Revised PII Guidelines to Tackle Rising Costs

Nov 07, 2022

The Department of Public Expenditure and Reform has published revised guidelines for professional indemnity insurance (PII) for public works projects procured under the Capital Works Management Framework (CWMF). 

As a result of the tightening insurance market for PII, it is becoming difficult to obtain PII at levels that were previously commonplace. Policies for construction professionals and contractors are becoming increasingly expensive, are providing a reduced level of cover, have a greater number of exclusions and increased levels of excess. The revised guidelines have been introduced in recognition of the significant changes in the cost and availability of PII over the past two years.

The new guidelines are designed to reflect the level of insurance currently available, ensuring that the public works marketplace can continue to remain competitive. The revised guidlines can be found here.

    

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