Insurance implications for cladding projects post Grenfell

摘要

The Grenfell Tower fire was always likely to have significant consequences for cladding contractors and their professional services providers. And one of them is the likelihood of huge increases in their insurance premiums, specifically for professional indemnity insurance. Since the tragedy, there has been huge concern about fire safety and the use of certain types of composite panelling and cladding on buildings. Attention is on buildings over 18m in height, with a focus on aluminium composite material (ACM) panels - the type used on Grenfell. Insurers are reviewing their positions and their responses will not be particularly comfortable for the policyholders.