Contractors can now get a 20% discount on their public and employers' liability insurance premiums if they join the Government's Quality Mark initiative.
The move aims to drum up support for the scheme in the face of poor initial uptake rates.

This incentive is especially relevant following the events of 11 September 2001 and the subsequent hiking of premiums by insurance companies covering contractors.

Construction minister Brian Wilson said: "The cost of public and employers' liability insurance is one of the major complaints within the industry, so I am particularly pleased to be able to announce this new benefit. The premium reduction will offer a significant opportunity to offset any entry costs associated with Quality Mark at any time in the future, and reflects the confidence insurers have in the scheme."

For more information on the Quality Mark Scheme call 020 7215 5000 or see the web site: www.dti.gov.uk.

Source

Electrical and Mechanical Contractor