Design and Construct Professional Indemnity Insurance Lancashire is a specific type of insurance aimed at the construction industry. It is designed to protect professional services such as architectural firms, electricians and so much more.
Do You Need Design and Construct Professional Indemnity Insurance?
If your business incorporates an element of design or specification then yes. Whether or not your company or a third-party carries out the design work, it is important that you still have the insurance in place as you may face liability claims against you in the future. To eliminate your risk of exposure to claims it is best taking a “better safe than sorry” approach.
Does Public Liability Insurance Cover Design and Construct?
Public Liability Insurance doesn’t cover all the risks associated with Design and Construct businesses. Design and Construct Professional Indemnity Insurance will cover specialist roles that are associated to your business in particular.
Standard Public Liability Insurance will cover only injuries to third parties or damage to property of third parties. However, Design and Construct Professional Indemnity Insurance will also cover claims regarding advice, design or specification as well as legal liability arising from injury and damage.
So What Does Design and Construct Professional Indemnity Insurance Cover?
Unlike some Professional Indemnity Insurances, Design and Construct Insurance will cover claims regarding negligence and professional activities such as:
Design and/or specification
Technical information including calculations
Supervision of construction
Feasibility study including work relation to application for planning consent
Coordination services or planning supervisory
To stress the professional nature of cover, professional services will contain a clarification that general supervision isn’t covered. For professional activities to be covered it is required that these are undertaken by or supervised by a suitably qualified or experienced person.