Page 2 of 2 FirstFirst 12
Results 13 to 23 of 23
Plumbing & Plumbers Forum - Professional Indemnity Insurance for guys who mainly carry out CP12's
Like Tree1Likes

Professional Indemnity Insurance for guys who mainly carry out CP12's

Discuss Professional Indemnity Insurance for guys who mainly carry out CP12's at UK Plumbers Forums; Originally Posted by lame plumber got a lawyer son for that Who's going to pay your lawyer ??...
  1. #13
    Member
    Join Date
    May 2012
    Posts
    301
    Thanks
    4
    Thanked 11 Times in 11 Posts

    Default Re: Professional Indemnity Insurance for guys who mainly carry out CP12's

    Quote Originally Posted by lame plumber View Post
    got a lawyer son for that
    Who's going to pay your lawyer ??

  2. #14
    Member
    Join Date
    May 2012
    Posts
    301
    Thanks
    4
    Thanked 11 Times in 11 Posts

    Default Re: Professional Indemnity Insurance for guys who mainly carry out CP12's

    Quote Originally Posted by Nostrum View Post
    Any indication as to how much would be a reasonable amount?

    i know electricians hold 250k policies for inspecting and testing reports which makes me question my policy.
    I don't know about you guys but I carry £5M public liability so you would imagine that indemnity would have to be close to that.

  3. #15
    Plumbers Arms member
    lame plumber's Avatar
    Join Date
    Nov 2012
    Location
    North Devon by the sea
    Posts
    15,664
    Thanks
    120
    Thanked 918 Times in 887 Posts

    Default Re: Professional Indemnity Insurance for guys who mainly carry out CP12's

    Quote Originally Posted by Mickyplumb View Post
    Who's going to pay your lawyer ??
    obviously your not family orientated or understand how they work!
    GSR? Want gas safety or boiler repair advice? We will check out that you're genuine via the gas safe website, so please dont be offended when we ask for your details. DIYers, odd job people and have a go heroes need not apply.

    My Landy goes anywhere, her Smart parks anywhere


    www.jcdheating.co.uk

  4. #16
    Plumbers Arms member
    Nostrum's Avatar
    Join Date
    Feb 2012
    Location
    Devon
    Posts
    3,397
    Thanks
    174
    Thanked 288 Times in 274 Posts

    Default Re: Professional Indemnity Insurance for guys who mainly carry out CP12's

    Yes £5million PLI but the cost of loss of life, property and whatever is going to far exceed any claim after you made the mistake or judgement of error.

    if you kill someone, your PLI will cover it, if you fit a system that doesn't work, your indemnity will pay, so maybe the indemnity should match the value of your projects?

  5. #17
    Member
    Join Date
    May 2012
    Posts
    301
    Thanks
    4
    Thanked 11 Times in 11 Posts

    Default Re: Professional Indemnity Insurance for guys who mainly carry out CP12's

    Quote Originally Posted by lame plumber View Post
    obviously your not family orientated or understand how they work!
    I'm little lost with that comment.

    A GSR eng has £5M indemnity insurance coverage. He misses something obvious that destroys a £4M house. It results in legal costs of £1M calling in expert witnesses etc to prove the eng hasn't been negligent.

    Who's fronting the money for all that ?

  6. #18
    UK Plumbersforums Trusted Advisor.

    tamz's Avatar
    Join Date
    Apr 2010
    Location
    Scotland
    Posts
    13,928
    Thanks
    409
    Thanked 1,715 Times in 1,524 Posts

    Default Re: Professional Indemnity Insurance for guys who mainly carry out CP12's

    I think mine is for a quarter million. I'd need to check as thankfully i've never needed it.

  7. #19
    Member
    Join Date
    May 2012
    Posts
    301
    Thanks
    4
    Thanked 11 Times in 11 Posts

    Default Re: Professional Indemnity Insurance for guys who mainly carry out CP12's

    Quote Originally Posted by Nostrum View Post
    Yes £5million PLI but the cost of loss of life, property and whatever is going to far exceed any claim after you made the mistake or judgement of error.

    if you kill someone, your PLI will cover it, if you fit a system that doesn't work, your indemnity will pay, so maybe the indemnity should match the value of your projects?
    PL will only cover claims resulting in works you have actually done and physically touched.

    I'm talking about situations that result from an eng being proved to have been negligent.

    A solicitor works on a conveyancing case, nice an simple. He fails to read the search properly. The person buts the house but 2 months later, the ground workers come in and start laying the new motorway that has been approved prior to the sale. This results in the value of the house dropping dramatically.

    The solicitor is sued for professional negligence and the shortfall on the property is covered by the fact that the solicitor have indemnity insurance.

  8. #20
    Banned
    Join Date
    Sep 2010
    Posts
    3,261
    Thanks
    72
    Thanked 151 Times in 145 Posts

    Default Re: Professional Indemnity Insurance for guys who mainly carry out CP12's

    I think things are getting confused 1. public liability = public property or persons get hurt and your fault due to accidents, bad workmanship or not following health and safety, this is the maximum they will pay. 2. indeminity = giving bad advice this is the maximum they will pay for the cost of putting it right and the hardship caused to the customer, as soon as someone is hurt (other then employees, this is covered by public liability) 3. employee liability = covers accident to employees. 4. legal cover= cover that covers the legal fees for any case that arises if there is a dispute or disagreement about who was at fault or the amount the insurance company have agreed to pay. If you are taken to court by the police or Gas safe, I am pretty sure you pay this yourself, insurance don't cover you, they cover everyone else.

  9. #21
    Plumbers Arms member
    lame plumber's Avatar
    Join Date
    Nov 2012
    Location
    North Devon by the sea
    Posts
    15,664
    Thanks
    120
    Thanked 918 Times in 887 Posts

    Default Re: Professional Indemnity Insurance for guys who mainly carry out CP12's

    Quote Originally Posted by Mickyplumb View Post
    I'm little lost with that comment.

    A GSR eng has £5M indemnity insurance coverage. He misses something obvious that destroys a £4M house. It results in legal costs of £1M calling in expert witnesses etc to prove the eng hasn't been negligent.

    Who's fronting the money for all that ?
    take a chill pill and get some humour in your life, just pay you insurance and sleep soundly is my advice
    GSR? Want gas safety or boiler repair advice? We will check out that you're genuine via the gas safe website, so please dont be offended when we ask for your details. DIYers, odd job people and have a go heroes need not apply.

    My Landy goes anywhere, her Smart parks anywhere


    www.jcdheating.co.uk

  10. #22
    Member
    Join Date
    Sep 2013
    Location
    Teesside
    Posts
    55
    Thanks
    0
    Thanked 1 Time in 1 Post

    Default Re: Professional Indemnity Insurance for guys who mainly carry out CP12's

    profesional indemnity cover comes as part of the package with trade uk public liability 5m and indemnity of 50k

  11. #23
    Dan
    Dan is offline
    Plumbers Forum Admin Dan's Avatar
    Join Date
    Jun 2007
    Location
    On the forum.
    Posts
    7,448
    Thanks
    108
    Thanked 299 Times in 160 Posts

    Default Re: Professional Indemnity Insurance for guys who mainly carry out CP12's

    UPDATE Nov 2016: Insurance for Electricians

    We've teamed up with an insurance firm to get you some discounted insurance!

Everybody loves a good deal: Deals and Discounts on Dozens of Powertools!
Everybody loves a good deal: Deals and Discounts on Dozens of Powertools!

Similar Threads

  1. Don't carry any rubbish or risk a fine!
    By emergencyman in forum General Off-Topic Chat
    Replies: 45
    Last Post: 07-11-2013, 12:46 AM
  2. Anyone carry a breathalyser?
    By Phil in forum General Off-Topic Chat
    Replies: 25
    Last Post: 15-02-2013, 06:35 PM
  3. Carry on in steel or go to copper
    By on31ll in forum Central Heating Forum
    Replies: 21
    Last Post: 31-12-2012, 08:16 AM
  4. Public Liability + Indemnity ?
    By lexicon101 in forum Insurance for Plumbers
    Replies: 7
    Last Post: 05-09-2012, 04:11 PM
  5. What to carry as Stock on my van?
    By DustyM in forum Plumbing Forum
    Replies: 22
    Last Post: 03-04-2012, 09:27 PM
  6. proffessional indemnity
    By splinterdream in forum Insurance for Plumbers
    Replies: 3
    Last Post: 31-07-2011, 12:38 AM
  7. carry on training
    By adrianfs1 in forum Plumbing Courses
    Replies: 14
    Last Post: 19-04-2010, 10:26 AM
  8. Don't carry any rubbish or risk a fine!
    By emergencyman in forum Plumbing Forum
    Replies: 27
    Last Post: 06-07-2009, 01:20 PM
  9. chose a combi
    By Just,Jim in forum Central Heating Forum
    Replies: 1
    Last Post: 26-02-2009, 10:41 PM

Visitors found this page by searching for:

Nobody landed on this page from a search engine, yet!

Tags for this Thread


Try our Talk Electrician Forum and our popular Tilers Forums for more free advice from professional tradesmen.
Tens of thousands of tradesmen and over 2 million combined posts.


Plumbers Forums is a community-driven forum shared between all members.