A bespoke insurance programme that covers the supply chain under one policy is the safest approach

In (19 July, page 40), Tony Bingham is, I suspect, 鈥減laying to the gallery鈥� when he states 鈥渢he Construction Industry doesn鈥檛 want a discounted premium, it wants to pay you (the insurance company) for cover鈥�.

Having spent 30 years as a construction insurance broker, I disagree. Construction treats insurance like any form of procurement - lowest price prevails and then it assumes insurers will pick up all the risks dumped on the supply chain.

The only sensible way to insure development risk is through a bespoke insurance programme that covers the supply chain under one policy. This is an approach we, and other leading brokers, have followed for many years.

Graham De Roy, director, Griffiths & Armour Insurance Brokers

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