Transcription of The Engineer and Professional Indemnity …
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The Engineer and Professional Indemnity Insurance Claims - Current Trends Rochestown Park Hotel 23 October 2017. Donal Twomey, Partner What typically happens when a claim (or a circumstance likely to give rise to a claim) is made: Policyholder notifies his/her Insurer (or broker) as quickly as possible. Insurers appoint a solicitor to investigate the claim to see if it is covered by the Policyholder's Professional Indemnity insurance. Policyholder will be requested to send project file to the solicitor and/or meet with the insurers' solicitor. If cover is confirmed, the solicitor appointed by Policyholder's Insurers will come on record for the Policyholder in the defence/settlement of the Claim. Policyholder has an on-going duty to co-operate with Insurers and their solicitors in the defence of the claim. C O R K D U B L I N G A L W A Y L O N D O N W W W . R D J . I E. 2. Current Trends Presently, we are in a welcome trough in respect of the volume of new claims and notifications against construction professionals.
C O R K D U B L I N G A L W A Y L O N D O N W W W . R D J . I E Characteristics of Construction PI Claims • Typical claim against an engineer is a multi-party claim taken against the entire design team and builder.
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