Surveyors Professional Indemnity Insurance
Benchmark your surveyors insurance with a digital insurance broker to secure the most favourable terms from the market
Get Indemnity™ surveyors insurance
Compare surveyors insurance quotes to protect your firm against allegations whilst undertaking your duties
Ensure your firm has appropriate professional indemnity insurance in the event of an allegation. At get indemnity™ our digital onboarding process can obtain no-obligation insurance quotes for surveyors from the wholesale market.
Get indemnity™ surveyors insurance
When dealing with large property values, mistakes can have serious financial consequences. Surveyors professional indemnity can protect yourself against allegations, whether they have merit or not.
Examples of surveyors professional indemnity claims include:
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Negligent assessment of value |
Failure to detect deficiency |
Negligent assessment of repair costs |
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Breach of contract |
Insufficent inspection |
Bodily injury or property damage |
Royal Institution of Chartered Surveyors (RICS)
Firms must demonstrate they meet the requirements of Rules of Conduct for Firms: Rule 9. At get indemnity™ your policies can be issued on a RICS compliant basis.
What professional surveyor activities carry greater risk?
The below identifies types of work a firm of surveyors may undertake and categories of risk:
> Lower risk surveyor activities
> Energy Assessment
> Expert Witness
> Planning Supervision
> Property Management
> Medium risk surveyor activities
> Agricultural Valuation
> Building Society Valuation
> Land Surveying
> Marine Surveying
> Mineral Surveying
> Plant & Machinery Valuation
> Project Management
> Quantity Surveying
> Town Planning
> Higher risk surveyor activities
> Residential Surveying & Valuation
> Commercial Surveying & Valuation
Surveyor professional indemnity insurance claim examples?
- A survey fails to identify cracks in the buildings because of an adjacent tree. This comes to light after the purchase and substantial underpinning was required.
- A building was undervalued for insurance purposes, the rebuild cost was not enough to rebuild the property if it was a total loss, and the client makes a claim against the surveyor who had incorrectly valued the property.
How to compare surveyor's PI insurance quotes?
We continue to see soft market conditions for surveyors PI insurance with reductions in premiums available. However dependent upon the work undertaken there have been signs of a hardening market with a reduction in the number of competing insurers.
Your PI insurance broker should engage with you early in the renewal process to ensure sufficient strategic planning to obtain a satisfactory renewal.
What other insurance should surveyors consider?
This cost of defending personal injury claims can be significant and you may not even be at fault. Personal injury claims can include loss of earnings, possible loss of future earnings, pain and suffering.
Surveyor's public liability
Surveyor's employers liability
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.