Companies from across the industry are once more being asked to take part in the Construction Leadership Council’s survey on professional indemnity insurance in the construction sector. This follows on from the valuable output derived from last years survey.
In recent years firms from across the industry have reported sharp increases in premiums for PI insurance, while also seeing stricter curbs on the levels of cover. Some firms have reported they can no longer secure cover.
This remains being driven by multiple factors including a response to higher historic claims from the sector, as well as a cyclical hardening of the insurance market.
The Construction Leadership Council is continuing to take steps to address the ongoing situation. This requires a robust and up to date evidence base, identifying in detail the areas where the industry is facing the most significant difficulties.
The CLC is asking for companies from across the industry to take part in a survey here.
You can read the full press release here.