Navigating Gateways 2 and 3: What this means for Rights of Light Insurance
The full implementation of the Building Safety Act 2022 represents a profound shift in the regulatory framework for higher-risk residential buildings (HRBs). Following the Grenfell Tower tragedy, this legislation introduces new compliance requirements, with Gateway 2 and Gateway 3 now fully operational as of October 2023. For developers, funders, and insurers, the implications are significant, particularly when it comes to rights of light exposure and the structuring of indemnity insurance.