Build LABC Warranty road and sewer bonds into your next development.
Road | Sewer |
---|---|
Section 38, Highways Act 1980 (Adoption of a New Highway) | Section 98, Water Industry Act 1991 (Sewer Requisition) |
Section 278, Highways Act 1980 (Alteration to a Public Highway) | Section 104, Water Industry Act 1991 (Sewer Adoption) |
Section 220, Highways Act 1980 (Advanced Payment Code) | Section 185, Water Industry Act 1991 (Public Sewer Diversion) |
Section 21, Roads (Scotland) Act 1984 (Adoption of a New Highway) | Article 161, Water and Sewerage Services Act (Northern Ireland) 2016 (Sewer Adoption) |
The application for your first road and sewer bond with LABC Warranty will involve a financial assessment, which will determine the rates at which bonds will be offered.
Your rate is retained for a calendar year, letting LABC Warranty offer you additional bonds for other developments without any further assessments.
To get started with road and sewer bonds, it’s best to speak to your account manager. They will be happy to guide you through the process of assembling the documentation that our insurance partners will need to see before approving your bond.
If you haven’t worked with LABC Warranty before, but want to use our road and sewer bond service, we recommend you get in touch here.
Our team will contact you as soon as possible to discuss your upcoming development, and guide you through our warranty and bond processes.
Alternatively, if you have worked with LABC Warranty in the past, and have the relevant documentation assembled, feel free to download and fill out the road and sewer bond application, and return it alongside the documents listed below.
As ever, if do you have any difficulties or questions, contact LABC Warranty or your account manager and we will be happy to help. If you’re unsure who your account manager is, you can find out here.
Road and sewer bonds are a guarantee that when a developer is installing infrastructure like roads, sewers, mains water, and more, that they will be installed to recognised standards.
Should a developer fail to achieve installation to those recognised standards, the bond assures the local authority that the work will still be completed, or remedied, at the expense of the bond issuer.
Once the works are completed to a satisfactory standard, maintenance of the works is transferred to the local authority.
Due to the varied nature of developments that would employ road and sewer bonds, and the varied financial situations of our customers, it’s not possible to offer up-front rates for this service.
We can, however, assure you that our road and sewer bonds rates are competitive against other major providers available in the UK.
To apply for a road and sewer bond, you must assemble:
Yes, any developer can apply for a road and sewer bond through LABC Warranty.
However, we strongly recommend speaking to your account manager before assembling an application in order to make sure your application has the best chance of success.
If you don’t have an account manager, please use the form at the bottom of this page to get in touch.
No, LABC Warranty will only take payment once a bond has been agreed.
The length of time it will take to process your application is dependent on many factors, including the nature and complexity of the project, and your historical work with LABC Warranty.
Yes, we are happy to offer phased bonds.
If you have any questions about LABC Warranty road and sewer bonds that haven’t been covered on this page, please get in touch. Our team would be more than happy to answer any questions.
MD Insurance Services Ltd. is the scheme administrator for LABC Warranty and is authorised and regulated by the Financial Conduct Authority. Registered in England No: 3642459 | Website by Fuelius.