London Property - Home of Super Prime

Private Client Construction: Minimizing Risk with JCT Contracts and Insurance - George Seatter


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Are you in the process of a private client construction project or considering one in the future? Then you won't want to miss this insightful podcast, where we sit down with George Seatter, insurance specialist, to discuss how to manage risk in high-value construction projects.
 
To connect with the professional expert in this post, email us at [email protected]. If you are a London Property member, you can also follow the link below to log in and chat with George directly:
https://londonproperty.co.uk/en/private-client-construction-minimizing-risk-with-jct-contracts-and-insurance/

George has over 20 years of experience in the insurance industry, starting as an insurance advisor before quickly progressing to branch management and then leading various regions. With a deep understanding of the importance of trusted advisors and the role of general insurance in protecting clients' assets, George knows how to create bespoke insurance solutions that cater to the unique requirements of HNW clients.

In this interview, George discusses the often-overlooked topic of insurance in private client construction projects. He highlights the importance of considering when risk passes to the purchaser, as well as the potential risks of delayed periods between exchange and completion. George also provides guidance on how insurance companies generally approach coverage for building and contents elements up to a certain value, and how this changes when the value of the works is over a certain threshold. Additionally, the conversation covers JCT contracts and their importance in providing a framework for all parties involved in the construction project.

Interviewer - Farnaz Fazaipour | Property Investment & Ownership

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