ACE affiliate Griffiths & Armour have compiled an online video capturing their thoughts on the issues affecting the current PI Insurance market, and what members can do to protect their position.
Issues around the lack of insurer appetite and fire safety have come to the fore recently for the construction sector. As highlighted by CLC’s recent industry survey, nearly a quarter have lost jobs because of the tough conditions and limitations placed by insurance companies.
The video, featuring comments from experts at Griffiths & Armour explores the current situation in the market, and what you can do about it. The video offers a great way to understand the forces shaping the market, what drives insurers’ thinking, and how firms can manage their business and relationships to achieve better outcomes.
It forms a key part of Griffiths & Armour’s approach which is to empower businesses to proactively manage their relationships and achieve better outcomes, support informed decision making, and offer practical advice.
If ACE members have any concerns regarding their existing PI arrangements, Griffiths & Armour is more than happy to assist, but the advice is to not wait until renewal is upon you and to get in touch early. This will ensure they have enough time to help you achieve the best possible outcome. Find out more about our 75 year partnership or get in touch with Graeme Tinney (Professional Risks Director), today.