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Construction Warranties and Guarantees

PROFESSIONAL INDEMNITY (PII)

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PROFESSIONAL INDEMNITY INSURANCE FOR CONSTRUCTION PROFESSIONALS

In the intricate and project-driven world of construction, your reputation for quality and reliability stands as the cornerstone of your business success. However, even the most meticulous professionals can encounter unforeseen complications, leading to claims of negligence or failure to deliver services as promised. In such instances, Professional Indemnity Insurance (PII) becomes not just beneficial but essential to protect your business, your reputation, and your financial stability.

Why Is Professional Indemnity Insurance Crucial in Construction?

The construction sector is inherently complex and risk-prone, with projects often involving multiple stakeholders and reliant on the precision of delivered services. A single error, omission, or misjudgement can lead to substantial financial loss, not just for your client but for your business as well. PII covers your business against such claims, providing you with the support needed to defend your professional integrity while covering the costs associated with rectifying mistakes.

OUR CLIENTS RATE US EXCELLENT

KEY BENEFITS OF PROFESSIONAL INDEMNITY INSURANCE:

1

Financial Protection: Safeguard against potentially crippling legal costs and damages awarded against you.

2

Reputation Management: Demonstrating that you have PII can enhance your reputation, showcasing your commitment to professional excellence and risk management.

3

Contract Requirement: Many clients, especially in the public sector or corporate environments, require PII as a prerequisite for contract engagement.

4

Peace of Mind: Focus on delivering your best work, knowing that you are protected against claims from unhappy clients.

OUR PROFESSIONAL INDEMNITY INSURANCE OFFERING:

Tailored to the Construction Sector: Our PII policies are specifically designed with the construction industry in mind, covering a range of scenarios from design flaws to project delays attributed to professional advice or service.

Comprehensive Coverage: We cover a wide array of professional indemnity risks, including but not limited to negligence, loss of data or documents, intellectual property disputes, and claims of dishonesty.

Expert Support: Our team offers unparalleled expertise in construction insurance, providing guidance throughout the policy duration and support in the event of a claim.

Flexible Limits: We offer flexible limits on coverage, allowing you to choose the level of protection that best suits your business size and project scope.

WE HAVE PARTNERED WITH AXA & RRADAR

Construction professionals face a multitude of risks. To mitigate these risks and protect your business from costly claims and investigations, we are delighted to announce our exclusive partnership with rradar, the leading provider of legal services and business risk management solutions, and AXA, the world’s leading insurer.

  • Safeguard your business

  • Protect Directors and Partners own exposures

  • Reduce your operational expenses & insurance premiums

  • Help deter claims

PROTECT YOUR CONSTRUCTION BUSINESS TODAY

In a competitive and fast-paced industry, securing Professional Indemnity Insurance is a critical step in safeguarding your future projects, reputation, and financial health. Contact us today to learn more about our tailored PII solutions for the UK construction industry and to receive a quote. Let us help you build on solid foundations with the right protection in place.

FAQs:

What exactly does Professional Indemnity Insurance cover?

PII covers claims made against your business for professional errors, omissions, or negligence that lead to a client’s financial loss.

Is Professional Indemnity Insurance mandatory for construction professionals in the UK?

While not legally mandatory, it’s often required by clients and is considered best practice to mitigate risk in the construction industry.

Can PII cover past work?

Yes, most policies can be arranged to cover past projects, ensuring protection for work completed before the policy start date.

How much does Professional Indemnity Insurance cost?

The cost varies depending on various factors such as your business size, the types of projects you undertake, and the cover level you require. Our team can provide a tailored quote that fits your specific needs.

How soon can I get coverage?

Coverage can often begin immediately once your tailored policy has been finalised and agreed upon.

Your one stop insurance backed guarantee program

Major lender approved

Our Auditing & Survey Partners are approved by major High Street lenders

A-rated insurers

Many of our products supplied are backed by ‘A’ Rated Insurers

Full market comparison

We do ALL the work for you saving valuable time and money

More than just warranties

We arrange cover for ALL construction related insurances

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