Professional indemnity insurance in construction
In June 2021, the Construction Industry Coronavirus (CICV) Forum published Professional indemnity insurance in construction.
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.
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.
- 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.
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.
[edit] Related articles on Designing Buildings Wiki
- Coronavirus and the construction industry.
- Indemnity.
- Insurance.
- Professional indemnity insurance PII.
- Professional Indemnity Insurance clause in conditions of engagement.
- Professional indemnity insurance in Scotland.
- Professional indemnity insurance life cycle.
[edit] External resources
Featured articles and news
CIAT responds to the updated National Planning Policy Framework
With key changes in the revised NPPF outlined.
Councils and communities highlighted for delivery of common-sense housing in planning overhaul
As government follows up with mandatory housing targets.
CIOB photographic competition final images revealed
Art of Building produces stunning images for another year.
HSE prosecutes company for putting workers at risk
Roofing company fined and its director sentenced.
Strategic restructure to transform industry competence
EBSSA becomes part of a new industry competence structure.
Major overhaul of planning committees proposed by government
Planning decisions set to be fast-tracked to tackle the housing crisis.
Industry Competence Steering Group restructure
ICSG transitions to the Industry Competence Committee (ICC) under the Building Safety Regulator (BSR).
Principal Contractor Competency Certification Scheme
CIOB PCCCS competence framework for Principal Contractors.
The CIAT Principal Designer register
Issues explained via a series of FAQs.
Conservation in the age of the fourth (digital) industrial revolution.
Shaping the future of heritage
Embracing the evolution of economic thinking.
Ministers to unleash biggest building boom in half a century
50 major infrastructure projects, 5 billion for housing and 1.5 million homes.
RIBA Principal Designer Practice Note published
With key descriptions, best practice examples and FAQs, with supporting template resources.
Electrical businesses brace for project delays in 2025
BEB survey reveals over half worried about impact of delays.
Accelerating the remediation of buildings with unsafe cladding in England
The government publishes its Remediation Acceleration Plan.
Airtightness in raised access plenum floors
New testing guidance from BSRIA out now.