Quantity Surveyors can face significant professional exposures because clients, developers, builders and financiers may rely on their cost advice, valuations, reports and contract administration services.

Professional Indemnity Insurance is therefore commonly one of the most important policies for a Quantity Surveying practice.

Other insurance may also be relevant depending on the business.

Professional Indemnity Insurance #

Professional Indemnity Insurance can respond to certain claims alleging that professional advice, services, calculations, reports or other work caused financial loss.

For a Quantity Surveyor, allegations may involve matters such as:

• Cost estimates.
• Project budgets.
• Progress valuations.
• Variation assessments.
• Final accounts.
• Contract administration.
• Cost reporting.
• Feasibility advice.

Public Liability Insurance #

Public Liability Insurance can cover certain legal liabilities arising from personal injury or property damage connected with the business.

This can be relevant where Quantity Surveyors visit construction sites, client premises or other locations.

What other insurance may be relevant? #

Depending on the business, other covers can include:

• Cyber Insurance.
• Business Insurance.
• Management Liability Insurance.
• Commercial Motor Insurance.
• Corporate Travel Insurance.

The right combination depends on the services provided, contracts, turnover, staff and project exposures.

Webber Insurance can review a Quantity Surveying business and help identify the insurance most relevant to its activities.