Professional Indemnity Insurance for Building Industries

In recent years it has been very difficult to sometimes obtain Professional Indemnity Insurance for Professionals in the building industry particularly for surveyors, architects and building surveyors.

The reason for this several new PII underwriting agents and MGA's have sprung up offering financial lines.

Specialist brokers Professional Insurance Agents Ltd who's CEO Graham Hearsey has stated "there are of course plenty of Professional Indemnity insurers offering all the standard covers, IT and miscellaneous classes but not so many for professions such as surveyors, offering survey valuation work or architects with larger contracts..

Professional Indemnity Insurance Claims & Covers Expand

There has been a big increase in PII claims particularly in the building sector, architects, surveyors, and engineers, however at the same time the demand for Professional Indemnity Insurance protection has grown from many new professions and request from government bodies local authorities, and charities that consults should all hold such covers.

Karler Mears managing director of leading Professional Insurance Agents Ltd said "we have seen two areas of change, one with the number of claims and two the number of new enquiries for PII."