Indemnity Insurance / Warranty - not the usual PI

[mondeoman]

I'm in the process of taking on a lease for a parcel of land, and as part of the lease, I need to find a way to provide the landlord with "insurance" that, in the unlikely event of the company going bankrupt during the term of the lease, there is an amount of money available for him to draw on to return the land to its current state, which would include the removal of any utilities that are installed during the lease.

Total amount is , best estimate, about £10k.

Does anyone know a broker who deals with this kind of thing, or is it going to be a case of setting aside cash into a reserve fund?

[Insurancejon]

You need a bond, rather than insurance.

This kind of thing

https://www.eulerhermes.com/en_global/our-solution...

[mondeoman]

Ah-hah! Thank you!