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Professional Indemnity ...

This is potentially the best known and talked about insurance that a surveyor must arrange and is believed by many to be the most important. Your clients will rely on the advice and services you give them, or fail to give them, and will only be too quick to blame you when they suffer any form of financial loss (or perceived financial loss).

Members of the RICS will already be aware of the mandatory requirements imposed upon them in respect of this type of insurance. This should not be viewed however as just a compulsory purchase that you have to suffer. This is a vital and important business tool that you cannot afford to trade without.

It is important that you understand how professional indemnity insurance works, and what exactly it is you are getting for your money. At Anchorman we are very happy to spend time explaining what is covered and as importantly what is not.

      

Professional indemnity is written on a Claims Made basis

Retroactive Date

Run off Insurance

How much does a policy cost?

The flat-rate scheme and the small practice scheme

How do I obtain a quotation?

 
We are not attempting to answer on this website every question you may have, nor are we trying to explain every detail of what a policy provides. This is a general guide dealing with a few issues of this complex insurance. Furthermore, it must be remembered that things change and this website was drawn up in March 2004 and changes may have taken place since that date. If you are an RICS member you should keep in close contact with them in respect of changes in their mandatory requirements and their recommendations.

 
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