"Materials cost index reveals rising costs and added pressures

Commercial property premiums could rise next year as latest data reveals the soaring costs of materials.

Construction material costs in the UK have reached a 40-year high based on the annual growth of the index."

(Insurance Times - December 2021)

Insurance Times has reported that “There is also a lack of PII insurers in the market which is an additional strain on premiums and makes it more cult for surveyors to get the cover they need.”