NHBC’s Premium Rating scheme works on the same principle as your ‘no claims’ bonus for car insurance. Just as good drivers benefit from a discount, good builders and developers pay reduced home registration fees.
Your premium rating is based on your claims record and the amount of time you have been on the NHBC Register. NHBC use this rating to calculate how much you should pay to register homes. The scheme aims to encourage quality in the industry as builders with a poor claims record inevitably pay higher premiums. This should motivate builders to improve their standards. Newly registered builders pay a standard rate, while registered builders who have kept up high standards over many years, benefit from a discounted rate. Because NHBC values good building practices, the typical fee for a good, long-serving builder will be significantly less than that for a long-serving builder with a bad claims record.
Western are delighted to be promoted to the Premium Rating A1 as this highlights our commitment to delivering quality housing projects that exceed industry standards.
