Residential engineering can involve lower individual project values than major commercial or infrastructure work, but it can still create significant Professional Indemnity exposure.
Insurers may consider:
- the volume of residential projects
- structural or foundation work
- renovations and extensions
- inspections and certification
- remedial advice
- work for homeowners, builders or developers
- project values
- previous residential claims
Residential work can generate disputes involving cracking, movement, defects, water ingress, construction issues or allegations that advice was incorrect.
For this reason, insurers may look at both the size of individual projects and the number of projects undertaken.
Clear scopes, documented assumptions and good record keeping are important risk controls.
