- PI insurance for Architects
- Architects Registration Board requirements
- Architects professional activities by risk
- Market conditions for architects PI insurance
- Other business Insurance for architects
- Employers liability for architects
- Public liability for architects
- Cyber crime for architects
PI insurance for Architects
Although your architectural firm will invariably do its best to carry out work error free, mistakes can unfortunately occur, and frivolous allegations can be made. It is therefore essential professional indemnity insurance
(PII) is available to offer financial protection.
A potential claim can have significant financial consequences if you are unfortunate enough to become the target of an allegation. Architects professional indemnity insurance claims can include:
Mistake in the preperation of designs
Breach of building regulations
Incorrect planning application
Indentifies inadequate materials
Bodily injury and property damage
Architects PI Insurance protects against the failure to exercise reasonable skill and care in provision of professional or advisory services. Architects PII protects businesses by providing a legal defence and covers the cost of damages from a clients claim.
At get indemnity we can offer architects professional indemnity insurance for RIBA architects, architectural technologists or technicians. Complete our online application to apply for a range of insurance covers designed for architects.
Operating as a digital insurance broke
r we can access multiple insurers from the wholesale market to identify the most appropriate cover for your firm.
Architects Registration Board requirements
Architecture in the UK is regulated by the Architects Registration Board (ARB)
. Professional indemnity insurance
is compulsory for all architects under the ARB Architects Code.
The ARB requires a minimum Limit of Liability of £250,000 each and every claim. However, it is up to each firm to determine whether they have sufficient cover for the work they undertake. The ARB also recommends that architects purchase a minimum six years of run-off cover upon cessation of business.
At get indemnity we are experts in architects professional indemnity insurance. We can work with you to ensure you purchase the most appropriate cover at the lowest cost.
Architects professional activities by risk
The exposure posed by architectural firms has high potential for claims activity. The principle risk arises from negligence in the preparation of plans, designs, drawings and specifications.
It is commonly accepted that non-structural architectural work is typically low hazard because it does not involve the foundation of a building. Architectural work on new builds typically carries a higher hazard, particularly if the work is in the commercial or industrial sector.
Insurers views are subjective when reviewing your submission, however the list below identifies commonly accepted perceptions of architectural risk:
> Lower risk activities
> Aborted Work
> Architectural Design Services
> Construction Management
> Landscape Architecture
> Project Management
> Refurbishment / Non-structural
> Medium risk activities
> Civil Engineering
> Building Surveying
> Environmental Engineering
> Structural Engineering
> Higher risk activities
> Soil Engineering
> Piling and Foundations
The nature and size of an applicant's largest projects will indicate the level of exposure posed to the insurance underwriter.
> High risk projects include:
> Harbours / Jetties
> Leisure Centers
> Medical Centers
> Oil & Gas
> Railways / Roads
> Sewage Systems
> Sports Stadiums
> Water Systems
Market conditions for architects PI insurance
At get indemnity
we continue to see soft to medium market conditions for architects professional indemnity insurance
, with reductions in premiums and extensions in cover available.
If you operate within medium to high hazard architectual activities or projects, there have recently been signs of a hardening market. We recommend you engage with your PI insurance broker early to ensure sufficient strategic planning to obtain a satisfactory renewal.
With access to the wholesale insurance market, we can offer your architectural firm a range of quotes from a number of insurers. Complete our online application
to apply and we can typically provide quotes in 48 hours.
Other business Insurance for architects
There are a number of business insurance products available to your architectural firm to assist with mitigating risk. At get indemnity we can offer a comprehensive package to ensure you are covered should the worst happen.
Employers liability for architects
Most architecture firms will employ staff therefore you will be required to purchase employers liability insurance
under UK law.
An employee could trip and fall at your offices leaving them with a permanent back condition. The insurance will provide a legal defence and cover the cost of damages from an employee suffering a bodily injury or illness whilst working for you.
Public liability for architects
It is worth considering public liability insurance
if you have clients or members of the public visit your premises, or if you visit clients at their premises.
A client could accidently slip and suffer a serious head injury at your offices. Public liability will provide a legal defence and cover the cost of damages. Without adequate protection the cost of personal injury cases can be significant.
Cyber crime for architects
A cyber crime can potentially be covered under both cyber insurance
and a crime insurance
, however each policy will seek to mitigate the impact in different ways.
Please complete our online application to obtain a selection of quotes that can combine covers under one policy.
This guide is for information purposes and based on sources which we believe are reliable, the general risk management and insurance information is not intended to be taken as advice with respect to any individual circumstance and cannot be relied upon as such.