We're taking a deep dive looking at professional indemnity in the construction sector. Listen to Vanessa Klebber, Head of Corporate Risks, and Keith Mumford, Head of SPPI, as they explore the challenges of managing macro and micro risks in the built environment. Find out how claims trends, risk management, and the importance of robust contract management play crucial roles in mitigating potential liabilities. Learn from real-world scenarios and gain insights into the complexities of joint ventures and subcontractor management.

To find out more about Leppard products or to get support as a broker, visit leppard.co.za

Series produced for Leppard and Associates by Audiodacious.

Chapters:

(1:39) Professional indemnity has decreased PI premium pool due to soft market conditions

(3:17) Common trends in terms of claims

(7:01) Considering the opening scenario

(12:25) Managing subcontractor and joint venture liability

(15:27) Under-pricing can lead to cutting corners, increasing risk of errors and claims

(18:24) "Risk management could have prevented some catastrophes"

(20:43) Tales from the field: Subcontractor accidentally turns a swimming pool into a boiler