Surveyors Professional Indemnity Insurance

There are many different classification of surveyors such as; arbitration surveyors, expert witness surveyors, general practice surveyors, project manager surveyors, quantity surveyors, building surveyors, structural surveyors, rating surveyors many of whom will be regulated by RICS, Royal Institute of Chartered Surveyors and must therefore comply with their regulator in respect of Professional Indemnity Insurance requirements.

The idea of the cover is to protect that particular business against possible claims brought by the surveyors clients, the regulators may argue it is also to protect the consumers. Clearly the insurance policy its self is designed to protect the surveyors themselves not the client. Of course the theory would be that in the event that the surveyor was indeed at fault with regards to the advice and services provided to their client, the end result may well be that the Professional Indemnity Insurance policy would provide compensation via the surveyors insurer to the client. That said it may well be that the surveyors services were correct and the surveyor was not in anyway at fault, how would the surveyor defend an allegation without the projection of costs occurred by legal representation?

Some companies and sole traders may feel that the cost of obtaining a PII policy is unnecessary, but given the growing number of claims against surveyors in recent years your would have to be very brave indeed (even if you have no regulator requirements to obtain Professional Indemnity Insurance) not to do so.

Hopefully we can help with the costs of your PII Professional Indemnity as a specialist broker we have negotiated with some of the top and best providers of these policies and have made it easy to obtain terms by going online via our websites, where after a few questions we can supply a variation of comparison quotes at competitive rates, which if you find acceptable you can then purchase directly online with a Professional Indemnity Insurance policy and cover being sent to your computer within minutes, go to www.professionalinsuranceagents.co.uk