Professional Indemnity Insurance for Surveyors
Surveyors — building, quantity, valuation and party wall — provide professional advice that directly influences property transactions, construction costs and dispute outcomes. RICS requires all regulated firms to hold Professional Indemnity Insurance appropriate to their practice. Specialist cover is essential.
Risk Exposure
Why Surveyors Need Professional Indemnity Insurance
Surveyors provide professional advice across a wide range of disciplines — building surveys, quantity surveying, valuation, party wall matters, dilapidations and boundary disputes. Each carries a distinct professional liability exposure.
A negligent valuation can lead to substantial lender losses. A building survey that misses significant defects can result in claims far exceeding the survey fee. Quantity surveying errors in measurement or cost advice can cause major cost overruns. Party wall errors can lead to property damage claims and statutory liabilities.
RICS requires all regulated firms to hold Professional Indemnity Insurance that is adequate and appropriate for their practice. The specific level depends on the disciplines practised, transaction values, and contractual requirements. PLB arranges specialist cover for surveying firms of all sizes.
Scope of Cover
Typical Activities Covered
Illustrative Claims Scenarios
Typical Claims Scenarios
The following scenarios are illustrative examples only and are intended to demonstrate the types of claims Professional Indemnity Insurance is designed to respond to.
Valuation Overstatement
A surveyor's commercial valuation overstates the market value of a property. The lender suffers a loss on repossession and pursues a Professional Indemnity claim for the difference in value, plus interest and costs.
Building Survey Failure to Identify Defects
A residential building survey fails to identify significant structural movement requiring underpinning. The purchaser pursues a Professional Indemnity claim for remediation costs and diminution in value.
Quantity Surveying Measurement Error
A QS's measurement error leads to significant under-pricing of a major contract element. Professional Indemnity claims arise from both the contractor and the employer for the losses flowing from the error.
Proposal Information
What Underwriters Usually Ask
When we approach the market on your behalf, underwriters will typically require the following information. We guide you through this process.
Why Choose PLB
Specialist Surveyors PI Brokers
Sector Expertise
We understand the specific professional risks facing surveyors and arrange cover that responds to your actual exposures.
Market Access
Access to specialist Professional Indemnity underwriters and markets with experience in this sector.
Personal Service
Deal directly with experienced PI specialists who know your sector — not a call centre or an algorithm.
Frequently Asked Questions
Surveyors — Common Questions
Get Started
Request a Quotation
Complete our specialist proposal form and a Professional Indemnity broker will review the information provided and contact you within one working day.