Construction

Tuesday 4th October 2022
New fire safety insurance clause protects high-rise cladding repairs

The International Underwriting Association (IUA) has published a new fire safety insurance clause that insures cladding work completed under the government’s Building Safety Fund. The IUA, in collaboration with the Department for Levelling Up Housing and Communities (DLUHC), created a wording that protects against fire risks. The clause covers work completed under the government’s £4.5bn Building Safety […]

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Thursday 4th August 2022
Construction grows for the seventh month in a row

The construction industry achieved record growth of 1.5 per cent during May due to a surge in new commercial work. Data published by the Office for National Statistics (ONS) shows that growth in the construction industry increased from £100.8m in April to £102.3m in May. Despite a prolonged spell of challenging economic conditions, the industry […]

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Wednesday 22nd June 2022
Construction growth slows for the first time in five months

Neon Mavromatis, Managing Director, Construction, summarises the latest data from The Office of National Statistics (ONS) regarding monthly construction growth.  Construction output has fallen after five consecutive months of growth, figures from the Office for National Statistics (ONS) reveal. Monthly construction output decreased by 0.4% in volume terms in April 2022; this is the first monthly […]

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Monday 11th April 2022
Trade Credit insurance – secure trading in uncertain times

The UK construction industry has shown remarkable resilience in dealing with the economic uncertainty of several unprecedented events such as Brexit and Covid-19; with the devastating conflict in Ukraine prolonging this period of financial insecurity, many firms are now looking to the insurance industry for extra protection. Trade Credit insurance has become a lifeline for […]

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Monday 11th April 2022
Repair and maintenance work surpasses new business growth in January

Neon Mavromatis, Managing Director Construction, Kerry London, summarises the latest data from the Office of National Statistics (ONS) regarding monthly construction growth. Monthly construction growth increased by 1.1% during January 2022 and is now at its highest level since September 2019; this follows an increase of 2% in December 2021 and is the third consecutive […]

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