One simplified policy for Ownership and Use.
The Ownership and Use tool.
Just as W&I simplified a group of risks at a stroke, now O&U does the same for the risks property funders and developers face across the ownership and use of their property. It’s a policy that both reduces risk exposure and, at the same time, provides significant administrative efficiency. One simple policy, two big benefits.
Better protection.
O&U covers risks arising from Title to Shares, Title to Property, Public Law and Environmental. It mirrors a Warranty and Indemnity policy but is not limited to risks expressed in it. So, not only is it clear who pays what, it provides comprehensive protection from end to end.
More efficient.
By bringing ownership and use risks under a single policy, there is just one quote and one negotiation to cover everything. And in the event of a claim, where usually every insurer would need to be notified separately, there is now just one number to call, one person to talk to.
Secure, market leading innovation since 2009.
We are innovators offering a market leading solution to Permit Challenge risks in the renewable energy sector. Since then we’ve launched a number of other firsts, including tools that repay your planning costs if permission is rejected, and a single policy covering risks across the whole of ownership and use of assets.
Make your assets more bankable.
Speak to us about the suite of indemnity tools that we have designed to help you make more of your property investments. They enable funders to invest within acceptable risk profiles while holding less reserves, and developers to reduce the cost of borrowing and protect against delays.