In the past, the two major drawbacks in the arrangement of Latent Defect insurance were the need for additional inspections of the property and the cost involved.

The LABC Latent Gold addresses both these issues. The only inspection service required is the normal Building Control provided by LABC - no other check or inspection is required for arrangement of this insurance. The subsequent saving in administratiion costs and time makes the new LABC Latent Gold product the most competitive on the market.

Premiums start from as little as £1,575 including Insurance Premium Tax to provide cover for 10 years on a commercial property with a re-building cost of up to £250,000. This premium equates to around £6,000 per £1 million of rebuild costs.