Warning over rising insurance costs

By Will Ing2019-04-12T05:00:00

Source: Shutterstock

Hikes blamed on firms pulling out of construction

Contractors will face “punitive” changes to insurance rates which will threaten their ability to conduct business and could prompt a sell-off of assets.

That is the warning from insurance expert Mactavish which says the hikes are being caused by insurance ‘capacity blackspots’ hitting certain industry sectors such as construction.

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