Are Professional Consultant Certificates still worth the risk for architects?
An architect practice recently reported an eleven-fold increase in the cost of its professional indemnity insurance as the fallout from the Grenfell Tower fire continues to shake up the market.
While most in the industry are aware of the astronomical cost increases, not everyone knows how steep the renewal increases are.
A survey ran by RIBA from June to early July 2021 indicated that the issue of PII increase is more than just an exorbitant business expense- it is a real threat to their business.
While there […]