Offering professional advice carries risks—your reputation depends on the quality of your last project or report. For architects, engineers, surveyors, and related professionals, having confidence in your insurance is as critical as confidence in your abilities.
At Howden, our specialized teams ensure your policy is crafted by experts who understand the complexities and risks in your field.
What does construction professional indemnity insurance cover?
Professional Indemnity (PI) insurance protects you if you are sued or investigated due to a mistake. It covers:
- Defense Costs: Ensuring you have a solid defense when allegations are unfounded.
- Damages or Settlements: Covers expenses if claims are justified, including legal fees, damages, or out-of-court settlements.
PI insurance is essential for project managers and consultants, offering:
- Worldwide Cover: Ensures defense capabilities even in foreign jurisdictions.
- Non-remunerated Work: Covers advice given on an informal, unpaid basis.
- Full Retroactive Cover: Includes past errors or omissions from the company’s inception.
Additional extensions may include coverage for unintentional intellectual property infringement, document restoration, and liability for wrongful acts by subcontractors, consultants, or agents.
Professionals who market themselves as experts risk their careers with every client interaction, making robust indemnity insurance vital to protect against potential claims.
