On the safe side.
Insurers insist that if premiums in the construction plant industry are to stop rising then the issue of security must be taken more seriously. Steve Banner explains.
Construction plant insurance premiums look set to rise, thanks toongoing theft problems. "The silly, cut-throat rates that were around two
or three years ago are now no longer available, and the market looks set
to harden," says Derek Jones, underwriter, standards and development area,
at Royal & Sun Alliance Engineering.
"Not enough is being done to stop excavators and so on being stolen, and
it's having an impact on rates," says Ian Ross, product manager,
construction, at St Paul. "What's more
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