| Category | Details |
|---|---|
| Member organisation(s): ARB Architect’s Registration Board RIBA Royal Institute of British Architects Obligation to insure? Yes Legal Obligation to insure? No | |
| Commonly used Term and Conditions: Architects Registration Act 1997 What are the requirements needed in order to obtain an Insurance? eg. Architect needs practical experience of at least 2 years. Calculation of insurance premium: Based on fee turnover, Construction costs, Claims history, Type of work undertaken | Contractual liability: Liabilities before and/or during the works: Yes In relation to his or her professional services. The end of the construction phase as a point of departure for a period of specific liabilities? No Later discovery of defects may prolong the possible claim period. Liabilities after work: Harm to the structure (to its soundness or stability): Yes Unsuitability for the function: Yes .. Hidden defects: Yes |
| Forms of Insurance contract: Subscription contract for all liabilities in a predefined period Cover for architect in a specific project Cover for the all professionals in a project | Joint and several (in solidum) liability: Yes, Derogation by contract is possible Does the insurer respond to a claims made or claims rising basis? Claims made |
| Insurances / Agents: Insurance brokers : List here Insurerers : The insurance market generally, eg. APIA, Towergate insurance, Markel direct | Duration of Liability: Professional client: Variable Consumer client: Variable Liability during and after construction: Variable – depends on date of discovery of any defect. |
| Requirements to Obtain Insurance | Authorization for the scope of services provided (registration) |
| Calculation of Insurance Premium | Depends on contract: yearly net income, deductible, period of post-coverage, geographical scope, etc. |
| Liability System / Liability Periods | Warranty (negligence/fault not required): 3 years starting from “handover” of all architectural services. Compensation for damages (negligence/fault required): 3 years from knowledge of damage and damaging party; 30 years in case of non-knowledge. |
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