Surveyors' Professional Indemnity
Royal Institution of Chartered Surveyors (RICS) requires chartered surveyors to buy professional indemnity insurance that provides a high level of cover against claims for civil liability arising in the course of professional practice. Certain minimum limits of indemnity are also required, depending on the income of the Insured.
Our insurance programme not only satisfies the professional indemnity requirements of the RICS (and other property and construction professional bodies) but provides significant additional benefits including:
- Limits of Indemnity up to £10,000,000 (subject to application)
- Choice of excess so you control the maximum amount you have to pay
- Cover for toxic mould claims
- Cover for management work under the Control of Asbestos at work regulations
- Payment by instalments
Policy cover also protects you against the essential liabilities incurred through;
- Professional negligence
- Dishonesty
- Ombudsman awards
- Adjudication awards
- Breach of intellectual property rights
- Duties assumed under collateral warranties
Most important of all, in the event of a claim you can be sure of a prompt, sympathetic and supportive response from our in-house claims teams. We will advise you on strategies to take the heat out of the situation and work with you to reach settlement while remaining mindful of protecting your reputation.
Surveyors' PI brochure
Details of RICS Risk Management Conference, 18 June 2008
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Travelers Insurance Company Ltd.