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Construction
Credit insurance policies tend to be written from a "goods sold and delivered" standpoint where the expectation is for an order to be placed, goods delivered and signed for then an invoice raised with a clear due date. Construction sub-contract work doesn't fit in with this approach.
LDPA Credit Insurance has been involved in the development of new, purpose written policies to cover all aspects of a potential loss is this area to include :
- Work done on site, application submitted, certification received, payment not made
- Work done on site, application submitted and not yet certified
- Work done on site and not yet applied for
- Extras, variations and daywork
- Materials on and off site
- Orders placed on third parties
LDPA Credit Insurance understands construction risk so you can be sure that you are properly covered.
Latest News
May 2010 Bulletin
A bright start to 2010?
The insolvency statistics released on Friday 7th May show a decrease in compulsory liquidations and creditors’ voluntary liquidations by 8.4% on the previous quarter and by 17.8% on the same quarter a year ago. So can we say that these figures, coupled with the recent GDP figures showing growth in the UK economy of 0.2% for Q1 2010 show that the recession is now ov....
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