05-04-2024 08:14 via constructionenquirer.com

Main contractor trade credit insurance hits crisis point

Jittery insurers are pulling trade credit insurance cover on some of the country’s leading contractors.
The Enquirer has been contacted by several subcontractors and suppliers in recent weeks warning they are unable to obtain cover on some of the industry’s biggest names.
The spectre of further insolvencies following recent main contractor failures is disrupting the normal function of insurance within the sector as subcontractors say they are being forced to turn down work.The nervou
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