Carillion collapse to cost industry £31m

Construction site in silhouette

Trade credit insurers expect to pay £31m to help businesses recover following the collapse of construction giant Carillion, according to figures from the Association of British Insurers.

The construction giant, which employs 20,000 people in the UK, went bust last week with debts of about £1.5bn.

Mark Shepherd, assistant director, head of property, commercial and specialist lines, at

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