Do Surveyors need Professional Indemnity Insurance?

Professional Indemnity Insurance is a must-have for surveyors, especially if you’re a member of the Royal Institution of Chartered Surveyors (RICS). It safeguards you against claims of professional negligence, mistakes, or omissions in your work. Whether it’s a property valuation, structural survey, or an advisory service, even the most experienced surveyors can face legal disputes. PI insurance covers legal costs and compensation, ensuring your business stays protected.

What does my RICS PII cover?

A compliant RICS PI policy is tailored to meet the standards set by the institution. Our policies typically cover:

  • Professional negligence: Mistakes or failure to deliver services that cause financial loss to your clients.
  • Legal costs: Defense expenses related to disputes, even if you haven’t made an error.
  • Compensation claims: Coverage for financial or reputational harm caused by your advice or work.
  • Libel and slander: Coverage for unintended defamation during your professional conduct.

How we make things easy:

 

At Inperio, we understand that finding the right PI insurance can be overwhelming. We streamline the process by:

  • Tailoring policies to your needs: Whether you’re a sole trader or a large firm, we offer customisable options.
  • Quick quotes: Get a quick turnaround as we understand the process might be stressful and we strive to provide the best outcome in a timely manner
  • Ongoing support: Our experts are on hand to guide you through claims, renewals, and policy adjustments, ensuring you’re always compliant with RICS standards.
  • Competitive premiums: Our expert team of underwriters apply their comprehensive underwriting experience to calculate the most competitive price for your business.
  • Security: Our policies are underwritten by Accredited Insurance (Europe) Limited approved by the RICS as a participating insurer.

 

 

Get in touch to find out how we can help you

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