Doc Summary
There is no single Professional Indemnity limit that is suitable for every Landscape Architect.
The appropriate limit should be considered against the practice’s actual exposures.
What can influence the limit? #
Factors can include:
- Contractual requirements
- Professional or registration requirements
- Project size and value
- Type of projects
- Services provided
- Potential severity of a claim
- Involvement in contract administration or construction
- Number and size of clients
- Policy structure
- Defence costs
A contract can specify a minimum limit, but that does not necessarily mean the contractual minimum is appropriate for every exposure.
Other policy features also matter #
The headline limit is only one part of the policy.
Consideration should also be given to:
- Whether defence costs erode the limit
- Reinstatements
- Aggregate limits
- Sub-limits
- Excesses
- Retroactive cover
- Run-off requirements
- Contract-specific conditions
Webber Insurance has a specialist facility available for Landscape Designers and Landscape Architects.
Webber Insurance can provide a high-level insurance review of contract requirements and can refer clients for a legal contract review, including the insurance and indemnity provisions. We do not provide legal advice.
\n\n\n\nContact our team if you would like help reviewing the Professional Indemnity limit for your practice.
