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ARB PII update
A week ago was the fifth anniversary of the Grenfell Tower tragedy, a reminder for all in the construction industry of how important safety is to the design and build of a development. There has been significant reform in legislation to better govern building safety. Along with these changes, professional indemnity insurers are also reassessing… Read More >
Broker Remuneration – FCA intervention looking likely after government review of post-Grenfell property insurance sector
In January 2022, Michael Gove, Secretary of State for Levelling Up, Housing and Communities, called on the Financial Conduct Authority (FCA) to assess the causes of the “crippling costs” of year-on-year price increases for insurance premiums and the marked restriction in coverage available for medium- and high-rise properties, after the Grenfell fire. Practical recommendations for… Read More >
Professional Indemnity Cover – What Next for RICS Members?
In recent years it has been increasingly difficult for professionals to obtain professional indemnity insurance (PII) cover. With less Insurers writing PII, those professionals who can secure terms have had to pay significantly higher premiums for substantially reduced cover. This has led to a rise in the number of surveyors seeking cover in the RICS… Read More >
IMPORTANT CHANGES TO PROFESSIONAL INDEMNITY INSURANCE – APPROVED INSPECTORS
As you will be aware, the professional indemnity insurance market has hardened in recent years and this trend looks set to continue. Challenges include significantly reduced capacity, increased premiums and restrictions in cover across the market. Following these recent trends, the Ministry of Housing, Communities and Local Government (the “MHCLG”) pursuant to 47(6) of the… Read More >
Cladding Claim avoids strike out
CASE REPORT: Crest Nicholson Operations Ltd & Anor v Grafik Architects Ltd & Anor [2021] EWHC 2948 (TCC) A recent unsuccessful application for strike out has shed light on the Court’s attitude towards the threshold for strike out in terms of lack of particularisation of a claim. The judgment made specific reference to this threshold… Read More >
Autumn Budget 2021: What does it mean for cladding remediation?
As we reported previously in our article here, the UK Government will be introducing a Residential Property Developer Tax in 2022. This tax will be used to partly fund the Government’s £5.1bn Building Safety Fund for cladding remediation costs borne by leaseholders in high-rise buildings over 18 metres. In the Autumn Budget 2021 announcement, Chancellor… Read More >
Construction Products Post-Brexit and Grenfell: Are you UKCA (and GSR) ready?
Introduction Since the Grenfell Tower tragedy, the regulation of construction products has attracted unprecedented levels of scrutiny and the Government has come under pressure to raise safety requirements. The use of controversial Aluminium composite material (ACM) cladding on the tower was a major contributor to the disaster. It had nonetheless been a lawful material at… Read More >
ARCHITECTS’ ROUNDTABLE – SEPTEMBER 2021
On 15 September, Beale & Co were delighted to host its latest Architects’ Roundtable for leading architectural practices. The roundtable provided an opportunity for architects to reflect on the key issues, some new and some prevailing, that are affecting the industry and to debate the challenges of today and the future. The roundtable focussed on… Read More >
Cladding Remediation – where are we?
Up and down the country buildings clad in ACM are in various stages of ‘repair’ as the process of stripping and replacing non-compliant ACM is undertaken. Some buildings have been fully remediated, others are being remediated and no doubt that process in respect of some premises has not even started. Cladding remediation data continues to… Read More >
US Senate Passes $1tn Infrastructure Bill
On 10 August 2021, the US Senate approved a $1tn infrastructure bill (the ‘Bill’) designed to help rebuild America’s aging roads, bridges, public transport and more. The Bill was passed by a bipartisan majority of 69:30 in the Senate (despite late efforts from former president Donald Trump to derail its progress) and promises to deliver… Read More >