Biba launches new scheme offering specialist building warranty cover

Biba has teamed up with broker GBW to launch a new latents defects scheme that offers specialist building warranty cover for the construction industry, a statement released yesterday (12 September 2023) said.

Latent defects insurance policies run for 10 or 12 years and provide cover in the event of an inherent defect in the design or materials becoming apparent in the structure of a building, resulting in physical loss or damage.

The new scheme, which will be provided by GWB and be available to Biba members, has been designed to aid property development and house building. 

Mike Hallam, head of technical services at Biba, said: “This is a highly specialist cover and with the rise of building developments, large and small, I’m sure this scheme will prove to be a valuable asset for members to help both commercial and private customers.

”We’re really pleased to launch this new scheme, which further expands the variety of cover and services members can access by using our schemes and facilities.”

’Expert knowledge’

The scheme also offers Biba members access to a priority technical review of risks as well as advice from a surveyor from the Royal Institute of Chartered Surveyors.

Firms can access the scheme through GBW’s Biba page or refer their customers to the specialist broker depending on their agreement.

Edward Bidwell, managing director of GBW, added: “As long-standing members of Biba, we are delighted to be launching, as a scheme provider, this new scheme for latent defects insurance.

“Our team’s expert knowledge in this specialist insurance sector will enable priority access for Biba members to our panel and will simplify the process of getting this important cover for their customers.”