Insurance risks of Labour’s housebuilding plans
The latest Insurance Post Podcast covers the insurance implications of Labour’s pledge to build 1.5 million new homes in five years – a target that raises major questions around construction safety, cost inflation, and long-term resilience.
Peter Wassell, technical director of UK repair solutions at Sedgwick, and Andy Penny, engineering and construction underwriting manager at Zurich, join the discussion to explore how the insurance industry is preparing to support (and safeguard) this massive building drive.
Among the concerns flagged are a shortage of qualified tradesmen and inspectors – a risk that could compromise building standards and derail green construction goals.
Added pressure from the rising cost of building materials also threatens to squeeze quality and safety.
The podcast also delves into the potential of digital building passports to provide a “golden thread” of data about how properties are built and how they should perform in cases like escape of water.
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