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Discuss Professional Indemnity Insurance for guys who mainly carry out CP12's in the Insurance for Plumbers area at UKPlumbersForums.co.uk.

  1. Mickyplumb

    Mickyplumb Guest

    Had a long conversation today with my broker.

    Obviously we all have public liability insurance for damage to property or injury to persons should we 'physically' do something wrong that directly results from us doing something wrong.
    But what about indemnity insurance should you carry out an inspection but through no fault of your own (hopefully) you miss something that is potentially dangerous and actually results in damage to property or injury to persons.
    For instance, you do a tightness test on pipe work downstream of a meter but unbeknown to you, the tenant or landlord has joined two pieces of 15 mm copper together using an end feed coupling behind a kitchen unit using wax because they had never heard of solder (just use this as a bad example).
    Two days after you carry out the CP12, tenant finds it extra cold in the kitchen and puts a fan heater on and goes down the shops.
    Subsequently, the fan heater melts the wax, gas then escapes and they happen to have an old open flue Potterton Kingfisher with a perm pilot and bang, the place goes up.
    Now as an engineer, you haven't actually CAUSED the leak so liability will not cover. BUT, you failed for what ever reason to pick up the fault. The only type of insurance that would cover that situation is an indemnity insurance, basically an 'I called it wrong' insurance.
    We spent 2 hours talking about this and it most certainly not black and white argument

    UPDATE Nov 2016: http://www.electriciansforums.co.uk/forums/insurance-for-electricians.40/

    We've teamed up with an insurance firm to get you some discounted insurance!
     
    Last edited by a moderator: Nov 15, 2016
  2. lame plumber

    lame plumber Plumber GSR

    comes as part of a package through my brokers, courtprice who specialise in construction trades, at no real cost. ALso covers poor design work etc.
     
  3. tamz

    tamz Guest

    Always a good idea to have indemnity insurance but maybe not for the reason you stated which is an unforseen circumstance beyond reasonable expectations.

    The main reason for having it is as you put at the end. I got it wrong. This mainly applies to any advice given in a professional capacity eg will these taps be fine with my higher pressure - sure - leak - your fault for bad advice.
     
  4. Mickyplumb

    Mickyplumb Guest

    Be interesting to find out how many forum users actually have indemnity insurance.
     
  5. tamz

    tamz Guest

    It comes tagged onto with my liability insurance.
     
  6. Mickyplumb

    Mickyplumb Guest

    Double check that as I use one of the UK's leading insurance companies and they say NONE have indemnity tagged onto them. It is a separate policy.
     
  7. lame plumber

    lame plumber Plumber GSR

    it is a separate part of the policy your broker puts together for you, comes as part of a load of paperwork, and being its a broker and not al eading insurance company, its been priced as a package that no leading insurance company would offer their punters :)
     
  8. Mickyplumb

    Mickyplumb Guest

    Broker, yes of course but the insurance company can't offer it.
     
  9. Nostrum

    Nostrum Plumber GSR

    Corgi insurance £50k i did always wonder how far £50k would go though in this sort of claim, no idea of legal costs so unable to decide if its enough or not..
     
  10. Mickyplumb

    Mickyplumb Guest

    The biggest aspect of indemnity insurance is that is covers legal costs for fighting your case.
     
  11. lame plumber

    lame plumber Plumber GSR

    got a lawyer son for that :)
     
    • Like Like x 1
  12. Nostrum

    Nostrum Plumber GSR

    Any indication as to how much would be a reasonable amount?

    i know electricians hold 250k policies for inspecting and testing reports which makes me question my policy.
     
  13. Mickyplumb

    Mickyplumb Guest

    Who's going to pay your lawyer ??
     
  14. Mickyplumb

    Mickyplumb Guest

    I don't know about you guys but I carry £5M public liability so you would imagine that indemnity would have to be close to that.
     
  15. lame plumber

    lame plumber Plumber GSR

    obviously your not family orientated or understand how they work!
     
  16. Nostrum

    Nostrum Plumber GSR

    Yes £5million PLI but the cost of loss of life, property and whatever is going to far exceed any claim after you made the mistake or judgement of error.

    if you kill someone, your PLI will cover it, if you fit a system that doesn't work, your indemnity will pay, so maybe the indemnity should match the value of your projects?
     
  17. Mickyplumb

    Mickyplumb Guest

    I'm little lost with that comment.

    A GSR eng has £5M indemnity insurance coverage. He misses something obvious that destroys a £4M house. It results in legal costs of £1M calling in expert witnesses etc to prove the eng hasn't been negligent.

    Who's fronting the money for all that ?
     
  18. tamz

    tamz Guest

    I think mine is for a quarter million. I'd need to check as thankfully i've never needed it.
     
  19. Mickyplumb

    Mickyplumb Guest

    PL will only cover claims resulting in works you have actually done and physically touched.

    I'm talking about situations that result from an eng being proved to have been negligent.

    A solicitor works on a conveyancing case, nice an simple. He fails to read the search properly. The person buts the house but 2 months later, the ground workers come in and start laying the new motorway that has been approved prior to the sale. This results in the value of the house dropping dramatically.

    The solicitor is sued for professional negligence and the shortfall on the property is covered by the fact that the solicitor have indemnity insurance.
     
  20. jase158

    jase158 Guest

    I think things are getting confused 1. public liability = public property or persons get hurt and your fault due to accidents, bad workmanship or not following health and safety, this is the maximum they will pay. 2. indeminity = giving bad advice this is the maximum they will pay for the cost of putting it right and the hardship caused to the customer, as soon as someone is hurt (other then employees, this is covered by public liability) 3. employee liability = covers accident to employees. 4. legal cover= cover that covers the legal fees for any case that arises if there is a dispute or disagreement about who was at fault or the amount the insurance company have agreed to pay. If you are taken to court by the police or Gas safe, I am pretty sure you pay this yourself, insurance don't cover you, they cover everyone else.
     
  21. lame plumber

    lame plumber Plumber GSR

    take a chill pill and get some humour in your life, just pay you insurance and sleep soundly is my advice
     
  22. Stu3y

    Stu3y New Member

    profesional indemnity cover comes as part of the package with trade uk public liability 5m and indemnity of 50k
     
  23. Dan

    Dan Admin

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