Home > Insurance Policies > Commercial Policy
Commercial
Policy
The Q Policy is a structural warranty for new build, refurbished and converted properties which puts quality build and customer service first.
From shopping outlets, retail parks and drive-thru fast food restaurants, to supermarkets, hotels and office parks, at Q we understand that developers and investors must work with their building teams to provide quality properties of the highest standards to meet the many needs of their stakeholders.
By being on-site more than any other warranty provider, we offer a highly risk-managed, quality focussed, flexible insurance approach, designed to meet the needs of all types of commercial projects.
Key Features: The Q Policy for Commercial Premises
Designed to meet your needs
Q understands the requirements of commercial property developers and as such has designed a policy to be of maximum benefit and minimum hassle, offering insolvency cover for the Defects Liability Period and loss of rent cover if you want them*, and above all a warranty which provides no-fault redress for structural defects (rather than relying on collateral warranties and proving negligence).
In certain cases, depending upon the underwriter of the policy, we may also be able to offer cover for 12 years.
* availability of insolvency cover and loss of rent cover
may depend upon the financial stability of the Builder.
Our Site Visits
During the build process, we carry out regular physical inspections of each property* we insure on behalf of the underwriter.
These visits are to ensure that the property meets our Technical Requirements and is fit for insurance purposes.
While these visits are not to guarantee the quality of the works, our site surveyors are experienced and knowledgeable, so when we accept a property for insurance cover, it means we are satisfied that it has been built in accordance with good building practice.
*If a property has already commenced or is completed when we are asked to provide a quotation, we may not have the opportunity to inspect it at the same frequent intervals as a property which has not yet been started.
Registered Members
Under The Q Policy, underwriters only insure new homes which are built by companies registered with Q.
This means we assess the financial & technical competence of each company we work with and ask them to sign up to a Terms of Business Agreement which sets out their responsibilities to the insurer and what they can expect from us and the insurer.
Refurbishment & Conversion Specialists
Our policies have been developed with the challenges of refurbishment & conversion in mind: we assess each project on its individual merits, applying requirements which are proportionate and necessary with the full support of an experienced surveyor.
What does the Commercial Policy cover?
Our structural warranties aim to be easy to follow and provide certain insurance cover for the owners of the buildings for 10-12 years following completion of the build period. Each warranty is slightly different depending upon the underwriter of the policy, but typically they include cover for the following:
