High-rise and large commercial projects can attract additional Professional Indemnity underwriting because of their scale, complexity and potential rectification costs.
Insurers may consider:
- building height
- total project value
- the engineer’s professional fees
- structural, façade and building services exposure
- design-and-construct involvement
- certification responsibilities
- contractual indemnities
- required PI limits and run-off periods
The engineer’s exact scope is particularly important.
A consultant responsible for a limited specialist component may present a different exposure from a firm with broad design, coordination or certification responsibilities.
Insurers may also look at the firm’s previous experience with projects of a similar size and complexity.
