Risk, liability and insurance, RICS guidance note, UK [Electronic resource]
Language: English Series: RICS guidance note | RICS Practice InformationPublication details: London, Royal Institution of Chartered Surveyors, April 2021Edition: 1stISBN:- 9781783214167
| Item type | Current library | Status | |
|---|---|---|---|
| Online material | Virtual Online | Available |
Effective from 1 April 2021
This guidance note is intended to assist both members and their clients in understanding the main risks and liabilities associated with surveying. It guides members in the negotiation of equitable contracts with clients and the avoidance of major risks and pitfalls. This guidance note was amended on 30th November 2021 to include paragraph 2.4.5 covering the subject of indemnities requested by a client, which had been omitted from the original version in error. Includes guidance on liability caps, third party reliance, terms and conditions, professional indemnity insurance.
This document was originally published in April 2021 as an RICS guidance note and was reissued in October 2022 as RICS practice information. Appendix F on Construction Insurance was added in October 2023