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.