significant experience covering commercial and residential building (including high rise) projects, and can therefore provide you with the expert risk advice you need to thrive in a complex industry.
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How Coverforce can help
At Coverforce, our expert team of insurance brokers will take the time to assess your individual requirements and exposures and deliver a comprehensive insurance solution that is tailored to your specific needs and budget.
For more information or to speak to one of our brokers about arranging cover, please contact us.
Alternatively, you can simply fill out a Property Developers Insurance Quote form below and one of our insurance brokers will get in touch with you within one business day.
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