In "Rethinking Construction" in the mid-1990’s Sir John Egan and his Task Force challenged the construction industry to commit itself to radical change so that a modern industry could be created. The Strategic Forum for Construction was then born, and its report "Accelerating Change" - which reaffirms and builds upon the principles set out in "Rethinking Construction" - is evidence of the ability of the industry to come together and agree a strategic framework for action. One of the Strategic Forum's recommendations for "Accelerating Change" was: • Integrated teams enable risk management issues to be fully addressed by the whole team in an open and transparent manner. Insurance is an aspect of risk management. Project Insurance products should be made available to underwrite the whole team to facilitate integrated working…. Griffiths & Armour have formed a joint venture with Tysers to deliver these recommendations and as members of the "Project Insurance Product Team" are currently collaborating with the construction and insurance industries and the Office of Government Commerce (OGC) to create a "Single Project Financial Loss" insurance policy, in which the client, any funder, and all members of the integrated project team will be beneficiaries. The initiative will be trialled with a range of projects brought forward by Government construction clients. If successful, it is intended to roll out the product to the private sector as soon as possible thereafter. For further information please send an email in the first instance to skeenan@griffithsandarmour.com