Jason Sharp and CEO Richard O’Brien of Merlin Insurance Brokers, discuss key insurance challenges in the construction sector. They discuss the increase in PI (Professional Indemnity) for Surveyors post-Grenfell, how the Building Safety Act has heightened scrutiny regarding increased premiums, and strategies for firms when they’re struggling to secure cover.
Richard also shares his insights on tall buildings, performance bonds – how they work and what they are, and recent JCT contract amendments that focus on modernisation. They also take a look at new and proposed developments in the insurance sector and the effects on the use of Ai.
Contact the Overford team if you require support with a construction claim or dispute.