Surveyors Professional Indemnity

By: Apex Insurance  08/09/2010
Keywords: indemnity insurance, Errors And Omissions

Apex has been placing PI policies for Surveyors and Estate Agents for a number of years, and therefore has wide experience of the profession in both buoyant and difficult times. Our consistent and long-term approach is of immense benefit to our clients.

It is important that your broker has a keen understanding of your profession, and is aware of the challenges facing the industry at what is a very difficult time. As house prices fall, and commercial building projects start to grind to a halt, and investors look for someone to blame for them having lost money, it is now more crucial than ever to have a strong and rigorous professional indemnity cover in place. You can rest assured that all of the markets we approach are on the RICS panel of approved insurers, and use RICS compliant policy wordings.

The PI market has experienced relatively soft conditions over the past few years, with new players entering the market place driving premiums down to almost unsustainable levels. The slowdown in the housing market along with the credit crunch has shaken things up. Things have now changed fairly dramatically with some Insurers pulling out of Surveyors PI altogether and many that remain have now tightened up their underwriting criteria, restricted what risks they will accept and inevitably increased premiums to more sustainable levels. In these troubling times Apex Insurance offers a unique, entrepreneurial, expert and hands-on solution to your PII renewal.

Keywords: Errors And Omissions , indemnity insurance