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Architects professional insurance, PI cover

Architects professional insurance

Hensure Business Insurance can provide Architects professional insurance both online and via the telephone. This profession as a whole is regulated by the ARB (Architects Registration Board). Architects professional insurance had previously been optional but it was made compulsory for all qualified Architects to have professional indemnity insurance in 1997.

The overall appearance of a building is the responsibility of the architect, although the design of a building involves far more than its appearance. Buildings must be functional, safe, economical, and must suit the needs of the people who use them, whether they are houses, shops, schools or offices. The effect a mistake can have can be enormous.

The Royal Institute of British Architects (RIBA) exists to further the cause of architecture in politics and culture, and operates in the UK and internationally. The Architects Registration Board (ARB) is the governing body, and it is roles are to protect consumers and uphold the reputation of the profession. The ARB is responsible for professional conduct and disciplinary procedures. The ARB deals with complaints, maintains the Register of Architects and investigates and prosecutes individuals who unlawfully call themselves an architect.

Underwriting considerations

Before insurers can provide any form of architects professional insurance they will need to consider the following;

  • Company size – This can be established in two ways, the gross annual income of the company & the number of partners/directors/employees.
  • Qualifications and experience – As with all professions, insurers will want to satisfy themselves and may ask for a CV that shows that an architect is suitably qualified and/or experienced to carry out the work undertaken on behalf of their client.
  • Claims experience – This is an important factor in the assessment of a risk. This information reflects on the type of work carried out by a company. It also reflects the quality of the company’s work, experience, staff & company risk management.
  • Retroactive exposure – Does the business have an exposure to claims arising from past work, whether in the current business or a previous company?
  • Overseas exposure – Does the practice carry out work for overseas clients?
  • Contract sizes – There is a direct relationship between the size and complexity of the job and the exposure.

Hensure Business Insurance can provide architects professional insurance to cater for all types of architects risks and approach a number of different insurers to obtain the best cover and premiums available in the market.

Policy coverage:

  • Professional negligence of the insured
  • Breach of intellectual property rights
  • Breach of confidentiality
  • Dishonesty
  • Loss of documents
  • Libel and slander

Other Insurance Services

Professional Indemnity Insurance
Public & Employers Liability
Injury & Incapacity Benefit Insurance
Director & Officers Liability Insurance
General Office Insurance
Shops/Retail Insurance
Insurance For Property Owners
Bespoke Business Insurance
Contract Works Cover
Trade Liability Insurance

Copyright © Hensure | Hensure Business Insurance Consultants is a trading name of RK Henshall & Co Ltd. www.rkhenshall.com. RK Henshall & Co Ltd are authorised and regulated by the Financial Conduct Authority. Registration Number: 308865. www.fca.org.uk. Written quotations, policy terms, conditions and exclusions are available on request. Privacy policy, Cookie policy, Complaints Procedure
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