Professional indemnity insurance in construction - Revision history

Designing Buildings at 08:18, 24 June 2021

2021-06-24T08:18:20Z

← Older revision		Revision as of 08:18, 24 June 2021
Line 1:		Line 1:
	[[File:CICV.PII.jpg\|link=https://cicvforum.co.uk/wp-content/uploads/2021/06/PI-insurance-v2-080621.pdf]]		[[File:CICV.PII.jpg\|link=https://cicvforum.co.uk/wp-content/uploads/2021/06/PI-insurance-v2-080621.pdf]]
−
−	~~= Introduction =~~

	In June 2021, the Construction Industry Coronavirus (CICV) Forum published [https://cicvforum.co.uk/wp-content/uploads/2021/06/PI-insurance-v2-080621.pdf Professional indemnity insurance in construction].		In June 2021, the Construction Industry Coronavirus (CICV) Forum published [https://cicvforum.co.uk/wp-content/uploads/2021/06/PI-insurance-v2-080621.pdf Professional indemnity insurance in construction].

−	~~= Scope of guide =~~	+	The free guide outlines the state of the insurance market, the precautions firms should take and the pitfalls they face. It covers subjects ranging from extending liability to contractual liability, the nature of PII cover, insurance limits, obligations under ancillary documents and risk management.
−		+
−	The free guide ~~examines professional indemnity insurance (PII) for the construction sector. It~~ outlines the state of the insurance market, the precautions firms should take and the pitfalls they face. ~~The guide~~ covers subjects ranging from extending liability to contractual liability, the nature of PII cover, insurance limits, obligations under ancillary documents and risk management.	+

	It acknowledges that a variety of reasons have contributed to the significant increase in the cost of PII while businesses have experienced reductions in the scope of cover. It explains how market attitudes have changed following a number of incidents, including:		It acknowledges that a variety of reasons have contributed to the significant increase in the cost of PII while businesses have experienced reductions in the scope of cover. It explains how market attitudes have changed following a number of incidents, including:
Line 16:		Line 12:
	* The effects of the Grenfell tragedy.		* The effects of the Grenfell tragedy.
	* A series of global natural disasters.		* A series of global natural disasters.
−
−	~~= About the CICV Forum =~~

	The CICV Forum was established in March 2020 to bring together the main construction trade and professional bodies for the purpose of gathering intelligence, sharing advice and speaking directly to the Scottish Government on issues affecting members during the COVID-19 pandemic of 2020/2021. Its membership includes representatives from 29 trade associations, professional services bodies and companies.		The CICV Forum was established in March 2020 to bring together the main construction trade and professional bodies for the purpose of gathering intelligence, sharing advice and speaking directly to the Scottish Government on issues affecting members during the COVID-19 pandemic of 2020/2021. Its membership includes representatives from 29 trade associations, professional services bodies and companies.

Editor at 13:01, 23 June 2021

2021-06-23T13:01:09Z

← Older revision		Revision as of 13:01, 23 June 2021
Line 27:		Line 27:
	* Insurance.		* Insurance.
	* Professional indemnity insurance PII.		* Professional indemnity insurance PII.
		+	* Professional Indemnity Insurance clause in conditions of engagement.
	* Professional indemnity insurance in Scotland.		* Professional indemnity insurance in Scotland.
	* Professional indemnity insurance life cycle.		* Professional indemnity insurance life cycle.
−	* Professional Indemnity Insurance clause in conditions of engagement.

	= External resources =		= External resources =

Editor at 12:56, 23 June 2021

2021-06-23T12:56:27Z

← Older revision		Revision as of 12:56, 23 June 2021
Line 3:		Line 3:
	= Introduction =		= Introduction =

−	In June 2021, the Construction Industry Coronavirus (CICV) Forum published [https://cicvforum.co.uk/wp-content/uploads/2021/06/PI-insurance-v2-080621.pdf Professional indemnity insurance in construction]~~. The guide examines professional indemnity insurance (PII) for the construction sector~~.	+	In June 2021, the Construction Industry Coronavirus (CICV) Forum published [https://cicvforum.co.uk/wp-content/uploads/2021/06/PI-insurance-v2-080621.pdf Professional indemnity insurance in construction].

	= Scope of guide =		= Scope of guide =

−	The ~~document~~ outlines the state of the insurance market, the precautions firms should take and the pitfalls they face. ~~It acknowledges that a variety of reasons have contributed~~ to the ~~significant increase in the cost~~ of PII ~~while businesses have experienced reductions in the scope of~~ cover.	+	The free guide examines professional indemnity insurance (PII) for the construction sector. It outlines the state of the insurance market, the precautions firms should take and the pitfalls they face. The guide covers subjects ranging from extending liability to contractual liability, the nature of PII cover, insurance limits, obligations under ancillary documents and risk management.

−	~~The guide covers subjects ranging from extending liability~~ to ~~contractual liability,~~ the ~~nature~~ of PII cover~~, insurance limits, obligations under ancillary documents and risk management~~. It ~~also~~ explains how market attitudes have changed following a number of incidents, including:	+	It acknowledges that a variety of reasons have contributed to the significant increase in the cost of PII while businesses have experienced reductions in the scope of cover. It explains how market attitudes have changed following a number of incidents, including:

	* A review of unprofitable insurance classes by Lloyds of London.		* A review of unprofitable insurance classes by Lloyds of London.
Line 22:		Line 22:

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =
		+
		+	* Coronavirus and the construction industry.
		+	* Indemnity.
		+	* Insurance.
		+	* Professional indemnity insurance PII.
		+	* Professional indemnity insurance in Scotland.
		+	* Professional indemnity insurance life cycle.
		+	* Professional Indemnity Insurance clause in conditions of engagement.

	= External resources =		= External resources =

Editor: Created page with "link=https://cicvforum.co.uk/wp-content/uploads/2021/06/PI-insurance-v2-080621.pdf = Introduction = In June 2021, the Construction Industry Coronavirus (C..."

2021-06-23T12:50:17Z

Created page with "link=https://cicvforum.co.uk/wp-content/uploads/2021/06/PI-insurance-v2-080621.pdf = Introduction = In June 2021, the Construction Industry Coronavirus (C..."

New page

[[File:CICV.PII.jpg|link=https://cicvforum.co.uk/wp-content/uploads/2021/06/PI-insurance-v2-080621.pdf]]

= Introduction =

In June 2021, the Construction Industry Coronavirus (CICV) Forum published [https://cicvforum.co.uk/wp-content/uploads/2021/06/PI-insurance-v2-080621.pdf Professional indemnity insurance in construction]. The guide examines professional indemnity insurance (PII) for the construction sector.

= Scope of guide =

The document outlines the state of the insurance market, the precautions firms should take and the pitfalls they face. It acknowledges that a variety of reasons have contributed to the significant increase in the cost of PII while businesses have experienced reductions in the scope of cover.

The guide covers subjects ranging from extending liability to contractual liability, the nature of PII cover, insurance limits, obligations under ancillary documents and risk management. It also explains how market attitudes have changed following a number of incidents, including:

* A review of unprofitable insurance classes by Lloyds of London.
* Advances in the size and complexity of the design and construction process.
* Businesses taking on higher levels of risk.
* The effects of the Grenfell tragedy.
* A series of global natural disasters.

= About the CICV Forum =

The CICV Forum was established in March 2020 to bring together the main construction trade and professional bodies for the purpose of gathering intelligence, sharing advice and speaking directly to the Scottish Government on issues affecting members during the COVID-19 pandemic of 2020/2021. Its membership includes representatives from 29 trade associations, professional services bodies and companies.

= Related articles on Designing Buildings Wiki =

= External resources =

* CICV, [https://cicvforum.co.uk/wp-content/uploads/2021/06/PI-insurance-v2-080621.pdf Professional indemnity insurance in construction].

[[Category:DCN_Guidance]] [[Category:DCN_News]] [[Category:News]] [[Category:Publications_/_reports]] [[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]]