28-07-2022 08:09 via constructionenquirer.com

Trade credit insurers pull cover for offsite builders

Trade credit insurers are pulling cover from modular construction specialists as the offsite industry continues to go through financial turmoil.
The Enquirer understands leading underwriters are limiting cover at very low levels or not offering insurance at all.
The offsite sector has been rocked recently by a string of company failures and closures.Big names including Caledonian Modular, House by Urban Splash and Mid Group have all gone under this year while Countryside Partnerships is closing
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