Professional Indemnity insurance for Architects
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SubscribeWhy do Architects need Professional Indemnity insurance?
Your reputation can take years to develop and only a few moments to lose. For any business, having a comprehensive insurance programme in place is vital. However, the professional services and expert advice you provide can make you vulnerable to legal challenges and claims of professional negligence.
Having the right insurance cover in place ensures you mitigate your financial risk with confidence, giving you peace of mind should the unexpected occur.
Why should Architects choose Griffiths & Armour?
With extensive experience working in close partnership with leading architects in the UK, Ireland and internationally, we are recognised and trusted by professional bodies across your sector.
Our experienced team of Professional Indemnity Brokers have a unique understanding of the risks you face as Architects. We share what we learn with you, and our personal and proactive approach has consistently delivered long-term and trusted client relationships.
Our long and established reputation within the Professional Indemnity insurance market ensures that we find bespoke solutions, delivering highly competitive and often exclusive insurance options to our clients.
Beyond Protection
Our end-to-end support designed to empower your business at every stage.
Our team gives you the tools to increase resilience and create peace of mind, no matter the challenge.
Professional body relationships
Griffiths & Armour works with a number of professional bodies and organisations, both to support our clients’ interests and also to build our own knowledge base and profile with regards to important issues in the construction industry.
Legal helpline
Griffiths & Armour offers a legal helpline providing direct access to sector-specific expert solicitors for our clients with Professional Indemnity insurance.
With offices across the UK and Ireland, you can receive immediate legal advice on issues like negligence allegations, draft agreements, and commercial disputes at no additional cost.
Contract Review Service
We help you make informed decisions on mitigating contractual risks. Our team of experienced brokers and contract reviewers provide specialist advice on all types of construction contracts, from standard forms to bespoke documents, letters of reliance through to Novation agreements.
FAQs
Professional Indemnity insurance for Architects protects you and your business in the event of claimants suggesting they have suffered loss as a result of non-performance, breach of contract and/or professional negligence in the services provided. The insurance should also cover legal and other costs and expenses incurred in the defence of any claim.
Whether you’re a self-employed Architect or a business owner, there are a range of insurances such as Property, Business Interruption, Employer’s Liability and Public Liability that will be required to cover your potential exposure. However, given the nature of what you do and your clients’ reliance on your professional services, Professional Indemnity insurance will be central to your insurance programme.
If you’re not sure what coverage you require, one of our advisers would be delighted to assist you.
Professionals such as Accountants, Architects, Engineers and Solicitors will find themselves needing to hold Professional Indemnity insurance whether as a result of a legal requirement, the rules established by their professional institute or simply due to the demands of their client. Today, it would be very unusual to see any professional services agreement that does not impose a requirement to maintain PI insurance.
No, Professional Indemnity insurance is a class of insurance in its own right. Whilst similar losses may be covered under both classes of insurance, the purposes of the policies and the circumstances in which they respond are very different.
Professional Indemnity insurance is designed to respond where the claim has arisen from the provision of professional services.
The limit of indemnity is the maximum amount that can be claimed from insurers for the professional’s liability to pay claimant damages. The indemnity limit can operate as ‘aggregate’ or ‘Each & Every claim’:
- If it is ‘aggregate’ the insured has one limit of indemnity to cover all claims in any one period of insurance.
- If it is ‘Each & Every claim’ they have a separate limit for each individual claim that might arise in any one period.
Generally it is possible to secure cover for defence costs payable in addition to the limit of indemnity. Even under an ‘Each & Every claim’ policy, the limit of indemnity may be restricted for certain categories of claims such as pollution, asbestos or fire safety.
