Why do you need professional indemnity insurance?
Professionals working in the construction industry are at risk of delivering faulty design, giving poor advice, or unintentional copyright infringement. Mistakes happen, but this could result in the client suffering financial loss.
Professional indemnity insurance (PII) for those involved in construction will offer protection, should compensation be payable as a result of your design or advice. PII will also cover any legal costs incurred while defending the claim.
Having PII in place to deal with these claims is essential to protect your business and reassure your clients. It is also considered compulsory by organisations such as the National Federation of Builders (NFB) and the Chartered Association of Building Engineers (CABE).
At Marsh Commercial we can help mitigate the day to day risks builders and construction businesses face. In addition to providing protection should your business be liable for any compensation payable, our services for construction professionals also includes risk management support. Our dedicated in-house claims team will guide you through the process step by step to find the right resolution.
What can it do for you?
Working with construction professionals over 20 years, we have developed professional indemnity insurance construction solutions that meet the needs of this diverse and ever-changing industry.
Offering levels of cover to suit your business, our range of construction PII products combine competitive value with the following additional benefits:
- Automatic renewal facility (subject to criteria).
- Free tax advice helpline for you and on behalf of your clients.
- Collateral warranty review service (dependent on insurer terms and conditions).
- Interest-free instalment facility.
- Dedicated claims team.