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Architects
Pii Brokers offer professional indemnity insurance policies that comply with the minimum requirements of the Architects Registration Board.
The policies, unless otherwise stated, are based on a civil/legal liability wording with legal expenses applying in addition to the any one claim limits of indemnity stated below.
Mimimum Limits of Indemnity required by the ARB as at 7th February 2006:-
- £250,000 where the gross fee income of the practice in the last financial year was less than £100,000
- £500,000 where the gross fee income of the practice in the last financial year was between £100,000 and £200,000
- £1,000,000 where the gross fee income of the practice in the last financial year exceeded £200,000
These are minimum limits only, and we are able to arrange higher limits of indemnity if required.
Architects are also required to arrange run-off cover when they cease to practice. This cover must be maintained for at least six years, and should be held at the highest level in the preceding three years prior to cessation of practice.
The professional indemnity market for architects is extremely competitive, however we have access to all the major insurers to the profession and you will be able to benefit from our policy of reduced commissions.
To obtain a quotation please complete and return one of the proposal forms in your preferred format, available above. Alternatively if you currently have a policy simply forward a copy of your renewal submission.
Please call us if you would like to discuss your professional indemnity insurance requirements.
Our details are available on our contact page.
We look forward to hearing from you.