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Benefits to Developers

Benefits to Highway Authorities

FREQUENTLY ANSWERED QUESTIONS

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How is RBL’s solution New?

Founded by experienced Ground Work, Property Development Management and Insurance professionals, RBL assesses the proposed Developments business case and technical Road Requirements and provides an insurance policy based upon these risks.

This is different to the current Insurance Bond Solutions which primarily focus on the history and financial strength of a Developer. As a result RBL believes its product will particularly helpful to smaller and newer developers.

How does the policy work?

The insurance policy works in the same way as the Insurance Backed Guarantees required Part L of the building Regulations for self-certified work. In effect the Insurance Policy is issued with the Highways Authority as the insured and guarantees that the obligations of the Contractor under a Section 38 Agreement will be met.

 

 

 

 

 

   

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