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ARTICLE · 25 OCTOBER 2021

Current Trends In Professional Indemnity Insurance For Construction Professionals

RDJ LLP
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Against a backdrop of a rapidly changing insurance market, construction professionals have been facing mounting premiums and reduced options for Professional Indemnity (PI) coverage.

IrelandReal Estate and Construction
Finola McCarthy
Finola McCarthy
Alison Bearpark
Alison Bearpark
Graeme Tinney
Graeme Tinney
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Against a backdrop of a rapidly changing insurance market, construction professionals have been facing mounting premiums and reduced options for Professional Indemnity (PI) coverage.

In the first instalment of a series of webinars focused on the construction industry, RDJ Partners Finola McCarthy and Alison Bearpark were joined by guest speaker Graeme Tinney, Professional Risks Director at Griffiths & Armour to discuss the current issues facing construction professionals seeking PI insurance cover in a tightening market.

Here are some key takeaways from that discussion:

  • From a PI Insurance (PII) perspective, 2021 has been an extraordinary year.  We are beyond the point of this being a normal stage in the market cycle to a situation where PII is now the subject of media headlines and Oireachtas committee meetings.  All of this points to a fundamental problem in the local liability landscape.

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