Headley Insurance Services Ltd
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PROFESSIONAL INDEMNITY INSURANCE 

QUANTITY SURVEYORS

Examples of actual claims made and settled by Insurers.

 

 

 

A client alleged negligence in the refurbishment of a large commercial property.

 

£1,000,000

 

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.

 

£600,000

 

A client alleged negligence in the valuation of a contract and post construction control.

 

£200,000

 

It was alleged that Bills of Variation were wrongly priced.

 

£100,000

 

A tender for the construction of ground works for two factories contained serious errors in calculation.

 

£50,000

 

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.

 

£50,000

 

An employee made an error in copying measurements which resulted in the final calculation being inaccurate.

 

£50,000

 

A claim was brought regarding certification by the Insured and the subsequent payments to contractors.

 

£40,000

 

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.

 

£40,000

 

The costs on a building project overran the initial projection by £250,000.  The matter was settled out of court with only costs paid.

 

£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.

 

 
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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