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
Industry Mega-Poll to Track Impact of PI Insurance Crisis
Companies from across the industry are being asked to take part in the biggest ever review of...
The Construction Leadership Council welcomes the Expansion of the Building Safety Fund
The Construction Leadership Council (CLC) welcomes the announcement made recently by the Housing...
Supreme Court judgment in FCA’s business interruption insurance test case
In what may well be good news for some companies in the Finishes and Interiors Sector, The Supreme...