Written by: Griffiths & Armour on: 02 Aug 2021

What’s happening in the Professional Indemnity (PI) insurance market?

What's Happening in the Professional Indemnity Insurance Market? | Griffiths & Armour

What’s happening in the Professional Indemnity (PI) insurance market?

What can we do about it?

Two simple questions that are asked frequently in the current market.

The answers are not quite as simple but over the years we have invested considerable time explaining the forces that shape the market, what drives insurers’ thinking and how clients can manage their risks and relationships to achieve better outcomes.

At Griffiths & Armour, we understand the need to support informed decision making and we are pleased to make available a short video providing guidance and practical advice for Consulting Engineers, Architects and Approved Inspectors in approaching the renewal of their PI insurance.

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  • 00:00:00 - WHAT’S HAPPENING IN THE PI INSURANCE MARKET?
  • 00:01:59 - IS CONSTRUCTION PI INSURANCE PARTICULARLY EXPOSED?
  • 00:03:08 - WHAT ABOUT THE RENEWAL OF OUR SCHEME FACILITIES?
  • 00:04:01 - HOW SHOULD FIRMS APPROACH THE RENEWAL OF THEIR PI INSURANCE?

We hope that this video provides a useful insight into the major factors impacting the current PI market conditions in construction as well as a suggested approach your firm should take.

If you have any questions about the topics covered in the video, please click below to submit your enquiry and a member of our Professional Risks team will be in touch.