We are in an environment where the Government are making millions of pounds available for crucial remediation and compliance work, and there is a need to build more and higher quality housing, which will ultimately be governed by the need for new skills and accreditation. Alongside this, the incremental reductions in PI cover available and the increases in premiums and excesses applied, run the very high risk of restricted capacity in the market, greater risk aversion, or indeed burying one’s head in the sand and less appetite to deliver the work, all potentially leading to the perfect storm.
Managing Partner, Andy Tookey, hosted a round table session at the 2020 HOMES UK virtual event, to discuss the challenges, potential solutions and their implications for the construction market. Below he summarises the key points from the discussion with our panel of speakers from across the industry representing views from the insurance sector, consultants, lawyers, contractors and clients.
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