subject: Professional Indemnity Insurance for Architects, Architectual Technicians & Draftsman [print this page] Professional Indemnity Insurance for Architects, Architectual Technicians & Draftsman
If they are a practising architect they must hold PII cover and indeed continue to hold this type of insurance for 6 years from the point of retirement or stopping to trade. Some may argue this is an unecessary cost, however, from our first hand experience, over 28 years as a specialist PII broker many, many claims have come from this sector and without such cover many businesses or indeed sole traders would have been in very serious financial trouble.
The key nowadays to obtaining the correct Professional Indemnity Insurance policy suitable for your practice is really to purchase via a good Professional Indemnity Insurance broker, they will be able to understand the sometimes complex requirements architectual businesses face. A good example would be perhaps that such a broker would make sure that your PII policy complies to the ARB, Architectual Regulation Board requirements and if you were working abroard that suitable endorsements allow an extension of cover.
A good PII broker would also be able to help you in such things such as Collateral Warranties agreements, if not directly by themselves then they should be able to provide legal contacts to help you when such contract advice is needed.
You also need to be happy that when a claim arises that there is a competent team to help you through what can be a worrying and concerning time. Obviously just like in the architects world where new products and services are occuring almost daily we have tried to find a balance between giving our architects and architectual technicians a quicker and better service when purchasing their Professional Indemnity Insurance or other commercial covers such as Public Liability Insurance and at a competitive price.
To this end we can offer, along with our full brokering traditional services to architects and architectual technicians an online multi quote and buy facility where you can obtain quotes from most of the leading suppliers for Architects Professional Indemnity Insurance by answering a few questions. You will have a choice of providers who are well aware of the regulators requirements so you can purchase your policy and cover within a few minutes with the full knowledge that the policy will be compliant.
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