Professional Indemnity Insurance

Obtaining appropriate Professional Indemnity cover

Selecting an adequate level of coverage is not as straightforward as balancing exposure versus cost. The RIBA Insurance Agency (RIBAIA) offers risk management advice via our website. One particular suggestion that we recommend is to review contracts carefully, to seek advice and to always look into incorporating a liability cap. Although you should remember that limiting your liability under contract would only apply to claims made by the party you are in contract with and not third parties.

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What you need to know about Professional Indemnity insurance:

  • ARB Requirement

    Professional Indemnity (PI) insurance is a recommended requirement of the Architects Registration Board (ARB).

  • Claims Cover

    PI Insurance is essentially designed to cover both claims against you and defence costs for mistakes you make whilst undertaking professional services.

  • ARB Guidelines

    The ARB guideline is that architects have at least an indemnity limit of £250,000.

  • Legal Costs

    Whilst an architect can easily arrange cover for office contents, motor insurance or similar cover, a claim against you for negligence can result in a huge settlement and could incur substantial legal costs which far exceed the fees you earn.

  • Public Liability

    Public Liability insurance offers protection for you in the event that a member of the public is injured or killed, or their property is damaged, on property you own. This protects you in turn from compensation claims and costly litigation.

    Contact us on 0800 062 2042.

  • Cyber Liability

    Creating a cyber-resilient organisation is one of the significant challenges faced by the majority of businesses around the globe but with appropriate solutions your business can manage and negate the risks they present.

    Contact us on 0800 062 2042.

  • Employers' Liability

    Employers' liability insurance protects businesses against the cost of compensation arising from claims made by employees or contractors as a result of illness or injury at work.

    Contact us on 0800 062 2042.

These are brief product descriptions only. Please refer to the policy documentation paying particular attention to the terms and conditions, exclusions, warranties, subjectivities, excesses and any endorsements.