All quiet on the construction front!
Professional indemnity insurance is generally bought by what are loosely called professional service companies, such as architects, accountants, surveyors, IFA’s, solicitors and the like.
What is less widely known is that is often required in the #constructionindustry , especially where a principal contractor engages other firms to complete certain parts of the works.
Any company designing sub-sections of the works like consulting engineers, will be required to have #PIcover and this is normally required to the same level as the principal contractor.
Even electrical contractors may need an element of PI if what they do includes inspection, testing and signing off fixed electrical systems.
I was once asked for PI cover by a sign company. it was completely pointless, if the client wasn’t happy with something, he would just have gone back and fixed it, but because everyone else on the framework had PI he was forced to provide it also.
Not sure if you need PI just drop me a message here or call 02920 470375
Have a great week.
