In whichever surveying discipline you specialise, the potential for making a mistake is always there, with surveyors professional indemnity insurance providing the necessary cover.
You are problem solvers, organisers and calculators making sure that properties are safe or providing technical services to construction sites providing a service that comes with an expectation of a certain level of professionalism and specialist knowledge.
Hensure Business Insurance Consultants have developed an online quote and buy facility for surveyors professional indemnity insurance to provide you with competitive cover in a matter of minutes.
PI insurance covers you in respect of compensation that you may have to pay to your clients arising out of problems associated with the work you have carried out for them. The insurance is designed to cover the cost of defending you against any allegations of wrongdoing as well as covering damages that may be awarded against you. It may also cover the cost of correcting mistakes in order to avoid a more costly legal action.
Professional Indemnity Insurance is written on a ‘claims made’ basis, which means that when a claim is received, it’s the current insurer in place that will respond rather than the insurer in place when the negligent act occurred. This is particularly important for surveyors, as errors in the property industry can sometimes take a while to come to the surface.
If you are a RICS member then you will have to be insured on a RICS approved surveyors wording, Hensure Business Insurance Consultants have specific RICS approved Surveyors wording available for you.