Property and the growing risk of underinsurance

17 Nov 2021

Liam Murphy, property damage and policy coverage partner at BLM, discusses the risks posed by Brexit and the pandemic on insurance policies for property businesses

Writing for Property Notify, Liam said:

“There is an old adage, often heard upon the existence of an insurance policy, along the lines of “it is okay, it is covered by the insurance”. This overly simplistic take is one that often fails to take into account all issues surrounding the scope and extent of any policy cover in place. Perhaps this has never been more apparent than in the current economic climate where society and businesses alike are being impacted by supply chain shortages and increased prices for materials. These factors have been significantly contributed to by both Brexit and the ongoing global COVID-19 pandemic.”

Click here to read the article in full in Property Notify.

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Disclaimer: This document does not present a complete or comprehensive statement of the law, nor does it constitute legal advice. It is intended only to highlight issues that may be of interest to clients of BLM. Specialist legal advice should always be sought in any particular case.

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