CAAV

Key insurance terms explained

CAAV Members’ PII Facility (Update) This facility has once again been the subject of a ‘refresh’ with additional Insurers now on board aspart of a panel arrangement. We have touched upon the ‘hard’ insurance market in previous bulletins but with a very differentmessage for CAAV members. Those insured on the members’ facility through this period […]

We are increasingly aware that some Practices have found themselves required to seek FinancialConduct Authority (FCA) Authorisation, usually at the behest of certain lenders unwilling it seemsto rely on RICS Regulation as a Designated Professional Body (DPB). This does mean that the practice is subject to the Financial Ombudsman Service (FOS), the FCA’sfinancial services dispute […]

Initial review of the RICS Consultation paper into the Professional Indemnity for Surveyors

Initial review of the RICS Consultation paper into the Professional Indemnity for Surveyors

Three areas to consider with rising inflation and how it can impact your insurance cover.