Hackitt consultation: Taking a hard line on risk

By Jeffrey Brown2019-07-02T05:00:00

The insurance market for contractors is increasingly tough, and not just on cladding-related work

There have been recent warnings of likely increases to contractors’ insurance premiums, particularly on work involving cladding, in the wake of the tragic Grenfell fire and the subsequent Hackitt report on fire safety. There are potential liabilities against the suppliers and installers of the cladding on Grenfell, and on other high-rise residential buildings. This construction risk, however, is not to be viewed in isolation. Large infrastructure projects – especially waste-to-energy plants and renewable energy projects, some involving wind turbines – also tend to be regarded by insurers as high-risk.

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