The construction industry is becoming far more litigious and professionals are facing more exposures to notifications of claims and onerous contractual obligations than ever before. Whilst mistakes do inevitably happen, PI Insurance covers you for any negligent acts, errors or omissions in the course of your business and any allegations of the same. Couple robust PI insurance arrangements with suitable risk management advice and your business can benefit from long term stability.
It is often a requirement for all professionals on a project to carry Professional Indemnity regardless of size and the work involved. Typical losses can include professional errors or omissions in advice, failures relating to the appointment of the professional team and contractor, gaps in or failure of sub-consultant’s cover resulting in the consultant taking responsibility, failing to meet client’s requirements, statutory duty breaches, contractual breaches from terms and conditions with clients and breaches of collateral warranties or other third-party rights.
- Collateral Warranty cover
- Consequential Losses
- Health and Safety Legislation Breaches
- Defence and Legal Costs
- Fraud and Dishonesty Cover
- Loss of Documents Cover