The professional indemnity (PI) market for construction is particularly challenging at the moment. Underwriters have been losing money for several years and contractors are finding their business in a high degree of stress because PI is such an important class of business for them, almost a ‘licence to trade’. They have contractual responsibilities to provide this insurance so the availability of it is critical to continue their business operations.
Andrew Harrison-Sleap, PI Team Head at JLT Specialty provides a state of the construction professional indemnity (PI) market update in the videos below.
- Capacity and Pricing
- Tips for renewal
Talk to an expert
For further information please contact Andrew Harrison-Sleap, PI Team Head on +44 (0)20 7528 4711.