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The Architects governing body is called the Architects Registration Board (ARB). They regulate the profession and set the minimum standards for Professional Indemnity Insurance which is a compulsory insurance for both the RIBA and the ARB.
Cavendish Munro understands the wide range of work that Architects carry out, which can vary greatly in level of risk and contract size.
The broking team at Cavendish Munro will present your risk to the most appropriate insurers for your specific practice, with a view to obtaining the most suitable cover at the best possible rate.
Collateral warranties/duty of care agreements
The good professional Indemnity Insurers will accept claims resulting from sensibly worded agreements, these are generally standard formats which will also relate to most construction-based professions, including Engineers and Surveyors. In certain cases the claimant is not actually the insured's client. This situation can sometimes occur in design and build jobs, and this has led to the inclusion of collateral warranty and duty of care agreements that sit alongside the main contract.
It is clearly of vital importance that you do not agree to contracts of an unreasonable or onerous nature that leaves your practice with little or no protection should something go wrong. Our specialists at Cavendish Munro can advise you from an insurance perspective on how best to deal with these agreements and negotiate on your behalf with insurers to obtain the best possible cover.
To proceed, you can:
Cavendish Munro is an independent company that cares about its clients. We believe in "Working for the Professions" on a long term basis.
Please do not hesitate to contact us for further information or to arrange a quotation.