insurance premiums in construction - A series of modern office and apartment blocks. In this piece, insurance and legal experts discuss the impact of the building safety regime in the insurance market.

How is building safety impacting insurance premiums in construction?

Overall, the limits to cover are at more viable levels, although, given the cost of premiums, higher limits may remain out of reach for some. However, the exclusions and/or restrictions for cladding and/or fire safety related claims still remain. There is also the difficulty that certain professions, such as managing agents, have in obtaining cover. 

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