A Property Risk Solution to Provide Peace of Mind for Developers

Thomas Carroll is one of the leading specialist brokers for legal indemnity solutions. Our experienced team are legally qualified, have access to a wide range of specialist insurer partners and are proficient in negotiating bespoke solutions with lawyers, owners and funders.

We are pleased to now offer a new product designed to cover abortive planning costs in development projects.

A refused planning application is a very real threat to all property developers, with both funders and developers carrying the risk of the application failing due to a refused planning application. The policy would respond in the event the Insured Project is refused at appeal.

This product is available to cover limits up to £1,500,000.00 and will allow developers and funders to ringfence potentially significant expenditure by transferring the financial exposure to the insurer for a known premium. With developers facing the common risk of planning refusal and the application costs associated with this being lost, the product is set to be a key component of managing the unpredictability of planning.

Click here to download our guide to Abortive Planning Costs

Protecting You Against Loss

This product provides an indispensable tool for developers looking to manage the uncertainties involved in the planning process. Developers, funders and investors, through us, can now purchase an ‘AA-’ rated policy to cover the costs associated with a refused planning application. This product can be combined with judicial review, legal indemnity, rights of light and environmental products to offset the risks associated with a development.

Costs covered could include:

  • Preliminary site investigations
  • Planning fees
  • Legal fees
  • Payments for exclusive negotiating rights
  • Costs associated with market research
  • Project management costs associated with the proposal
Protecting You Against Loss

This product provides an indispensable tool for developers looking to manage the uncertainties involved in the planning process. Developers, funders and investors, through us, can now purchase an ‘AA-’ rated policy to cover the costs associated with a refused planning application. This product can be combined with judicial review, legal indemnity, rights of light and environmental products to offset the risks associated with a development.

Costs covered could include:

  • Preliminary site investigations
  • Planning fees
  • Legal fees
  • Payments for exclusive negotiating rights
  • Costs associated with market research
  • Project management costs associated with the proposal
What We Do

Speed

By dealing directly with senior underwriters, we will get the policies you need faster than other brokers and speed up your deals.

Bespoke

With access to a wide range of insurance partners, we will obtain competitive premiums and the most robust cover options, tailored to your specific needs.

Legally Trained

Our Legal Indemnities team are Chartered insurance brokers, law graduates and CII qualified individuals that speak your language.

Customer Service

We build relationships you can rely on. With free advice always accessible, we take care of the groundwork to provide you with the best service possible.

Meet Our Specialist

Sarah Jones, Head of Legal Indemnities

Sarah graduated from Cardiff University with a 2.1 Law Degree, going on to qualify with CILEx, specialising in conveyancing.

Having obtained her Chartered Insurance Institute (CII) Diploma, Sarah is now working towards becoming Chartered. She was named Newcomer of the Year at the UNA 2018 Conference.

Contact Sarah Today

Have Any Questions?

Our experienced Legal Indemnities team are on hand to offer advice on carrying out successful property transactions. If you need advice, please contact us today by calling 02920 858602, emailing us at contact@thomas-carroll.co.uk or leave your details below and we will get in touch with you.