Kerry London’s Professional Indemnity Insurance experts outline changes by the Royal Institute of Chartered Surveyors (RICS) to increase the minimum level of professional indemnity insurance (PII) for its surveyor members.
Case study: We reviewed our client’s professional indemnity insurance (PI) for professional services because they had faced significant premium increases and restricted cover during the hard market.
The construction industry has gone through a prolonged period of unprecedented changes. Devastating events such as the Grenfell fire, the pandemic and, most recently, conflicts in Europe and the Middle East have triggered a lot of change.
Recent legislative changes and the impact of the economic downturn may present additional risks for surveyors in the year ahead.
The last few years have brought many changes that have affected the insurance broking industry. Covid accelerated the introduction of hybrid working, lockdowns tested the limits of business interruption insurance, and Brexit brought ongoing uncertainty to many businesses.
