Professional Negligence in Construction
Page 139
CHAPTER 7
Insurance
Insurance
- Introduction 139
- Section A: summary 139
- Section B: the contract of insurance 141
- Section C: key aspects 144
- The proposal 144
- Notification 146
- Claims and aggregation 148
- Admissions 149
- Disputes 149
- Section D: third-party rights 150
Introduction
7.1 Arguably the most important contract which any construction professional will enter into is its (annual) agreement for professional indemnity insurance. This form of insurance protects the construction professional against the consequences of claims against it for negligent breaches of duty.