Insurance
Significant cost increases and the introduction of new restrictions on professional indemnity (PI) insurance are preventing companies taking on projects and could delay essential work on building safety.
FIS are aware of the growing issues within our supply chain regarding requirement, availability, and escalating cost of insurance (particularly professional indemnity), but also overall concern regarding support for our sector from the insurance industry. Our remit from the Board is challenge and, if necessary, disrupt and we are considering a number of potentially radical options to address this challenge to our members. Below is a summary of key updates on this growing insurance crisis. If you are interested in finding out more or getting involved in this work email iainmcilwee@thefis.org
Professional indemnity insurance restrictions continue to harm industry
No easing of professional indemnity insurance restrictions, finds second CLC survey. Limited...
Industry mega-poll to track development of PI insurance crisis
Companies from across the industry are being asked to take part again in what was, last year, the...
Cooperating to insure our future
FIS has been listening to its members who have felt increasingly frustrated by the lack of real...