The Construction Leadership Council (CLC) has launched its PI Insurance survey. This is being undertaken with the support of government and repeats the exercise run last year to establish the scale of the PI insurance challenges facing the industry.
The survey was initially carried out last year in response to reports from firms across the industry reporting sharp increases in their premiums for PI insurance, coupled with much tighter constraints on the activities that they are covered to undertake. Last year over 1,000 firms responded to the anonymous survey, which found that:
• Premiums had increased nearly four-fold at most recent renewal, having doubled the year before;
• Although most respondents said that less than 5% of their work related to high rise residential buildings,
almost one in three were unable to buy the cover they wanted or needed; and
• Over 60% had some form of restriction on cover relating to cladding or fire safety and over a quarter of
respondents said they had lost jobs as a result of inadequate PII, with one in three unable to carry out
necessary cladding remedial work if they wanted to.
The CLC seeks an even greater response this year to continue to provide government with current data to support the construction industry’s request for help in this area, particularly among the SME sector and to address the slowing pace of necessary remedial work.
The survey is entirely confidential and companies of any size from across the built environment are encouraged to participate.
Find out more and take part in the survey
Whilst this is relevant to all firms who employ CIBSE members in the UK, it will be of even greater relevance to those working in fire related or façade related activities and their input is most strongly encouraged.
The survey will be live until 29th April 2022.
Industry-level details of the results will be published by the Construction Leadership Council and will be used to inform ongoing work to support the sector.
Read the full CLC press release