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Architects Professional Insurance

Wednesday, February 15th, 2012

Architects are regarded as one of the traditional professions. The profession as a whole is regulated by the Architects Registration Board (ARB). Architects PI insurance became mandatory for all qualified Architects in 1997.

Whilst the ARB is the governing body for the profession the Royal Institute of British Architects (RIBA) is perhaps the best known organisation representing the industry. All Architects must be registered with the ARB and it is the ARB which lays down the rules for Architects PI (see www.arb.org.uk).

Architects need to be a member of RIBA in order to obtain Chartered Status. Architects are involved in all aspects of planning, designing and supervising the construction of buildings of all types.

Insurers take into account a number of factors when underwriting a risk.

These include;

  • Practice Size – The number of partners and staff as well as the gross annual income of the firm.
  • Qualification and experience – Underwriters will want to satisfy themselves that an architect is suitably qualified and/or experienced to carry out the work undertaken on behalf of his client.

The usual cover;

  • Usually the limit of indemnity will be “any one claim” with legal costs in addition.
  • The excess will not normally apply to insurers’ costs and expenses.
  • If the cover is on a civil liability basis, then the cover would normally include negligence, liability for dishonesty, liability for lost documents, libel and slander and breach of warranty of authority.

Bare in mind if the practice ceases, partners must ensure that they purchase run-off cover for at least six years. The limit of indemnity must be maintained at the highest level in the preceding three years to the cessation of the practice.

For more information regarding Architects Professional Insurance please see here.


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