The primary party, often a developer, uses collateral warranties to limit their exposure to future allegations of liability.
Consultants, contractors, and subcontractors need to be careful about any collateral warranty they are asked to sign.
These documents must be appropriate, act in the best interests of their business, and don’t open up to more liability on top of their business responsibilities.
Our warranty review can benefit your business in the following ways:
- A thought-out contract
- No fees for the review
- Ensures contract liabilities are contained within Markel UK insurance cover
*Please refer to your policy for exact services included. Learn more.
Case Study
Restaurant construction
Having a collateral warranty review ensures contractual fails fall on the contractor in the event of the restaurant not being built to the required standards.