Surveyors’ Insurance

Surveyors’ Insurance with Prosura

Surveying is a diverse profession, both in the specialism you choose and the nature of your day-to-day tasks.

Whether you’re a land surveyor, a quantity surveyor, or a valuer, the professional advice and service you provide plays a significant role in project decision-making. However, mistakes in this arena can be incredibly costly.

Our experienced brokers understand the unique challenges you face as a surveyor, and are skilled at creating the most appropriate insurance to protect your business from the risks you’re exposed to.

Contact our brokers today because we’d be delighted to discuss your requirements.

Do Surveyors’ need PI Insurance by law?

The short answer is no, Surveyors don’t need PI Insurance by law. However, Chartered surveyors are required by the Royal Institution of Chartered Surveyors (RICS) to cover current and previous professional work with adequate and appropriate surveyors’ professional indemnity insurance. This insurance must comply with RICS guidelines.

In fact, this type of insurance should be regarded as essential for both chartered and non-chartered surveyors, across a range of disciplines, including:

  • Quantity surveyors
  • Building surveyors
  • Land surveyors
  • Asbestos surveyors
  • Valuation surveyors

Our specialist brokers will take the time to understand your requirements to make sure your insurance cover is adequate for your needs and appropriate for the level of risk you’re exposed to. We aim to provide a friction free service, so we can leave you to get on with the day job.

What does Surveyors’ Insurance cover?

The main crux of insurance for surveyors is professional indemnity insurance. This is important for anyone who offers advice or professional services in their line of work.

Professional indemnity for surveyors is a type of insurance that will protect your business in the event you are accused of negligence, breach of duty, or an error or omission. This can cause a financial loss to your client.

For example, if there are found to be errors or inaccuracies in your mapping survey, which results in project delays, you could be liable for compensation payments to cover the financial losses incurred, and any legal defence costs.

Your surveyors’ professional indemnity insurance will cover the cost of compensation payments and legal defence costs.

So, whether you require professional indemnity insurance for quantity surveyors, building surveyor professional indemnity insurance, or land surveyor insurance our team of expert brokers can create a bespoke package with the most suitable cover for your needs.

What else do I need to consider with Surveyors’ Insurance?

Public liability insurance (PLI) will typically form part of your insurance package.

The nature of your work means you’re taking equipment out on location or working alongside a number of different people. Possibly, even coming into contact with members of the public at times.

For this reason, it’s advisable to have PLI to protect you should a third-party suffer an injury, damage, or loss due to your business activity.

For example, if you’re on site for a job and someone stumbles over your equipment causing themself an injury, they could make a claim against you. PLI will cover the cost of legal defence and any compensation payments awarded.

If you employ other people within your firm, you’ll need employers’ liability insurance which is a legal requirement that will protect you in the event of a workplace illness or injury.

Our brokers can create a policy as bespoke as you need it to be, insuring all facets of your business. Some of the additional cover we can arrange as part of your insurance include:

  • Buildings and contents cover
  • Survey equipment insurance
  • Business interruption
  • Cyber insurance
  • Legal expenses
  • Personal accident

Whether you need professional indemnity insurance for surveyors and valuers or something more specialist such as insurance for asbestos surveyors, please do get in touch to discuss your requirements.

Why contact Prosura for your Insurance needs?

Prosura prides itself on being an independent insurance broker, with access to a broad range of insurers to curate a tailored product that’ll meet your exact requirements.

Our high-quality, cost-effective insurance is built on years of experience and in-depth industry knowledge, delivered to you in a simple, jargon-free way.

We also give all our Surveyors Professional Indemnity Insurance Clients free access to PROSURA Digital Lawyer, saving them hundreds of pounds a year on Legal Fees.

Contact the team at Prosura and arrange your surveyors’ insurance today.

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