Professional indemnity insurance PII
I would like to add that when choosing a provider for your premium, make sure you speak to the company and try to gauge their knowledge and understanding of the architecture and construction industry. It makes a huge difference if you ever need to make a claim, as a company who are experienced within this field will be a better fit than a provider who specialises in medical indemnity, for example.
Things you need to do
-Every time there is a possible breach you need to notify your insurer there may be a claim against you
-Excessive notifications may impact on the premium but a failure to notify is likely to be more money (you may not be covered)
-Any written warning or threat of being sued must be notified to the insurer.
-If the value goes up or down in the project must notify the insurer (if you're insured per project)
-Make sure sub-consultants have adequate PII coverage, ‘back to back’ with the obligations in the contract.
You must sign in or register to edit or comment on an article
Return to Talk:Professional indemnity insurance PII.
Featured articles and news
Global BACS Market: analytics and optimisation
A BSRIA glance at building automation and control systems.
What it is and how to use it.
Types of insulating plaster by binder and insulant.
Investors in People: CIOB achieves gold
Reflecting a commitment to employees and members.
Scratching beneath the surface; a guide to selection.
ECA 2024 Apprentice of the Year Award
Entries open for submission until May 31.
UK gov apprenticeship funding from April 2024
Brief summary the policy paper updated in March.
For the World Autism Awareness Month of April.
70+ experts appointed to public sector fire safety framework
The Fire Safety (FS2) Framework from LHC Procurement.
Project and programme management codes of practice
CIOB publications for built environment professionals.
Sustainable development concepts decade by decade.
The regenerative structural engineer
A call for design that will repair the natural world.
Buildings that mimic the restorative aspects found in nature.
CIAT publishes Principal Designer Competency Framework
For those considering applying for registration as a PD.
Introducing or next Guest Editor Arun Baybars
Practising architect and design panel review member.