Contractors could be left with huge bills and no insurance, if a proposed law is passed.rnThe Civil Law Reform Bill would slash the statutory liability period -the time within which firms can make a legal claim against a contractor -from six years to three, and allow a 10-year long-stop period, after which claims are invalid regardless of when a fault is discovered.rnBut it would also enable clients to negotiate unlimited liability periods,rnmaking it difficult and costly to obtain insurance. Simon Ball, chief executive of insurance firm Coverzones, said: "It is unlikely that insurers would cover firms beyond the statutory period, meaning they could be liable for claims for many years to come."
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