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PROFESSIONAL INDEMNITY INSURANCE
QUANTITY SURVEYORS
Examples of actual claims made and settled by Insurers.
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A client alleged negligence in the refurbishment of a large commercial property.
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£1,000,000 |
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The Insured failed to advise their client, a local authority, of the correct budget provision required for completion of a major development. The contract ran over budget.
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£600,000 |
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A client alleged negligence in the valuation of a contract and post construction control.
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£200,000 |
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It was alleged that Bills of Variation were wrongly priced.
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£100,000 |
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A tender for the construction of ground works for two factories contained serious errors in calculation.
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£50,000 |
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The Insured prepared cost forecasts, in connection with the construction of a number of restaurants, at the start of each project. It was alleged that the monthly and year end costings and forecasts were inaccurate making the contracts unviable.
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£50,000 |
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An employee made an error in copying measurements which resulted in the final calculation being inaccurate.
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£50,000 |
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A claim was brought regarding certification by the Insured and the subsequent payments to contractors.
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£40,000 |
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The Insured allegedly made an error in a contract wording which has resulted in the employer being unable to recover damages in respect of a delay in completion of the contract.
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£40,000 |
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The costs on a building project overran the initial projection by £250,000. The matter was settled out of court with only costs paid.
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£35,000 |
Ensure that these claims don't happen to you and your company, please contact us now and we will be happy to advise you on a professional indemnity policy that is tailored specifically for your needs. |
| We can be contacted by telephone on 01420 594242, or by filling in our On-line Form. |
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Headley
Insurance Services Limited is authorised and regulated by
the Financial Services Authority in respect of general insurance
business.
| Headley Insurance Services Ltd, William Curtis House, Lenten
Street, Alton, Hants GU34 1HH |
| Offices also at: 1551 Wimborne Road, Kinson, Bournemouth
BH10 7AZ | |
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