Workshop: Contractor / subcontractor insolvency

Contractors operating with thin margins and limited availability to cash or credit have experienced increasing numbers of high-profile insolvencies. Insurance coverages for projects are often directly linked to the contractors delivering the project and therefore if a contractor becomes insolvent the insurances linked to that contractor will cease to cover those projects. In these circumstances, project owners would need to seek replacement cover which would be at an additional cost and may not provide the breadth of coverage required. This workshop will explore how control and risk measures can help to mitigate the risks associated with insolvencies.

2:15 PM - 2:45 PM