Tag: insurance

With insolvencies on the rise in the construction industry, subcontractors are seeing their credit ratings being downgraded. In its latest product availability statement, the Construction Leadership Council says that while there is now good availability to building products and materials, similar to pre-pandemic levels, new...

The Code for Construction Product Information was devised in the wake of the Grenfell Tower fire in a bid to discourage misleading marketing among product manufacturers. However, the company set up to run it cannot get professional indemnity insurance, which effectively prevents it from operating....

Prominent use of timber in Magdalene College’s New Library (photo © Nick Kane)The UK-based Alliance for Sustainable Building Products (ASBP) is seeking to tackle the problems of securing insurance for mass timber buildings by setting down industry-accepted guidance for developers, investors and designers. The ASBP...

In the wake of the 2017 Grenfell Tower fire, developers, contractors and indeed the whole construction supply chain have been wading through impediments to make high-rise blocks of flats safe.  The insurance industry has been a persistent impediment. The hope is that the new model...

The CLC’s second annual survey on the issue found that the cost of premiums is continuing to harm construction businesses and limiting the ability of firms to work on building safety remediation. The cross-industry survey revealed no real easing in the PII cover available to...

They are now seeking to measure the effectiveness of the game and would like as many people as possible to play, to provide feedback, and to complete a short survey afterwards to capture their thoughts and impressions. There are new 'smart policies' on the insurance...