Built Environment
Professional Indemnity Insurance for Quantity Surveyors
Quantity surveyors face professional liability arising from cost estimation, tender documentation, valuations and contract administration. Professional Indemnity insurance responds to claims of negligent advice in these areas.
Why it matters
Why quantity surveyors need Professional Indemnity
- Cost overruns and valuation disputes are among the most common sources of professional claims in the built environment.
- Most professional appointments require quantity surveyors to hold adequate PI cover.
What does Quantity Surveyor PI cover?
- ✓Claims arising from alleged errors in cost estimation, bills of quantities or valuations.
- ✓Defence costs in responding to professional negligence claims.
Common exclusions
- –Deliberate or fraudulent acts.
- –Liability better suited to Public Liability or Fidelity cover.
Real scenarios
Common Quantity Surveyor PI claims
Cost overrun disputes
Claims linked to inaccurate cost planning or budget forecasting.
Valuation certificate disputes
Disputes over interim payment certificates or final account valuations.
How much PI cover does a quantity surveyor need?
Limits should reflect the value of projects you provide cost advice on, and any tender or appointment requirements.
What affects the premium?
- Annual fee income
- Largest project value
- Claims history
- Scope of services (cost advice, valuations, contract administration)
What information insurers require
- • Annual fees
- • Largest project value
- • Scope of services provided
- • Claims history
Retroactive cover
Retroactive date should reflect the start of your cost consulting activities.
Run-off cover
Run-off cover protects against claims notified after you stop practising for work carried out while on cover.
FAQ
Frequently asked questions
Most professional appointments and many association memberships require adequate PI cover.
Get your Quantity Surveyor PI quote
One simple online application, tailored to how quantity surveyors actually work.
Related professions
Related covers
- Public Liability →
Site visit and inspection exposure.