Insurers are increasingly providing reinstated or expanded terms for cladding and fire-related work, especially when it can be demonstrated that the work was completed after remediation deadlines and in compliance with the latest building regulations. The adoption of IUA model clauses remains common; however, some insurers are now offering broader, bespoke wording for select clients as competition grows.

Design and build contractors, as well as firms with no recent claims, are experiencing the most significant premium relief. However, these reductions are beginning to moderate slightly, as insurers aim to maintain underwriting profitability in a softening market.

This is putting pressure on some consultancies and specialist subcontractors to significantly increase their cover to stay eligible for tender opportunities.

While pricing has softened, insurers remain disciplined in their underwriting. Demonstrating strong internal governance, robust quality assurance/control processes, and clear supply chain due diligence remains critical. Firms involved in complex design work, modern methods of construction, or high-rise residential projects continue to attract more detailed scrutiny.

Both traditional insurers and MGAs are actively pursuing construction-related risks, with higher primary limits and broader policy terms becoming increasingly common. This increase in capacity has further strengthened the position of insureds during renewal negotiations.