Surveyors’ Professional Indemnity Insurance with Meadow Broking
Find competitive PI insurance for surveyors with Meadow Broking.
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Get protection with professional indemnity insurance for the surveying sector
Surveyors come in many shapes and sizes, but whether you’re a building surveyor or a quantity surveyor you should protect yourself and your business from possible claims against you. Professional indemnity insurance for quantity surveyors, asbestos surveyors or others in the sector safeguards against such claims, whether they result from perceived error, omission or negligence.
Meadow Broking can help you whether you’re looking for pi insurance for building surveyors, professional indemnity insurance for land surveyors or cover for any other type of surveying business. That’s because we understand what you do and we understand the market.
Our independent brokers handle the process for you, even for complex cases. Freeing up your time, while still making sure that you get comprehensive protection against financial loss from legal claims. We also understand that sometimes you want to discuss your needs with a real person. So we offer every client a personal service with someone on the end of the phone if you need them.
How it works
Whether it’s your first attempt at finding UK professional indemnity insurance for chartered surveyors or you’ve almost given up trying, let Meadow Broking help. The process is simple and personal.
Who we help
Meadow Broking can advise anyone working as a surveyor about securing professional indemnity insurance. Professional asbestos surveyors for example may face claims if an error they make results in an expensive clean-up operation. Whatever area of surveying you work in, getting indemnity insurance is a must.
Need advice? Call 0118 315 0866 to speak to us.
Lines Open: Monday-Friday: 8am – 6.30pm
Surveyors Professional Indemnity Insurance FAQs
Select an option below to answer your questions about PI for surveyors and surveying practices.
What is professional indemnity insurance for surveyors?
What types of surveyors need professional indemnity insurance?
What does professional indemnity insurance cover for surveyors?
Is professional indemnity insurance a legal requirement?
How much professional indemnity insurance do I need in the UK?
Does my surveyors’ professional indemnity insurance cover me for work with overseas clients?
What if I need public liability and professional indemnity insurance?
What is professional indemnity insurance for surveyors?
PI insurance for quantity surveyors and other surveying professionals offers cover against some claims made against you by clients. Specifically, it relates to claims that are made when a customer or clients feels they have suffered a financial loss due to how you have carried out your professional duties.
What types of surveyors need professional indemnity insurance?
Professional indemnity insurance is recommended for any professional person or business that offers advice or instructions, or provides plans or designs. This includes building surveyors, land surveyors, and asbestos surveyors, as well as quantity surveyors and marine surveyors.
In addition to the protection this insurance gives you, it is a condition of many contracts that you and your company hold sufficient professional indemnity insurance.
What does professional indemnity insurance cover for surveyors?
The possible risks that are covered for surveyors by PI insurance are numerous. For example professional indemnity insurance for building surveyors would protect against a client suing after being given incorrect advice or asbestos surveyors PI insurance could cover any risks resulting from an inaccurate report. All types of indemnity insurance, including building surveyors PI insurance, PI insurance for marine surveyors and PI insurance for quantity surveyors, cover you whether the claim results from a mistake or from negligence.
More generally the following may all be covered by surveying professional indemnity insurance:-
- Breach of contract, if you fail to deliver services as agreed in the client contract.
- Error, omission, misstatement or misrepresentation, if you provide incorrect advice or leave out key information.
- Data breach or breach of confidentiality, if you share sensitive information without permission.
- Defamation, if you make libellous statements about a client.
- Breach of copyright, if you infringe copyrights, intellectual property or trademarks.
- Loss or damage to documents, if documents are damaged or lost while in your possession.
What Our Clients Say
Is professional indemnity insurance a legal requirement?
Professional indemnity insurance is a mandatory requirement for anyone who is a member of the Royal Institution of Chartered Surveyors (RICS). However, even if you are not a member it’s potentially expensive not to get PI insurance as the legal costs of claims against you will far outweigh the price of your premiums.
How much professional indemnity insurance do I need in the UK?
How much PI cover you need for your surveying business will form part of the process of finding a policy with Meadow Broking. The RICS lays down a minimum requirement of cover based on your firm’s turnover. These requirements are as follows*
- For businesses with a turnover of £100,000 or less the minimum level of cover is £250,000
- For businesses with a turnover of £100,001 to £200,000 the minimum level of cover is £500,000
- For businesses with a turnover of £200,001 and above the minimum level of cover is £1,000,000
At Meadow Broking we understand the specialist risks that surveyors face, so we’ll always make sure you have sufficient cover.
*Correct at time of writing – please click here for latest information: RICS Professional Indemnity Insurance (PII) in the UK and Republic of Ireland
Does my surveyors’ professional indemnity insurance cover me for work with overseas clients?
If you require indemnity insurance that covers you for working with overseas clients we can certainly help. When we speak to you, we’ll discuss whether you need cover to physically work overseas – geographical limits – and/or whether you need cover for contracts subject to laws outside the UK – jurisdiction limits.
Meadow Broking have expertise in supporting surveyors that trade with or have customers in the USA, including Additional Insured cover, Waiver of Subrogation conditions and contract negotiations.
Need advice? Call 0118 315 0866 to speak to us.
Lines Open: Monday-Friday: 8am – 6.30pm
What if I need public liability and professional indemnity insurance?
If you visit members of the public or they visit you then you should consider public liability insurance. At Meadow Broking we deal with all types of commercial insurance products, including public liability insurance, so we are well-placed to get you an appropriate policy.
Let Meadow Broking find your next policy
We’re used to resolving complex cases. However difficult you think it will be to find professional indemnity insurance, talk to us first. Meadow Broking will deliver a bespoke service with excellent results for you.
