Under construction.
Now that things are looking up for the construction industry insurers can afford to put rates up and make them stick, says Steve Banner.
It is a slow process, but construction industry rates are hardening,says Peter Hayes, construction underwriter at Royal & SunAlliance.
"Perhaps it would be more accurate to say that they're becoming less
soft," he remarks.
"Insurers haven't been making a vast amount of profit out of the sector,
so they're putting rates up, and making them stick," says Beverley Hill,
construction insurance specialist at Cornhill. "And they're targeting the
employers' liability portion of the premium in particular."
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