Construction PI - Bricking it
As the credit crunch bites hard in the construction sector, professional indemnity rates are set to increase, writes Fiona Nicolson
The construction industry was one of the first sectors to experience tough times and many architects, surveyors, engineers and contractors will now be reviewing their costs more carefully than ever. Yet, just as cash flow is becoming a more urgently pressing concern, professional indemnity - a business essential - looks set to become more expensive.
Clients have benefited from a soft market in which premiums have been stable for years and many now believe that the status quo is on the verge of
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