The role of professional indemnity insurance in the management of project risks
MacGregor, E.
The role of professional indemnity insurance in the management of project risks - 2004 - Civil Engineering Surveyor April 2004, 30-32(2) .
Summarises the reasons for taking out professional indemnity insurance as a way for professional practitioners to protect themselves. Highlights that some policies limit the insurer's exposure to claims made solely on the basis of the consultant's negligence. Recommends some alternative methods for insuring project risk, such as transferring risk to members of the construction team by way of contract terms. Such risks are then usually insured by way of professional liability insurance. Warns that mismanagement of financial risk of construction has materially increased the costs of those risks in the past.
The role of professional indemnity insurance in the management of project risks - 2004 - Civil Engineering Surveyor April 2004, 30-32(2) .
Summarises the reasons for taking out professional indemnity insurance as a way for professional practitioners to protect themselves. Highlights that some policies limit the insurer's exposure to claims made solely on the basis of the consultant's negligence. Recommends some alternative methods for insuring project risk, such as transferring risk to members of the construction team by way of contract terms. Such risks are then usually insured by way of professional liability insurance. Warns that mismanagement of financial risk of construction has materially increased the costs of those risks in the past.