Between a Roof and a hard place....

[Mulberry View]

8 hours ago, Nickfromwales said:

If they go bust, can the insurance company in place at the time still be held accountable? Is there any recourse against a company gone bust in these circumstances?

 

This is what we need to know, I was discussing this with 'er indoors last night. Surely once we have put the insurance company on notice, they have to consider the claim? With car insurance, you don't need to stay with that insurer for the duration of the claim, similar right?

[Alan Ambrose]

>>> If they go bust, can the insurance company in place at the time still be held accountable?

 

Depends on the insurance. Proper PI insurance yes, it usually includes 'run-on' insurance for the period when the business is closed but the projects have not got to their insurance maturity. Other people's insurance maybe not. You should be able to get this info either from the docs you've got or the supplier.

[Mulberry View]

37 minutes ago, Alan Ambrose said:

>>> If they go bust, can the insurance company in place at the time still be held accountable?

 

Depends on the insurance. Proper PI insurance yes, it usually includes 'run-on' insurance for the period when the business is closed but the projects have not got to their insurance maturity. Other people's insurance maybe not. You should be able to get this info either from the docs you've got or the supplier.

 

I have limited docs from them, but they went from my job onto a multi-million pound project, I'm hoping that adds some weight to the theory that they must have a good insurance in place. I guess we'll know more once they engage with us, which if they do so within our legal timeline, is within the next couple of weeks.

[saveasteading]

24 minutes ago, Mulberry View said:

adds some weight to the theory that they must have a good insurance in place.

Don't count on it. Proper cover is very expensive. Especially PI.    I've known many cases of businesses taking out the least that can keep them legal / get them work.

They should have provided the info to you before starting the work.

 

I had a roofer once who's cover excluded any work higher than 4m.   Because that was cheap....small ads in the Sun.

[Mulberry View]

29 minutes ago, saveasteading said:

Don't count on it. Proper cover is very expensive. Especially PI.    I've known many cases of businesses taking out the least that can keep them legal / get them work.

They should have provided the info to you before starting the work.

 

I had a roofer once who's cover excluded any work higher than 4m.   Because that was cheap....small ads in the Sun.

 

Grrrrreat! Well, fingers crossed and we'll find out soon I guess.

[Nickfromwales]

I thought that PI was required where / if the contractor was the designer, but if the architect (principal designer) specifies, and the contractors are just the installers working to instruction, then they only (afaik) need PL.

 

I am not a legal expert btw.