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Update to Contingent Liability arising from the EWS1 Professional Indemnity Insurance Scheme following closure

20 March 2025

Proposing MP
Alex Norris Lab Co-op
Nottingham North and Kimberley
Type
Written Ministerial Statement
Department
Ministry of Housing, Communities and Local Government
View on Parliament.uk -->

At a Glance

Issue Summary

The statement discusses the closure of the EWS1 Professional Indemnity Insurance Scheme and provides an update on the contingent liability.

Action Requested

The scheme has closed due to improved market conditions, with a best estimate of expected losses at £70m. Policies sold under the scheme will continue to be insured under original terms. The government will keep Parliament informed of any changes to this contingent liability regularly.

Key Facts

  • EWS1 Professional Indemnity Insurance Scheme closed on 30 October 2023.
  • Expected losses from claims are estimated at £70m.
  • Policies have a 15-year term, with potential claims until 2038.
  • The scheme was for competent fire safety professionals undertaking EWS1 assessments.
  • Market conditions improved, reducing the need for government-backed insurance.
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