Round Table Discussions: Navigating Building Safety and Insurance
Tetra Consulting & Midway Insurance Services Ltd hosts an informative round table discussion to provide valuable building safety and insurance insights to property management professionals.
Overview
Organised by Tetra Consulting Ltd and Midway Insurance Services Ltd, a round table event was hosted in the heart of London, bringing together over 20 esteemed professionals in the field of property management. This event, set in an elegant, central London venue, provided a unique platform for experts to discuss critical topics related to building safety, fire safety, and block insurance.
The event was chaired by Rob Robertson, whose expertise and leadership set the tone for a day of insightful discussions and collaborative learning. Key speakers included Paul Robertson from Midway Insurance Services Ltd, a leading figure in the insurance industry known for his deep insights into the challenges and solutions in block insurance. Shaun Lundy and Robb Taylor, representing Tetra Consulting Ltd, brought their extensive experience in building safety and compliance to the table. Shaun, with his industry links and practical experience, offered a comprehensive view of the Building Safety Act and its implications for property management. Robb Taylor, with his extensive expertise in fire risk management, provided valuable insights into the practical aspects of implementing building safety measures in properties. Adding to the depth of expertise, Amanda Cunningham from Tetra played a pivotal role, contributing her unique insights and perspectives to the discussions. Her involvement underscored Tetra’s commitment to excellence in property management and safety. Angela Woods and Craig Williams also played instrumental roles in supporting the day’s proceedings. Their contributions added valuable dimensions to the discussions, reflecting Midway’s dedication to providing comprehensive solutions in the insurance landscape for property management.
The event was marked by a series of discussions and interactive sessions, providing a fertile ground for exchanging ideas, sharing best practices, and exploring innovative strategies to meet the evolving challenges in property management. The diversity of speakers and participants ensured a well-rounded perspective on each topic, making the event not just informative but also a great opportunity for professional development and networking.
As the property management industry faces new regulations and evolving risks, this event by Tetra Consulting Ltd and Midway Insurance Services Ltd was timely and pivotal. It underscored the importance of staying ahead in knowledge, compliance, and best practices to ensure the safety and satisfaction of residents and the success of property management businesses. We look forward to continuing these important conversations and collaborations in our future events, as we collectively navigate the dynamic landscape of property management.
Key Discussion Points: Insurance
The changing landscape of PI and D & O insurance and how insurers are restricting cover for fire safety.
The new regulatory requirements from the FCA for multi occupancy buildings insurance including:
- How this will impact on managing agents
- Who is responsible for producing which documents and what to expect from brokers
- Expected key objections from leaseholders
- Samples of leaseholder disclosure and Q & A for objection handling
- The insurance implications of the Leasehold and Freehold Reform Bill
A short video designed to advise property managers on the new disclosures is available at: https://www.1stsureflats.com/leaseholder-information-pack/
Key Discussion Points: Building Safety Act 2022 (Commencement No. 6) Regulations 2024
- The Act marks a significant shift in the management and regulation of high-risk buildings, introducing new duties for owners and managers.
- Key requirements include the mandatory application for a Building Assessment Certificate, assessment and management of fire and structural risks, and the submission of a Safety Case Report and Resident Engagement Strategy. The April 2024 deadline for having a safety case report ready was discussed and the continued frustration on the lack of clarity from the regulator expressed.
- The advice on compliance was that a reasoned, proportionate approach should be taken that acknowledges the limited resources available.
- The Act outlines new responsibilities for both residents and owners, emphasising the need for compliance and cooperation.
- Participants shared best practices and insights into fire safety management, highlighting the importance of continuing with the risk assessments regime and preventive measures for all building related risks.
The event was highly successful, with attendees appreciating the opportunity to share best practices, engage in constructive dialogue, and explore solutions to current challenges. The discussions around CPD and meeting the challenges of new regulations were particularly fruitful.
Encouraged by the positive feedback, we are looking forward to organising the next event in the near future. This will continue to build on the themes of professional development, knowledge sharing, and addressing the evolving challenges in property management.
Conclusion
The round table event has set a strong foundation for ongoing collaboration and professional growth within the property management community. We are committed to supporting each other in navigating the complexities of building safety, fire safety, and insurance in our industry.