Architects have been warned to accelerate their plans to renew professional indemnity insurance for the next financial year as the Covid-19 outbreak adds to existing industry pressures.

The RIBA said in an update yesterday that timescales for securing terms in the current insurance market had increased threefold and were predicted to worsen as the peak renewal period coincided with increased absence and homeworking related to the coronavirus crisis.

“Many professional indemnity insurance brokers, including the RIBA Insurance Agency (Arthur J Gallagher UK), and the insurance carriers they work with are rapidly moving to reduced and homeworking arrangements for their staff in the light of the developing coronavirus outbreak in the UK,” it said.

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