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
Insurance impact in the wake of the Grenfell Tower fire
In the wake of the Grenfell Tower fire, anecdotal evidence emerged of fire insurance companies...