Professional negligence and PI insurance [electronic resource]
Language: English Series: RICS Feature ; 30 October 2009Publication details: 2009Subject(s): Online resources: Summary: Professional negligence cases against RICS members are rising. Most are brought by lenders trying to stem losses as the recession precipitates a wave of defaults and refinancing. The increase in claims is impacting on surveyors' ability to purchase professional indemnity (PI) insurance. This article examines the effects of this situation, and recommends action that can be taken to help protect businesses.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 148792-2001 |
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Professional negligence cases against RICS members are rising. Most are brought by lenders trying to stem losses as the recession precipitates a wave of defaults and refinancing. The increase in claims is impacting on surveyors' ability to purchase professional indemnity (PI) insurance. This article examines the effects of this situation, and recommends action that can be taken to help protect businesses.