Why choose Hensure for PI insurance
Personal Service
Our business is not a call centre, but instead provides a personal service and dedicated team to assist with your queries.
Experienced Team
Our team has a wealth of experience and knowledge to help you and your business get the most appropriate cover for your needs.
Online System
Our full 24/7 quote and buy facility allows you to run a personalised quotation, at a time that suits you and your business.
Why is professional indemnity insurance for Clerk of Works worth considering?
As somebody who offers professional advice, your client puts their trust in your knowledge and professional expertise. If your service or advice leads to a financial problem for your client, then they could file a claim against you.
Professional Indemnity insurance provides financial cover for the cost of the legal fees to defend your claim, as well as any compensation that you may be required to pay if your clients claim is successful.
Professional Indemnity insurance for a Clerk of Works is covered under a Construction Professional’s wording. This wording has been specifically developed for the role that you carry out.
Subject to underwriting criteria, it may be possible to place your professional indemnity insurance without the need to fill out a lengthy and time consuming proposal form.
Here at Hensure, our experienced team are here to help you find the right insurance cover for your business.
For further information on all aspects of professional indemnity insurance for Clerk of Works, please contact us today.
Things we look for
- Company Size – the overall size of the firm, based on gross annual income of the company and the number of partners/ directors/ employees.
- Qualifications and Experience – insurers will want to know how many relevant years’ experience that you have in the trade and may want to see relevant CVs.
- Type of Work – insurers will want to know the split of annual income derived from each discipline that the firm is involved in; some areas are considered high risk and some areas are considered low risk from a claims point of view.
- Claims Experience – 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 & internal risk management.
- Contract Sizes - insurers will be interested in the total contract values that you are involved in and not just the potential exposure that they could face to large claims.
- 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?
Policy coverage
A typical Professional Indemnity insurance policy for clerk of works will normally cover the following areas:
- Negligent act error or omission
- Unintentional intellectual property rights infringement (other than patents)
- Unintentional breach of confidentiality
- Unintentional defamation
- Fraud & dishonesty
- Loss of third party documents or data
- Computer virus transmission
- Negligence of sub-contractors
- Collateral warranties (limited to 2 assignments)
- Adjudications under the Housing Grants Construction & Regeneration Act
- Irrecoverable fees
- Bodily injury or property damage arising from breach of professional duty
- Defence costs
- Court attendance costs
- Breach of health & safety legislation
Your policy coverage may vary between insurer.
Insurance types
Professional Indemnity
- Professional Indemnity provides cover for claims that arise as a result of the work you have completed or advice you have given.
Public Liability
- Public Liability provides cover should members of the public receive an injury or property damage due to your work. This protects your business should a compensation claim be made, also covering any legal costs that result from this.
Employers’ Liability
- Employers’ Liability provides cover for compensation claims and associated legal costs, arising from employee injury or work-related illness.
Cyber Insurance
- Cyber Insurance provides support in the event of cyber-crime and unintentional data breaches, offering cover against the cost of revenue and fines.
Directors and Officers
- Directors and Officers insurance policies protect you financially against any claims that are made against you personally in your position as a director, partner or officer of your business.
Legal expenses insurance
- If you were involved in a legal battle, knowing that any money you spend on legal bills would be reimbursed could make all the difference. Legal expenses insurance does just that. It ensures that your business remains financially stable after a legal case by helping to compensate the business for incurred costs.
Contact us to find out more about the right cover for your business.
