With the release of the Draft Building Safety Bill 2020 at the start of this week, the government have pushed the full cost of building safety works on to leaseholders. Matt Hodges-Long, CEO and founder of TrackMyRisks, explains to Insurance Times how further problems have now surfaced for residents and the insurance industry. Lines such as professional indemnity are failing to deliver whilst leasehold residents in high-rise buildings have been severely impacted financially by sky-high insurance premiums.
Huge thanks to Clare Ruel for granting us permission to share the article.
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