To obtain an insurance quote for a Quantity Surveying business, insurers need enough information to understand the professional services and project exposures involved.

What business information is normally required? #

You may need to provide:

• Business name and ABN.
• Business postcode.
• Number of directors, principals and employees.
• Years in business.
• Qualifications and experience.
• Estimated annual professional fees or turnover.
• Previous insurance details.
• Claims and circumstances history.

What information is required about the work? #

Insurers may ask for details about:

• Professional services provided.
• Percentage of work across different activities.
• Types of projects.
• Maximum project values.
• Typical project values.
• Client types.
• Work involving contract administration.
• Project management services.
• Expert witness work.
• Work undertaken overseas.
• Use of subcontractors or other consultants.

What insurance information is needed? #

You may also be asked to confirm:

• Professional Indemnity limit required.
• Public Liability limit required.
• Existing policy limits.
• Retroactive cover requirements.
• Contractual insurance requirements.

Do I need to provide a proposal form? #

This depends on the insurer and the complexity of the business.

Some straightforward risks can be quoted from an online application, while larger or more complex practices may need to provide additional information, a proposal form, contracts or supporting documents.

Providing accurate information at the start helps insurers understand the business and reduces unnecessary follow-up questions.