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Allianz Insurance plc Professional Indemnity Select Architects Proposal Form Architects Professional Indemnity Select Contents Architects Professional Indemnity Insurance 1 General Information 2 Staff.

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How to fill out the Allianz Architects Pi Proposal Form online

Completing the Allianz Architects Pi Proposal Form online is a straightforward process that requires careful attention to each section of the document. This guide provides clear instructions to help you navigate through the form efficiently and accurately.

Follow the steps to fill out the proposal form with ease.

  1. Click ‘Get Form’ button to obtain the form and open it in your preferred editor.
  2. Begin with the general information section. Here, provide the name of the insured, the address of the principal office, postal address, date of establishment, and website address. Ensure all information is accurate and complete.
  3. In the staff and partners section, list the details of all principals, partners, or directors. Include their names, dates of birth, years of becoming partners or directors, and relevant qualifications. Indicate if cover is required for any professional activities prior to joining the business.
  4. For the activities section, report your total gross income for the last five years, broken down by region (UK, USA/Canada, elsewhere). Include the percentage split of total gross fees received across different architectural services.
  5. In the claims information section, disclose any loss through fraud or dishonesty, and provide details about any past or present allegations against any member of the firm. Include information about previous claims or circumstances that may lead to a claim.
  6. Complete the previous insurance section by indicating whether the firm has had Professional Indemnity insurance previously. If yes, provide renewal dates, limits of liability, and any claims history.
  7. Specify the limit of liability and retention (excess) required in the appropriate section. Choose the appropriate levels based on your firm's needs.
  8. Finally, complete the declaration section. Ensure you sign and date it, clarify your authority to sign (e.g., Principal, Director, Partner), and review all statements for accuracy before submission.
  9. After filling out all sections, you may save changes, download, print, or share the completed form as necessary.

Complete the Allianz Architects Pi Proposal Form online today to ensure your professional indemnity coverage.

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Professional liability insurance is a must for most architects. It pays for legal fees, court costs and settlements stemming from accusations of mistakes, missed deadlines and cost overruns, among other things.

Amount of Insurance Cover The minimum amount of professional indemnity insurance cover required is $1,000,000 (see Regulation 17 of the Architects Regulations 2005 (Regulations)).

Professional indemnity insurance for architects. Professional indemnity insurance defends you against claims of negligence, breach of confidentiality, dishonesty, libel and slander.

Professional indemnity insurance protects you against claims for loss or damage made by clients or third parties as a result of the impact of negligent services you provided or negligent advice you offered. Compensation claims can be brought against you even if you provided a service or offered advice for free.

In normal market conditions, rates for architects' professional indemnity insurance typically range between . 5% and 3% of fee income, depending on the usual risk factors and market competition. Rates can also be higher or lower than this depending on the work undertaken, the claims history etc.

All architects in business or practice are expected to hold adequate insurance; this is usually in the form of professional indemnity insurance and is expected under Standard 8 of the Architects Code of Conduct.

What is professional indemnity (PI) insurance? Professional indemnity (PI) insurance protects a company against legal costs and damages arising from an alleged or actual act, omission or breach of professional duty towards third parties.

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