CLS launches public procurement indemnity policy

Competition contract

CLS Risk Solutions has launched public procurement indemnity insurance to the broker market.

The policy protects developers against losses arising from a successful challenge to the awarding of a public contract.

CLS claims the policy is unique to the market.

Chris Gwynn, lead underwriter for public law risks at CLS, commented: “Public procurement indemnity insurance is typically arranged via brokers or lawyers, who now have a significant opportunity to support developers, and provide the

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