PI Insurance For Architects
& Designers
- Comprehensive industry specific policy wording
- Multiple levels of cover to select from
- Instant paperwork online
Insurance for Architects & Designers
... to require professional indemnity insurance to cover themselves in person for errors and negligence. Insurance for Architects and Designers Professional Indemnity Professional Indemnity (PI) insurance provides essential ...
read moreWhat does Professional Indemnity Insurance Cover?
GET QUOTES & BUY What Does Professional Indemnity Cover? What does Professional Indemnity Insurance cover? What does Professional Indemnity Insurance cover? Professional Indemnity (PI) insurance is an important form of ...
read moreWhat does Professional Indemnity Insurance cover?
... Professional Indemnity insurance and these include: Registered Migration Agents Architects ... work contracts specify that you must hold a certain level of PI insurance? What is the value of the jobs that you perform? What ...
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... so it's important you know the difference. Professional Indemnity Insurance is applicable to many professions, such as chiropractors, consultants, engineers, architects, real estate agents, and accountants, just to name ...
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... covers are also required with your policy. Some professions requiring Professional Indemnity insurance include accountants, architects and consultants. For many of these professions, the governing body establishes ...
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... professional advice directly to your clients for a fee, as engineers and architects typically do. As such, you may not feel that Professional Indemnity insurance can play a role in reducing your risk. However, you may be ...
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... insurance offer includes Professional Indemnity insurance, Public Liability Insurance, Statutory Liability Insurance, Cyber Liability Insurance and Employers Liability Insurance ... Health Professionals Architects & Designers ...
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read moreProfessional Indemnity
... or injury that is not covered by the Accident Compensation Commission (ACC). Professional Indemnity Professional Indemnity (PI) insurance is an important form of protection for businesses that provide specialist services ...
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read moreHow much does Professional Indemnity Insurance cost?
... qualified for the job they are performing Previous claims history Traditionally, Professional Indemnity , also known as PI insurance, was generally only required for occupations such as doctors, lawyers and accountants ...
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... in minutes Opportunity to compare and buy PI policies from NZ leading insurers Insurance for Bookkeepers Professional Indemnity insurance compliant with professional association requirements Opportunity to compare ...
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... , or cause illness or injury that is not covered by the Accident Compensation Commission (ACC). Professional Indemnity (PI) insurance is an important form of protection for businesses that provide specialist services or ...
read morePublic Liability Insurance
... or injury that is not covered by the Accident Compensation Commission (ACC). Professional Indemnity Professional Indemnity (PI) insurance is an important form of protection for businesses that provide specialist services ...
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... & Public Liability cover with our exclusive member rates. Insurance for Allied Health Professionals Professional Indemnity Professional Indemnity (PI) insurance provides essential financial protection for Allied Health ...
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... service or advice. PI Insurance will also assist with the legal costs associated with responding to or managing claims which are covered by the policy. What is covered? A Professional Indemnity policy covers a wide ...
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... cover any legal defence costs you incur as a result of defending yourself. Why do I need Public Liability Insurance ? While you may take all the care in the world to create a safe environment, the reality is accidents ...
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... after being hacked or from the theft or loss of client information. Why do I need to consider Cyber Liability insurance ? A common misconception is that hackers only go after the big fish but when it comes to attacks ...
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... : For some engineering professional industry memberships, it may be a requirement to have Professional Indemnity insurance* in place If you are working out on site, it may be a requirement that you have your own Public ...
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... and/or tender processes. Even the best of us can have a bad day with the books. That's why Professional Indemnity insurance is designed to protect you and your business from any losses which may arise from any errors and ...
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... Association of Registered Beauty Professionals, it is compulsory to hold Professional Indemnity insurance. Insurance for Beauty Salons Professional Indemnity The joys of being a beauty professional are having your ...
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... challenges and to be in business for the long run. Things like Public Liability, Professional Indemnity and other Business Insurance options*, help protect different areas of your business. There isn't a one size ...
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... costs that you may incur while defending yourself. Professional Indemnity insurance * No matter how much care you may ... s work for a claim to occur. Professional Indemnity i nsurance (PI) is designed to protect you and your ...
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... tailor a policy to suit your needs and include other essential covers such as Public Liability and Professional Indemnity insurance to ensure you are not left financially responsible for the costs of a legal claim should ...
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... negotiated with our insurers to combine Professional Indemnity and Public Liability cover which offer much more competitive premiums. It is also important to note that each insurance company assesses risk in different ...
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read moreReviews related to PI Insurance For Architects
-
Good service - a little pushy with the reminders
Michael Alan Baylis
Architecture & Surveying -
Very easy process, prompt and competitive quote, would recommend to associates
Wayne Smith
Architecture & Surveying -
Fast and reliable! Good customer service!
Joem Baldesco
Architecture & Surveying -
It was so easy and great time saver, prompt delivery to obtain the Public Liability and Professional Indemnity I require as an Occupational Health and Safety Consultant and Practitioner. Other quotes took well over a week to come back to me.
Definitely r
Patricia Copp
Consultancy Occupations
How much does architect’s insurance cost?
No two buildings are alike, and no two architects are alike either. Insurers use a range of different factors to determine how much you will pay for your insurance policies as an architect, meaning pricing varies based on the specific blueprint of your small business.
Some of the factors used to calculate premiums for Professional Indemnity and other forms of insurance for architects that you may consider include (but are not limited to):
- The size of contracts your business takes on
- Your risk management procedures
- Your history of previous insurance claims
- The amount of cover you want or need
Comparing quotes from multiple insurers can help you understand the Architect Insurance policies available to you and how much you can expect to pay for cover.
Did you Know?
That registered architects need to comply with strict criteria covering areas like insurance, health and safety and quality management systems.
Architects and Designers are also the first professions in New Zealand to require professional indemnity insurance to cover themselves in person for errors and negligence.
Insurance for Architects and Designers
Professional Indemnity
Professional Indemnity (PI) insurance provides essential financial protection for Architects and Designers to safeguard their businesses for claims made against them in carrying out their professional services or advice. It provides cover for damages and claimant costs awarded against you, costs incurred such as legal and defence costs, claims investigation costs, inquiry attendance costs as well as public relations costs.
Professional Indemnity insurance may not be mandatory for Architects and Designers. However it may be a requirement to meet the conditions of many clients as well as tender processes.
BizCover’s professional indemnity insurance offer covers occupations such as:
- Architect
- Interior designer
What is typically covered?
A small mistake in an architect’s work can have huge and expensive consequences. Professional Indemnity insurance helps shield architects and designers against a wide range of potential risks that could cripple your small business. These include:
- Errors, mistakes and omissions in your work or professional advice
- Missed deadlines and undelivered services
- Professional negligence
- Breaches of contract
What is not covered?
While Professional Indemnity insurance can help shield you against many claims resulting from your work, it does not provide protection for:
- Intentional damage
- Any circumstances or claims that are known before your insurance period begins
- Acts of dishonesty and fraud
- Accidental injury and property damage
Public Liability
Do you need it? If you have regular contact with clients, contractors and the general public, then the short answer is yes. Public Liability insurance is an important form of cover to protect you from financial losses arising from a claim of 3rd party property damage or accidental injury (not covered by the ACC) as a result of you going about your business, even if you rent your premise.
What is typically covered?
Architects and designers may face many Public Liability claims in their day-to-day work. Public Liability insurance commonly covers:
- Damage to a third-party’s property
- Financial loss resulting from damage to a third-party’s property
- Injury, illness or death (that is not covered by the ACC) that is caused by your negligence
What is not covered?
While Public Liability insurance can protect you against many common claims, it does not provide cover for:
- Employee injuries
- Damage to your own property
- Compensation when a personal injury is covered by the ACC
Protect your business today.
Business Insurance
Your clients are your bricks and mortar, but where would your business be without the assets needed to help make their plans a reality? Not having the right cover in place could cost your company more than a pretty penny, creating a whole host of unwanted challenges.
Having some form of cover in place to protect your contents (including IT equipment), and premises from the risk of damage caused by fire, storms, theft, vandalism or even earthquakes, gives you peace of mind so you can sleep at night.
You can even add Business Interruption insurance which is designed to help your business get back into the game by covering the increased costs of running your business and lost revenue whilst it is out of action due to an insurable event.
Cyber Liability
As an architect or designer, your plans, designs are prized intellectual property it is what makes you stand out from the crowd. Unpleasant as it may be, but what would you do if a competitor found a way to steal your original designs?
Storing personal information and client information online means you are instantly at risk of potential cyber attacks and data breaches.
Reinforce your cybersphere with Cyber Liability insurance., providing protection covering extortion costs, fines and penalties, investigation and data recovery costs, business interruption costs and PR/crisis management costs.
What is typically covered?
Cyber Liability can help your small business bounce back after a cyberattack, hack, or data breach. Policies typically cover:
- Costs associated with investigating an attack and data recovery
- Business interruptions costs
- Fines and penalties
- Extortion costs
- Costs associated with PR and crisis management
Could this happen to your business?
An architect designed a house for an elderly couple and miscalculated the size of a cavity for a hidden sliding door. The builder of the house raised the issue early on but to no avail. The architect initially blamed it on poor print quality of the site plans and told the builder to carry on.
Near completion, it was clear that the particular doorway in the house that required access by a mobility scooter was not wide enough whilst the sliding door was “hidden”. The owners asked the architect to pay for all remedial costs that included moving walls and re-modelling an adjacent room. Fortunately, the cost of the professional error was paid for by insurers without having to appoint a legal defence counsel.
FAQ
Why do architects and designers need insurance?
Insurance can help shield architects and designers against a variety of risks, from claims of negligence or damaging a client’s property to equipment breakdowns and cyber-attacks.
Architects and designers face many unique risks that insurance can help protect them against. They regularly give clients advice based on their expert knowledge and training, and often visit clients in their business premises or homes. They may also have their own offices to consider, including any equipment, tools, and client information that may be stored there. There are different insurances to protect against each of these risks. It may be wise as an Architect to explore insurances such as Professional Indemnity, Public Liability and Cyber Liability insurance.
In the event of a claim, without insurance, you could be left holding the bill for costly claims or lawsuits. The out-of-pocket expenses associated with legal action could be financially devastating for small business owners. Insurance could help architects and designers stay in business even if the unexpected comes their way.
How do I buy Insurance for my Architectural business?
Architects and designers are busy people with a lot on their schedule each day. That’s why BizCover has made it quick and simple for them to find, compare, and buy insurance to protect their small businesses.
In just minutes, you can compare multiple quotes from selected leading NZ insurers. There is no complex paperwork to fill in, and you can buy a policy whenever it fits your schedule, day or night. You’ll even receive your policy documents instantly, so you can get right back to work!
* * As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this web page is general only and should not be relied upon as advice.
Need Help?
Visit our Contact Us page, where you can find out how to get in touch with one of our business insurance professionals.
You can also access quick links to our self-service portal, where you can download your Certificate of Currency, update your payment details, amend your cover and download your policy documents.