Professional Indemnity Insurance for Energy Raters is generally written on a claims-made basis. The timing of a claim or circumstance and its notification can therefore be important.

What does claims-made mean? #

Broadly, the policy in force when a claim is made, or a relevant circumstance is notified, is usually considered, subject to its wording and applicable law.

The original assessment may have been completed years earlier.

What is a retroactive date? #

The retroactive date identifies how far back covered professional services may have been performed. It may be a specified date, the date Professional Indemnity was first arranged or unlimited.

The applicable date should appear on the policy schedule.

Why is historical cover important? #

An alleged rating error may emerge during construction, certification, compliance review or a later project assessment.

Changing insurer with a later retroactive date can create a gap for previous work. Provide the expiring schedule and full insurance history when arranging replacement cover.

When should a circumstance be notified? #

Contact Webber Insurance promptly about alleged rating errors, client complaints, compliance disputes or demands for rectification.

Do not wait for formal proceedings. Preserve the assessment, plans, specifications, calculations, software records, certificates and correspondence.