Compare professional indemnity construction insurance

Professional Indemnity Insurance Construction

Construction professional indemnity insurance covers architects, engineers, surveyors and contractors against claims that their design, specification or professional service caused a client financial loss (business.gov.uk). It pays defence costs and compensation, up to the limit you choose.

It doesn’t cover injuries on site or damage to the works, which fall under other policies. Construction firms can request PI quotes from several providers with a single Quotezone form.

Being trusted in the field of construction work means that you may be in charge of a large building project or managing staff to complete a construction project on time. There are many aspects of the construction business and Professional Indemnity insurance is vital for your own protection. Quotezone have a vast database of UK brokers and providers who can offer their cheapest and best offline or online quotes to suit your construction business requirements. Our comparison methods are quick and simple and the one form you fill out will generate all your results. You can then compare the ones that suit your needs and choose your preferred provider.

Do all Construction workers have to have PI insurance?

The construction business has a few grey areas when it comes to who should have PI insurance. If you are not sure which category you fall into you should get some solid legal advice. Depending which area of construction you are in you may need coverage for PI in case any claims are made against you. You can fail to complete a job on time, or cause financial loss or damage to a client. All of these possible scenarios are grounds for being sued and your PI insurance will pay part or all of your legal costs, cover you for damages and help toward compensation payments. If someone is seriously injured on your construction site, that claim would normally fall under public liability or employers’ liability insurance rather than PI (HSE).

Does the FCA regulate Quotezone?

Yes. Quotezone is a trading style of Seopa Ltd, which is authorised and regulated by the Financial Conduct Authority. It must follow the FCA rules laid down for the protection of clients. Its FCA registered number is 313860 (About Quotezone).

Who needs PI cover in construction?

Anyone whose design decisions could cause a client a loss. The HSE’s CDM 2015 guidance says designers include architects, consulting engineers, quantity surveyors and interior designers (HSE).

The HSE adds that principal contractors, specialist contractors and tradespeople count as designers if they get actively involved in design work, so design and build contractors may want PI too.

Do professional bodies require PI?

Some do. The Architects Code expects every architect in business or practice to carry adequate insurance, which is normally PI (ARB).

RICS requires the firms it regulates in the UK to hold PI cover that meets its minimum terms (RICS).

How much PI cover do construction firms choose?

There is no single legal figure for most firms. Start with the highest limit a client contract, framework or professional body asks for.

Larger projects and structural design can justify a higher limit, because a design error can cost more to put right.

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For injury and damage claims on site, compare public liability. Building firms can also look at cover for builders, which can include contract works.