To be a Chartered Architectural Practice, you have to have Professional Indemnity insurance, and in the UK, the Architects Registration Board (ARB) requires all practising registered persons to be covered by a professional indemnity insurance (PII) policy. Known as PI, it covers professional duties of an architect and the ARB recommends that it be at least £250,000 for every architect.
This programme will cover a range of issues: from the basic explanation of PI and the differentiation between PI and other forms of professional insurance cover; to claims' case studies and examples of the type and extent of your professional duties and responsibilities and the extent of cover required.
In 2011, the RIBA Insurance Agency (RIBAIA) celebrates 25 years of providing professional indemnity insurance to architects.
- What is PI?
- What is the best PI cover for a standard range of practice portfolios
- Examine the types of liabilities entailed and the importance of full and accurate written records
- How long should PI cover be maintained and at what level?
- Should you notify your insurer of every potential claim?
- The RIBA and ARB's requirements for insurance cover (over and above PI)
- Common mistakes and misapprehensions
About the contributor
Dennis Hopwood, Managing Director, RIBA Insurance Agency