Here’s one we missed from last week, but worth noting from Birchin as the UK property market gets into a bit of a downward spiral. The risk of property buyers pulling out is likely to increase in a harder mortgage market, plus valuations may be queried by those with buyers regret. All that can add up to actions against professionals involved in the process.;
We are excited to announce that we have teamed up with Inperio (London) Limited (‘Inperio’) to launch an exclusive new Professional Indemnity Insurance Product for RICS regulated professionals. As one of the UK’s fastest growing independent professional indemnity brokers, Birchin Insurance Brokers Ltd are now uniquely placed to provide a range of insurance solutions to our RICS regulated clients.
Particularly aimed at those firms undertaking surveys & valuations for lending purposes (up to 100%) and safety critical consultancy, premiums will start at £5000 upwards. We are aware of the difficulties that some firms have had in accessing insurers with an appetite to cover these activities and this new partnership with Inperio will aim to deliver a fresh approach to underwriting these risks.
More at Birchin here.
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