{"id":154329,"date":"2025-08-21T07:20:31","date_gmt":"2025-08-21T06:20:31","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=154329"},"modified":"2025-08-20T15:10:37","modified_gmt":"2025-08-20T14:10:37","slug":"mitigating-risk-maximising-value-with-warranty-provider-icw","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/building-control-news\/mitigating-risk-maximising-value-with-warranty-provider-icw\/154329\/","title":{"rendered":"Mitigating risk and maximising value with warranty provider ICW"},"content":{"rendered":"

With an increase in the number of warranty providers in the market, it\u2019s important to understand what factors to consider when choosing comprehensive cover for your build projects<\/h2>\n

In today\u2019s shifting construction landscape, housebuilders and developers face a wide range of challenges, from escalating material costs to increased scrutiny on build quality.<\/p>\n

While structural warranty cover is an essential requirement for compliance and marketability, truly understanding and managing risk while achieving value for money goes far beyond simply securing the cheapest premium.<\/p>\n

Building warranties: Understanding your coverage<\/h3>\n

The terms structural warranty<\/a>, building warranty and new home warranty are commonly used within the industry but, as with any insurance policy, it\u2019s vital to understand what\u2019s covered and what isn\u2019t. Each policy will have distinct sections of cover including the building period, the defects period and structural insurance period, along with provisions for contaminated land, options on deposit cover and any exclusions.<\/p>\n

Having a good understanding of the policy and specific areas of cover will enable purchasers to evaluate options on a like-for like basis to ensure that each project has the comprehensive cover required.<\/p>\n

Choosing a reputable and financially sound insurer is paramount, especially given that claims can arise years down the line. ICW is proud to work with a financially secure, A-rated insurance partner, with a long-term agreement in place providing housebuilders with confidence and security.<\/p>\n

Value-added services and proactive support<\/h3>\n

At ICW, we believe in offering value-added services and risk management support that can help ensure good quality build projects and mitigate against issues occurring. This includes technical support, risk assessments and valuable insights, all designed to proactively safeguard your projects.<\/p>\n

A robust warranty, coupled with proactive support from a partner such as ICW, not only protects your project against risk but the additional services also enhance customer satisfaction, reinforcing your commitment to quality and integrity.<\/p>\n

Ultimately, housebuilders should view structural warranty insurance not merely as a necessary expense but as a tool for comprehensive risk management, enhanced customer satisfaction and long-term business success.<\/p>\n

The benefits of early engagement<\/h3>\n

Engaging with your warranty provider early in the project lifecycle can yield significant rewards for housebuilders and developers. Developers who secure a structural warranty early in the planning stages benefit in several key ways:<\/p>\n