Rising construction costs and material inflation mean many commercial properties are now operating with inadequate insurance coverage without their owners realising it. Christie Insurance’s Business Outlook 2026 warns that outdated valuations can leave businesses exposed, with average clauses reducing pay-outs when it matters most. That matters because reinstatement costs are not just rising — they are staying elevated due to labour, supply chain and specialist materials pres

Figures from the Association of British Insurers (ABI) reveal that insurers paid out over £600 million to cover storm and flood damage to UK homes and businesses in 2025 - the highest annual total on record. The rise in property claims reflects another punishing year of extreme weather, marked by 10 named storms between October 2024 and March 2025 and heavy rainfall across England & Wales. February alone saw more than a month's worth of rain in just two weeks, overwhelming dr