Question 1

What if I already have insurance?

Accepted Answer

You may choose to: Wait until your current policy expires, Transition mid-term (subject to your current insurer’s terms), or Explore additional or top-up coverage.

Question 2

What happens if I need to make a claim?

Accepted Answer

Claims are handled directly between you and the insurer (via Gallagher). You are required to notify claims promptly in accordance with your policy terms.

Question 3

Will all members pay the same premium?

Accepted Answer

No. Premiums vary depending on your individual circumstances, including your scope of work, project size, and claims history. Each application is assessed on its own merits.

Question 4

Is cyber liability included?

Accepted Answer

Cyber liability is typically offered as a separate product. Members may choose to add this coverage depending on their needs.

Question 5

Can I cover my employees or my firm?

Accepted Answer

Yes. If you operate a practice, your policy can be structured to reflect your firm’s size, staffing, and scope of services.

Question 6

How is this different from a group policy?

Accepted Answer

This is not a single group policy. Each member enters into their own contract directly with the insurer. The BIA facilitates access but does not hold or manage the policy.

Question 7

What is the BIA Professional Indemnity Insurance Scheme?

Accepted Answer

This is a preferred-terms insurance arrangement negotiated for BIA members. Each member takes out their own individual policy, but benefits from access to competitive pricing and tailored coverage through the BIA framework.

Question 8

Do I have to be a BIA member to access this?

Accepted Answer

Yes. Access to the preferred terms is available to current BIA members. If your membership lapses, the benefits of the scheme may no longer apply.

Question 9

What is the BIA’s role in the insurance scheme?

Accepted Answer

The BIA acts as a facilitator only. It confirms member eligibility and provides access to the scheme. The BIA does not administer policies, collect premiums, or assume liability for claims.

Question 10

Can I cancel my policy early?

Accepted Answer

Yes, but refunds depend on your insurer’s terms. Some fees may not be refundable, and no refund may apply if there is an active claim.

Question 11

How long does the application process take?

Accepted Answer

Once all required information is submitted, the process can take a few days, depending on how quickly compliance and documentation requirements are completed.

Question 12

What level of coverage can I choose?

Accepted Answer

Members can select different levels of coverage depending on their needs. Typical options include USD $250,000, $500,000, and higher limits for larger or more complex practices.

Question 13

What information will I need to provide?

Accepted Answer

Typically, you will need to submit: A completed proposal form, Financial information, Details of your work and projects, and Claims history (if any).

Question 14

Does the policy cover digital work (CAD/BIM files)?

Accepted Answer

Standard Professional Indemnity policies may not fully cover digital data risks. Additional coverage or policy adjustments may be required to address risks such as data loss or corruption.

Professional Indemnity (PI) Insurance

Key Points

Application Requirements

Contact Gallagher to Apply

Frequently asked questions