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NCE/Marsh Risk Survey: How prepared are you for the economic downturn?

Several years of a booming economy and rapid expansion has rapidly turned into a sharp economic downturn; diminishing margins means claim culture may well return - but how well equipped are you to deal with any legal disputes?
New Civil Engineer has joined forces with the world's number one insurance broker Marsh to conduct a survey into risk in the construction industry.

Our survey aims to provide a picture of the construction industry's approach to risk and identify where more could be done.

Early indications show that this an area where it is right to have concerns: almost all firms responding to date are seeing an increase in costs associated with increased litigation made by other parties against them.

Many respondents suspect that unsubstantiated claims are being raised to delay payment.

Yet few firms have an in-house counsel or legal team, dedicated insurance or risk managers, or even written risk management procedures.

To help inform this fascinating and business-critical debate, we need your help.

We appreciate that the information being requested is sensitive, and no answers given will be attributed to any company. Your responses will be treated in the strictest confidence.

The survey results will be published in NCE in April, and a selection of responders will be invited to a round table dinner for a in-depth discussion and advance sight of the findings.

Click here to take part in the survey. Many thanks.

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