Wednesday, October 10, 2007

Professional Indemnity

Professional Indemnity for Architects and Engineers

Professional indemnity has changed the face of service industry. Now, professionals have gained greater confidence to practice their skills and specialized knowledge for people. However, indemnity insurance is really important for every practicing professional but architects and engineers have a special meaning of professional indemnity insurance. The nature of the work for architects and engineers is really crucial. In many cases they might have to face third party liability for breach of the contract, practicing beyond the licenses, errors and omissions while chalking out plans and designs, negligence in site survey, selection about the materials, increment of license construction costs, and negligence of supervision of site.

To deal out these situations, architects and engineers need professional indemnity insurance to back their difficult situations. Any practicing architect and engineer can apply for indemnity insurance cover to get a tension free life.