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Professional Indemnity Insurance for construction professionals

The construction sector now engages a broad range of professionals, each with a tightly or loosely defined role, depending upon the size and complexity of the build. Professional Indemnity insurance for construction professionals is recommended for a large number of these.

Our construction professionals wording caters for all under an appropriate policy form that reflects the contractual requirements of the JCT and ICE forms. You will see a broad range of work activities. This is deliberate to ensure you pay the right premium for the work you actually undertake.

Our Professional Indemnity Insurance for Construction Professionals is suitable for the following;

Underwriting considerations

What will Professional Indemnity Insurers look for in order to assess the risk ?

Company size – The overall size of the firm. The Insurer s will want to understand the size of your firm in terms of the number of directors and qualified staff who give advice and also the turnover of the firm.

Qualifications and experience – Insurers will most probably want to see a CV which shows that the relevant people within the firm have a minimum of five years’ experience.

Type of work – Insurers will want to understand the nature of the work that you are involved in.

Contract sizes- Insurers will be interested in the Total Contract Values that you are involved in and not just your own Fee Income for the job. Insurers see a direct correlation between the Contract Values and 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.

Claims Experience – The claims experience 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 & internal risk management.

Policy coverage

Professional Indemnity Insurance for Construction Professionals – Policy wording

  • 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

See also;

  • Building project managers
  • Clerk of works
  • Estimators
  • Construction project managers
  • Building surveyors
  • Party wall surveyors
  • Quantity surveyors
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