Surveyors face £1bn claims
Surveyors face £1bn claims
- 1993
- Negotiator 81(23) 5 November 1993, 11(1) .
Insurance brokers, Professional Indemnity Services, calculate that claims against surveyors have reached £1bn. A group of underwriters will underwrite selective individual policies, which require examination of a surveying firm`s records and procedures; a move to avoid penalising `risk aware` firms with high premiums.
CLAIMS
NEGLIGENCE
OVER-VALUATION
PROFESSIONAL INDEMNITY INSURANCE
PROFESSIONAL INDEMNITY SERVICES
RICS
SURVEYORS
Valuation
Insurance brokers, Professional Indemnity Services, calculate that claims against surveyors have reached £1bn. A group of underwriters will underwrite selective individual policies, which require examination of a surveying firm`s records and procedures; a move to avoid penalising `risk aware` firms with high premiums.
CLAIMS
NEGLIGENCE
OVER-VALUATION
PROFESSIONAL INDEMNITY INSURANCE
PROFESSIONAL INDEMNITY SERVICES
RICS
SURVEYORS
Valuation