Lockton seeks industry standard for escape of water

Water damage claims in the construction sector could be significantly reduced if an industry standard was created, according to broker Lockton.

Major UK contractors, engineers and manufacturers - including Stanhope, the property development management company - have attended a series of meetings hosted by Lockton in a bid to come up with an industry standard for escape of water (EoW).

Steve Bracey, managing director, real estate and construction - a division of Lockton Companies International -