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
Details of Brexit Deal published and new guidance emerging to support businesses
Details of the Brexit deal are now available. The 1,246-page deal has finally been published...
Chancellor extends furlough and loan schemes
In a move to ensure firms can access the support they need through continuing economic disruption,...
Government extends Furlough to March and increases self-employed support
Workers across the United Kingdom will benefit from increased support with a five-month extension...