Sky-high Risk: The Impact of Increasing Tall Tower Construction in the UK
Skylines in London and the rest of the UK are rising. With an increasing number of tall tower construction projects in the pipeline, we explore the risks associated with these enormous projects.
Tall towers require increased risk mitigation and transfer strategies to avoid costly damage, delays, and litigation, which can prove challenging to developers.
Marsh has set out to identify the key risks surrounding the construction of tall towers in urban areas and how costly losses and delays might be avoided, including:
- Heightened construction risks, including damage to works and delay.
- Increased third-party risks, such as third-party liability and environmental.
- Unique tall building risks, such as right of light disputes and flight risks.