PI Insurance

Reasons for Seeking PI Insurance for Architects and Engineers


PI insurance has given a way to professionals to practice freely and lessen down the fear of their third party liability in this cur-throat competitive world. Especially for Architects and Engineers, professional indemnity insurance has a specific role to play in protecting their rights and enabling them to perform better every time.

There are several reasons which may force professional architects and engineers to spend adequately on taking enough indemnity insurance. Here are some reasons, described in brief:

Practicing Beyond Scope of License
This is a common issue that architects and engineers usually face. Sometimes, it is found that an engineer draws an architectural design which is not included in his license. So, he needs another license. Thus, to protect such allegations, architects and engineers need professional indemnity.

Negligent Conduct of Site Surveys
Negligent conduct of site survey is another major issue while practicing as architects and engineers. Careless survey of buildings or site may further damage the planning and future course of action. So, to prevent such errors, insurance can be taken.

Errors and Omissions in the Preparation of Plans and Designs
Preparing plans and designs is an important thing. It needs proper attention and clear understanding to give you the bets service. So, professional indemnity insurance is required here.

Negligent Selection of Materials and Equipment
Selection of materials like cement, bricks and other important things essential for making a planning in real is a difficult task. Moreover, with proper selection of materials, appropriate equipments need to be selected too. Sometimes, there are chances that the proportion may not be effective enough and insurance needs to be taken to protect the rights.

Increased Construction Costs
Construction costs are generally fixed but some times the extent limit increases which may irritate or distaste the clients. So, insurance is required.


Negligent Supervision of Construction
Supervision of construction should be done with alertness, clear vision and good planning. But, sometimes any negligence may result into major problems. So, indemnity insurance can prevent any unforeseen circumstances.

Breach of Contract
Many a times, cases of breach of contracts are found, which may result into unpleasant services for customers. Thus, insurance can be taken to minimize the risk involved.