Insurance Day
The hidden risk from building defects following a fire loss
A fire claim can evolve into a much larger and more complex issue if investigations reveal defects in a building’s fire protection measures
FROM a property risk perspective, when a fire occurs, the immediate focus is naturally on the damage caused by the incident
itself. Yet increasingly, particularly
in the wake of Grenfell and the introduction of the Building Safety Act, investigations are uncovering a second layer of exposure that can ultimately
exceed the original loss.