Insurance pain in the supply chain
At the end of last year, I participated in a panel session at the 2020 HOMES UK conference on the crisis in the professional indemnity (PI) insurance market. The panel was chaired by Andy Tookey of construction consultants Baily Garner. There was general agreement that in time huge swathes of construction would either become uninsurable for PI or else would not have access to the PI market at “commercially reasonable” rates. I wrote in Building about this problem a year ago, and the picture has not improved. Andy Tookey explained that this problem was not just associated with the Gre...
Source: building.co.uk