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Risk of Water Damage

Date: 19th December 2019

Every day in the UK, £1.8m is paid out in claims relating to the escape of water.  These water leaks can cause untold damage and disruption commercially – accounting for approximately a third of all claims by value.

The impact of water leaks extends beyond physical assets such as buildings, fixtures, furnishing, equipment and IT systems.  From a commercial perspective, the effects are also likely to lead to further costs such as interruption to business, supply chain and profitability, as well as increased future insurance costs.

In recent years, there has been an increase in the frequency and severity of water damage incidents on construction sites.  A water or fluid leak near to completion of a construction or fit-out project can be catastrophic, resulting in significant disruption, delays and spiralling costs.

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Pinner Risk Solutions. Ground Floor, College House, 17 King Edwards Road, Ruislip, Middlesex, HA4 7AE. PRS and Pinner Risk Solutions are trading names of James Hallam Ltd which is a limited company registered in England and Wales. Registered number: 01632840. Registered Office: 156 South Street, Dorking, Surrey, RH4 2HF. Authorised and regulated by the Financial Conduct Authority Firm number 134435. © Copyright Pinner Risk Solutions 2018.