It’s Becoming Harder to Secure Professional Indemnity cover in the UK Construction sector
In the midst of various large-scale catastrophes in the UK construction Industry-including financial
collapses of large construction companies and a range of damaging natural disasters the U.K design and construct PI market has seriously hardened. What’s more, experts predict that the market
will continue to deteriorate making it increasingly difficult to secure adequate cover. As a result, it’s crucial to take appropriate actions to limit the impact on your cover options and costs.
What Can You Do?
- Start renewal discussions early
- Review all your High Risk Work Activities - Do you still need cover for High Risk Work e.g. Demolition, Cladding, Roofing?
- Review all your Ongoing and Upcoming Work - Do you still require cover for High Risk Locations e.g. Nuclear, Airports & Docks?
- Review your T&C's with Clients, Subby's and Suppliers - Do you still need to adhere to their insurance requirements?
For more advice Contact Tasker Insurance Brokers today on 0161 440 6783