Image from Google Jackets

Keeping under cover

By: Series: Property Week ; 68(7) 21 February 2003, 34(1)Publication details: 2003Subject(s): Summary: Professional indemnity insurance premiums for chartered surveyors have increased by up to 300%. Looks at procedures which surveying firms are putting into practice to minimise risk. Huge insurance claims resulting from natural disasters and terrorism, the lack of competition between professional indemnity insurance providers following the collapse of Independent and HIH and stock market collapses are key factors which have influenced the rise in premiums.

Professional indemnity insurance premiums for chartered surveyors have increased by up to 300%. Looks at procedures which surveying firms are putting into practice to minimise risk. Huge insurance claims resulting from natural disasters and terrorism, the lack of competition between professional indemnity insurance providers following the collapse of Independent and HIH and stock market collapses are key factors which have influenced the rise in premiums.