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Student Accommodation Projects – An Owner-Controlled Insurance Programme


Any large capital expenditure project will always require careful consideration to ensure that the insurance solution chosen provides sufficient protection for all project stakeholders during both the construction and lifecycle of the development. Most standard UK contract forms provide options as to which party should be responsible to effect and maintain the required insurances, but it should always be borne in mind that the costs of such insurances will always be paid by the university regardless.

Historically, the default position in these scenarios is the university requires the main building contractor to insure the works until completion and handover, including any associated liabilities.

In such cases, the main building contractor will typically use its own annual insurance arrangements, or will seek to pass the risk and insurance obligations down through its supply chain to its sub-contractors. However, this approach can leave the university vulnerable in the event of contractor liquidation or a delay in completion. It is not uncommon for parties in a contract to be unaware or uncertain about their insurance responsibilities, and this can be exacerbated when contract conditions are amended by advisors who do not consult specialist insurance brokers.