As the case of Lejonvarn v Burgess (2017) demonstrates, even if an architect provides gratuitous services for friends, they can still be found legally responsible for negligence
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Reducing the risk of negligence claims
Whilst Professional Indemnity insurance is designed to protect you and your business if claims arise out of professional negligence, it is important to consider the factors that may lead to negligent practices and the steps that can be taken to minimise such risks.
In this piece from Mills & Reeve LLP, thought is given to potential causes of negligence claims and what firms can do to minimise exposure to certain risk factors.
At Arlington, our Professional Indemnity Insurance specialists will work with you to understand your business and requirements to ensure you have appropriate cover at a competitive price.
A Guide to Professional Indemnity Insurance
In today’s society many individuals and businesses may require Professional Indemnity (PI) Insurance; a policy designed to protect against claims arising out of professional negligence that provides cover for legal costs and expenses involved in defending a claim, as well as damages if your client has suffered a financial loss.
But do you know some of the key areas to consider when purchasing PI insurance to meet the often complex needs of your business? One of our insurance partners, Zurich, has written a guide to some of the important areas to consider, from policy limits to ensuring you are covered if you cease trading or retire. Find the full guide from Zurich here.
At Arlington we have a specialist PI team who will work with you to fully understand the needs of your business and who will negotiate with a range of insurers to obtain cover at a competitive price. Visit our Professional Indemnity Insurance product page for more details.
Construction sector growth
Recent statistics suggest that the construction sector ended 2016 showing positive growth, with December expanding at the fastest rate for 9 months, this is in spite of increased cost pressures. See more here.
With potential increases in the amount of work available to building professionals, it’s more important than ever to not just ensure that you have Professional Indemnity Insurance in place but also the right level of cover to protect yourself and business from even the smallest mistake.
Here at Arlington we offer Professional Indemnity cover to meet the specific needs of Building Professionals – find out more about our cover and how we may be able to help you here .
10 reasons you may need PI insurance
If a company is providing advice, design, skills or knowledge in a professional capacity, or handling intellectual property, they are wholly responsible for getting it right.
Professional Indemnity (PI) covers the insured against their legal liability to compensate third parties for injury, loss or damage due to a breach of duty in the conduct of their profession.
Here Allianz Insurance give 10 reasons you may need PI insurance.