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RIBA Insurance Agency

Information about professional indemnity insurance and risk management from the RIBA Insurance Agency.

The RIBA Insurance Agency has provided professional indemnity policies to the members of the RIBA since 1987.

It is a joint venture between the RIBA and Arthur J. Gallagher (UK) Limited, and the only insurance broker endorsed by the RIBA to provide professional indemnity insurance to its members.

For information about professional indemnity insurance, visit the RIBA Insurance Agency website.

COVID-19 (coronavirus) impacts on Professional Indemnity Insurance renewals

Many Professional Indemnity Insurance brokers, including the RIBA Insurance Agency (Arthur J Gallagher UK), and the insurance carriers they work with are rapidly moving to reduced and homeworking arrangements for their staff in the light of the developing COVID-19 (coronavirus) outbreak in the UK.

The RIBA has been advising members in our Practice Note that it is essential to make early contact with their insurance broker prior to renewal and to submit their renewal proposal in good time, as it has been taking on average up to three times longer to secure terms in the current insurance market.

The emerging coronavirus situation which coincides with the peak renewal period is likely to make the renewal process even slower. We therefore urge RIBA members to get in contact with their brokers immediately.

Please contact your broker at the RIBA Insurance Agency directly by email at uk-pi@ajg.com.

Please note that letters and renewal forms sent by mail will not be received while the RIBA Insurance Agency (Arthur J Gallagher UK) office is closed.

Current insurance market

Following the Grenfell Tower fire disaster, Professional Indemnity (PI) insurance premiums increased for the first time in over a decade. A number of insurance carriers and syndicates began to withdraw from the architects’ and wider construction PI insurance market. Following subsequent fires in residential buildings (and guidance to building owners issued by MHCLG), there has been a further retraction from the construction industry PI insurance market, with limitations of cover being replaced in some instances by increasingly broad exclusions in relation to cladding and fire safety claims.

The RIBA has produced a Practice Note to provide guidance to Members on action they should take to secure the best possible terms in the current market and meet their contractual obligations.

Risk management

Risk management can be the difference between business failure and success. Within corporate structures, risk management will be an embedded discipline and a requirement to protect shareholders. The Insurance Agency in conjunction with the RIBA provides two articles which form the basis for future features on Risk Management.

A proper understanding of the risks facing a business can make the difference between continuity and failure as well as impacting on the cost of its insurance programme. However, despite this, the majority of businesses have no formalised risk management and control procedures in place. In order to help members to address this situation, the RIBA in association with the RIBA Insurance Agency has produced this short guide entitled ‘Understanding Risk Management’ which has been designed to assist members in understanding and managing risk within their businesses.

Download the Guide to understand Risk Management

In order to help members address the issues associated with the review of contracts, RIBA, in association with the RIBA Insurance Agency has produced a short guide covering some of the common areas where issues can arise. The points covered apply to any contracts that are being requested whether the appointment, novation agreement, collateral warranty or other documents.

Download the Guide to reviewing Contract Documentation

Principal Designer (CDM 2015)

The RIBA Insurance Agency has confirmed that practices will need to declare to their insurers that they are offering principal designer services. PI insurance premiums are affected by claims records, experience, sectors of work, turnover and services, and all professional services carry liabilities. The risk profile for principal designer services is not significantly different to that of architects acting as lead designers or project leads, and it is not anticipated that it will have any significant effect on premiums for RIBA Insurance Agency policies.

Post Occupancy Evaluation/Building Performance Evaluation

The RIBA Insurance Agency has confirmed that architects with an RIBA Insurance Agency professional indemnity insurance policy are covered to undertake Post Occupancy Evaluation/Building Performance Evaluation services, but recommend that practices that are going to offer these services inform the RIBA Insurance Agency of their intention to do so.

Learn more about Post Occupancy Evaluation.

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