Insurance Related News
NHBC introduces new MMC acceptance service
NHBC has launched a new MMC acceptance service for the UK construction industry to build confidence in innovative construction.
ICW agrees long-term deal with A-rated insurer
ICW, a leading structural warranty provider, has signed a long-term deal with insurance partner Accelerant, who have received an AM Best A- (Excellent) rating.
Premier Guarantee strengthens insurer panel with HSB partnership
In an industry facing uncertainty, structural warranty provider Premier Guarantee has welcomed HSB to its insurer panel.
Insurers can tackle UK’s infrastructure funding gap, says L&G
Insurers can tackle a fifth of the UK’s infrastructure funding gap over the next decade and encourage ‘inclusive capitalism’, according to a new report by Legal & General.
Guidance on trade credit insurance to support construction supply chain
The Construction Leadership Council (CLC) Covid-19 task force has published Trade Credit insurance guidance to support construction businesses.
BLP Insurance to end partnership with Allianz
House warranty and commercial latent defects insurance provider, BLP Insurance has announced it will end its partnership with Allianz Global Corporate & Specialty (AGCS).
Trade Credit Insurance guarantee to support construction companies
Government to provide guarantees of up to £10bn to Trade Credit Insurance schemes for business-to-business transactions.
Construction firms hit by insurance cuts amid Covid-19 pandemic
At least five commercial insurers have removed cover for construction firms from their policies due to Covid-19, says Mactavish.
Structural warranty provider supports clients during Covid-19
Structural warranty provider, AHCI explains how they have adapted their practices to support construction clients during the Covid-19.
ABC+ Warranty – Architect certificates & structural warranty insurance
Architects Certificate provides cost-effective structural warranty insurance in the UK, with no membership fees, renewal fees or holding bonds.
Survey reveals ‘lack of appetite’ to insure timber frame construction
Over 50% of insurers have a ‘lack of appetite’ to insure works using timber frame construction, according to a survey by the specialist risks team at Inspire Insurance.
Insurance provider calls for thermal cameras to handle ‘hot work’ fires
Zurich is calling for contractors to adopt thermal imaging cameras to help reduce the number of fires started by 'hot work'.
Best practice for foundations in the construction industry
The technical team at structural warranty specialists Advantage Insurance (AHCI) take a look at what constitutes best practice for foundations in 2020.
High-rise buildings: Are they as safe as houses?
Following the introduction of a new industry-wide process for evaluating the fire safety of buildings over 18m tall in December, Helen Andrews, construction partner at Fieldfisher, considers whether the scheme is likely to stack up for development funders.
Water damage is the new fire damage
Jon Thacker of Willis Towers Watson’s UK construction practice looks at water damage claims and their increasing impact on underwriters.
Winter Construction Case Update
In this ebook, Peter Vinden, chief executive of The Vinden Partnership, looks at some of the key issues relating to contracts and insurance in the construction industry.
AHCI finishes 2019 in style following rapid growth
The Advantage Insurance team successfully rounds off 2019 by supporting local charity organisations close to their hearts.
Grenfell Tower: The fallout continues…
Chief executive of The Vinden Partnership, Peter Vinden, discusses the insurance crisis in the construction industry and what this could mean for those in the sector in 2020.
Tool theft claims rise 54% in two years
Insurance claims by tradespeople affected by tool theft have increased 54% in the previous two years
The data, released by insurer Simply Business,...
Insurance and JCT contracts
Dave Cahill, senior partner and divisional business development leader, Marsh JLT Speciality discusses the different risk profiles of new build and refurbishment or extension work, and how JCT contracts can help.
Construction firms urged to manage insurance risks before Brexit
Hard or soft Brexit, construction companies need to implement and amend insurance cover to avoid facing further challenges after 31 October.
Faraday ruling sets new precedent on public contract award cancellations
Successful challenges to public contract awards could be more likely following the Court of Appeal ruling in Faraday Development Ltd v West Berkshire Council.
Mixed news for homeowners covered by Alpha Insurance
Since the FSCS announced that they would be paying compensation to Alpha Insurance latent defects policyholders, thousands of homeowners have been seeking alternative cover.
‘Unconventional living’ rising in popularity
Over half of residential property owners in the UK would consider living permanently in an unconventional type of home, according to a recent survey from BLP Insurance.
Grenfell Tower fire: The law of unintended consequences
Peter Vinden, chief executive of the Vinden Partnership, looks at professional indemnity insurance claims and rising premiums in the wake of the Grenfell disaster.
ACAI urges government to review insurance for Approved Inspectors
The ACAI has called on newly appointed Housing Secretary Robert Jenrick to urgently review the government-regulated Approved Inspectors Scheme of Insurance.