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31 Mar 20211 minute read

PI insurance restrictions harming industry, says CLC

ECAtoday
PI insurance restrictions harming industry, says CLC

The Construction leadership Council, of which ECA is a leading member, has published the results of a survey showing that cost increases and new restrictions on professional indemnity insurance are preventing companies from taking on new projects. This could delay essential building safety work.

Other headline findings revealed that:

  • Over 60% of survey respondents have some form of restriction on cover relating to cladding or fire safety
  • One in three survey respondents have a total exclusion in place for cladding claims
  • One in five respondents have a total exclusion in place for fire claims

Andy Mitchell CBE, co-chair of the CLC said: “The survey results confirm that there is a widespread problem for many firms in being unable to obtain essential PI cover, which is having an impact on the ability of the industry to work, and undermining efforts to deliver remedial work to ensure building safety.”

For more information, click here.

Full survey result data can be found here.

ECAtoday

ECAtoday