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Running for cover

By: Language: English Series: QS Week ; (9) 22 June 2005, 10-11(2)Publication details: 2005Subject(s): Summary: Discusses the benefits of self-insurance over professional indemnity for cheaper premiums. Mentions that some QSs are now considering following certain architect firms who set up a closed assurance system after a period of high premiums 30 years ago. The RIBA Insurance Agency was set up for this purpose and now covers a third of RIBA registered practices and it is aimed at firms with an annual income under £35 000.

Discusses the benefits of self-insurance over professional indemnity for cheaper premiums. Mentions that some QSs are now considering following certain architect firms who set up a closed assurance system after a period of high premiums 30 years ago. The RIBA Insurance Agency was set up for this purpose and now covers a third of RIBA registered practices and it is aimed at firms with an annual income under £35 000.