BLP survey reveals brokers' increased knowledge of latent defects insurance
Firm says property investors "can't afford" not to buy products in current market.
Brokers are becoming more knowledgable about latent defects products, according to research conducted by BLP Insurance.
In a survey of 46 commercial brokers across the UK, the company found that there is an increased awareness of latent defects insurance in the construction industry compared to five years ago.
Two thirds of commercial brokers are fully aware of the product, and over half of respondents see its value in protecting homes, offices and mixed use developments against potential
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