The Surveyors policy explained...
What's special about this policy?
We can offer RICS and non RICS compliant policies.
The cover provided works for you in six ways:
- You are covered for full civil liabilities.
- You are covered for claims made against you in the course of your work for clients.
- Your defence costs, court attendance costs, your liability to third parties and claimant's costs can be covered.
- The costs of putting a mistake right will be met if this will avoid a claim being made against you.
- In certain circumstances your fees will be covered if a client refuses to pay because of your negligent act and theatens to counter-claim if you pursue what's owed to you.
- You are covered for ombudsman awards.
Your business is protected:
- Against claims for negligence and breach of duty or care.
- From negligent misstatement or negligent misrepresentation.
- Against claims for defamation.
- If you inadvertently infringe someone else's copyright.
- Against dishonesty of partners, directors, employees or self-employed freelancers.
Our Surveyors policy is currently only available offline.
If you would like us to provide you with a quotation for this insurance please get in touch.
Alternatively, call our adviser for this occupation, Alex Snell on his directline 0845 3709022.
Policy documents
A sample of our policy wording is below:
Who it for?
- Building surveyors
- Land Surveyors
- Quantity Surveyors
- Structural surveyors
Why do you need Professional Indemnity Insurance?
When a claim is made against your professional proficiency as a skilled surveyor, it doesn't just get in the way of you doing your job - though that would be bad enough. A claim of professional negligence can undermine years of time and energy that you've invested in your profession - and potentially threaten your livelihood.
Our experience shows that very seldom do claims arise from negligent professional advice, faulty knowledge or skill.
It's more likely to be administrative errors and simple disputes that escalate out of control - but whether you're at fault or not, defending yourself can be expensive - and disruptive.
At Blyth Valley, we specialise in professional indemnity (PI) insurance and have done for ten years. We understand your risks and how they can best be mitigated by having the right kind of PI in place. That's why we look to reputable insurers when placing your insurance: Hiscox, Catlin, Royal & Sun Alliance, and W.R.Berkley.
We don't just look at price alone. We look for policies which will save you hassle and unnecessary stress in the long term.
We can explain what we feel the best quote for you to be, based not only on the coverage provided and the premium charged, but also by avoidance of steep policy excesses obscured in the small print.
If you want us to look for professional indemnity insurance tailored to your particular needs, fill in our Surveyors' quote request form and we'll use the best of our skills to safeguard yours.
Claims example
As a building surveyor you were involved in signing off the completed foundations for a new build. However, though you couldn't have known it, the data used for the initial construction was incorrect, and subsidence occurred.
As always happens when something goes wrong with a build, claims were made against anyone and everyone involved, so typically, although it clearly wasn't your fault, a claim was made against you.
Because you had PI cover in place, your insurers' claims department were prepared to sort out your defence costs immediately. They picked up all your legal fees from the moment your solicitor first drafted your defence to the moment your name - as you knew it would be - was cleared.
