Professional Indemnity Insurance for Surveyors and Experts
As an appraiser and expert, you are comprehensively insured.
- Errors in the preparation of expert opinions are covered
- Protection in the event of inadequate examination of facts
- Protection against unfounded statements about certain facts
- Protection in the event of property damage, personal injury and financial loss
- Worldwide insurance cover
- Defence against unjustified claims for damages
- Personalised support from our team of experts
- Easy online purchase in just a few steps
Quick Facts about Professional Indemnity Insurance for Surveyors and Experts
The Professional Indemnity Insurance for surveyors and experts takes over the complete processing in the event of a claim – from the examination of the claims to the payment of damages. Our quick facts give you a brief insight into the services of Professional Indemnity Insurance.
Indemnity Insurance Seal for your Principals
- Individual and comprehensive insurance protection
- High coverage sums for financial losses
- No-claims evidence going back five years
The Perfect Insurance for Surveyors and Experts
As an expert or surveyor, you have a great deal of influence with your expert opinion and, with that, a great deal of responsibility; a lot depends on your judgement. That's why it's so important that you are extremely precise and conscientious when examining facts and then preparing expert reports (e.g. on accident damage, repair costs, fire and water damage) so that there is no doubt at the end. If, in the worst case, something should go wrong, you can rely on the comprehensive protection of exali's Professional Indemnity Insurance for surveyors and experts. exali offers you an insurance solution for the diverse areas of application of surveyors and experts. Here are a few examples:
- Insurance Experts
- Motor vehicle experts and loss adjusters
- Psychological expert
- IT experts
- Tree surveyors
- Publicly appointed and sworn experts
You are preparing an expert report for a company that wants to know which weak points in the IT infrastructure could become a potential risk for a cyber attack. In doing so, you have overlooked a weak point in the system that later leads to major cyber damage in the company. You are held responsible for the damage. If you had mentioned the weak point in the report, the company could have closed it.
You are preparing a tree assessment for a row of trees in a municipal park. Your results show no abnormalities. A large branch breaks off from an older tree and falls, injuring a passer-by. You are held liable for the personal injury.
You are supposed to prepare an expert opinion for a court case. Unfortunately, you do not manage to submit the expert opinion on time. You are held responsible for the costs incurred.
Why choose exali.com
- Talk to a real person - no call centre!
- We know what your daily worklife is like, meaning we know what you need
- Our insurance conditions are tailored to your business
- We handle your damages immediately
- We make sure that your insured damage event is also resolved!
- We also insure against unusual risks (e.g. contract liability, contract penalties)
What Risks are Covered by Professional Indemnity Insurance for Surveyors and Experts?
- Financial losses (e.g. errors in the expert opinion, legal violations, written warnings, poor advice, missed deadlines, etc.)
- Property damage (lost keys to rented premises, water damage in rented offices, property damage during client visits and trade fairs, as well as business trips)
- Personal injury (e.g. when in contact with customers, on business trips or at trade fairs)
- Cyber third-party liability (malware, data loss, hacker attacks, DDos attacks)
- Certain property losses (e.g. loss of documents, fraud or false transfers by your own employees)
What does Professional Indemnity Insurance Cost for Surveyors and Experts?
The minimum annual premium for Professional Indemnity Insurance for appraisers and experts starts at € 133,10 net per year for the smallest option. The premium is determined, for example, by your turnover in the previous year, the amount of the sum insured (€100,000 or €3 million), the term of the insurance (1 year or 3 years) and which additional modules you would like to add.
I have a Question about Professional Indemnity Insurance for Experts. Who can I contact?
If you have any questions regarding Professional Indemnity Insurance for experts or professional risks in the field of expert opinions, you can contact exali customer service from Mon - Fri 9:00 a.m. - 6:00 p.m. at the following number: +49 (0) 821 / 80 99 46 - 0 or by email to: info@exali.com.
Which Persons are Insured under the Professional Indemnity Insurance for Experts and Appraisers?
You and all employees of your business are covered by exali's Professional Indemnity Insurance for surveyors and experts. These are the following persons:
- Legal representatives of the policyholder,
- managing and other salaried employees of the policyholder, marginally employed persons, honorary aides, apprentices, trainees, interns and working students,
- employees of temporary employment agencies, self-employed employees (natural persons) integrated into the policyholder's company
- insofar as they act in the name and on behalf of the policyholder, shareholders, limited partners, partners, supervisory and advisory board members (natural persons)
Insurance cover is also provided for third-party liability claims against the insured parties arising from
the commissioning of external companies/subcontractors. The personal liability of external companies/subcontractors and their employees is not covered.
Insured parties are:
- the policyholder, subsidiaries, branches and offices of the policyholder in the countries of the European Economic Area (EEA),
- Subsidiaries of the policyholder outside the EEA, provided that these are explicitly named in the insurance policy.
What Activities are Covered by Professional Indemnity Insurance for Experts and Appraisers?
The Professional Indemnity Insurance for surveyors and experts from exali covers all typical activities that you carry out as a surveyor or expert and that are not explicitly excluded in the insurance conditions. Thanks to the open coverage of professional activities, you are also covered for other activities. Here are a few examples:
- Coach
- Author
- Influencer or Content Creator
- Blogger
- Lecturer
- Consultant
Do I have to take out Professional Indemnity Insurance as an Appraiser or Expert?
As a freelance surveyor or expert, you are not obliged to take out Professional Indemnity Insurance. However, it is recommended that you comprehensively cover the myriad risks of your professional activity so that you are not personally liable for professional errors in the event of a claim.
Even small mistakes, for example in an expert opinion, can quickly cause extensive damage and threaten your financial existence. With a Professional Indemnity policy from exali, you are fully covered and can pursue your business with peace of mind.