New model insurance clause covering fire safety risks published
Posted 05.09.22
International Underwriting Association: Further reading
Projects to tackle fire safety risks on high-rise residential buildings have been boosted by the publication of a new model insurance clause covering fire safety risks.
The wording has been developed by the International Underwriting Association (IUA) and the Department for Levelling Up, Housing and Communities for use in work being completed under the government's £4.5 billion Building Safety Fund.
It will help speed up the removal of unsafe cladding, encourage a greater safety culture within the construction industry and provide insurers with increased confidence in risk management processes employed by the construction sector.
The Building Safety Fund was introduced in order to cover the cost of such refurbishment work on high rise residential blocks over 18 metres.
The model clause is freely available for use by underwriters looking to provide professional indemnity insurance for building cladding remediation work.
*****
Return to this month's headlines
KEEP UP-TO-DATE WITH ISSUES AFFECTING THE SOCIAL AND AFFORDABLE HOUSING SECTORS
NEWS AND VIEWS REPORTED IN BRIEF SUMMARY FORMAT, WITH LINKS FOR FURTHER READING
RECOGNISABLE CATEGORY SECTIONS FOR EASY ACCESS
AN ESSENTIAL FREE RESOURCE FOR ANYONE WITH A BUSY SCHEDULE
EDITED BY MIKE SKILTON
CLICK ON THE SECTIONS BELOW FOR ALL CURRENT POSTS - OR THOSE FOR SELECTED PAST MONTHS
