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Professional Indemnity - Consultant

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martincymru
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Professional Indemnity - Consultant

Postby martincymru » Tue, 30 Jul 2013 9:57 am

Been offered a Consultant position, 4 months in an Asian country (not Singapore). Contractor is large UK company specialising in Technical Consultancy for Aid funded projects. Their client is Aus Aid.

I believe low risk "Procurement Specialist - Building Works".

They insist I have PI cover. Can I refuse? The cost? Is it reasonable to demand?

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Strong Eagle
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Postby Strong Eagle » Tue, 30 Jul 2013 10:49 am

Good luck in finding this kind of coverage. Insurance companies will be glad to cover you for blowing up a client's PBX or burning down the building but they have no understanding at all about professional liability.

It's not about the cost... it's that you cannot find the coverage. Go back to the company and tell them you will be happy to comply, IF,

a) They can point you to a company willing to do such insurance (I never found one)

b) They pick up the premium tab.

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BillyB
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Postby BillyB » Tue, 30 Jul 2013 12:51 pm

Aussie-based firms seem to be hot on PI cover, and it's often used as noise in a negotiation.

I'd agree with SE - ask them to cover the premium and outline in detail why it's needed.


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