Solution examples

• These are defects discovered in materials, usually many years after their first introduction and use, that pose a potential for future loss or damage. Very often they cannot be easily remedied in anticipation of their potential for causing damage or collapse.

• Reinforced Autoclaved Aerated Concrete (RAAC) is a contemporary example along with combustible cladding such as identified in the several tower-block fires of recent years.

• The term ‘Inherited defects’ is a reference to the liability and responsibility of the party in ownership/control of the property/material at the time the defect is discovered. Very often the original designer, producer, builder or installer of the defective material is long gone and the legacy falls upon the present owner to resolve.

• Our role is to identify the foreseeable loss or damage arising from the defective product and using our expertise in insurance and transfer of foreseeable risks to assist our clients in designing an insurance vehicle that can provide protection against the consequences of loss or damage arising in pre-determined circumstances.