Insurance

[kurnal]

Yes Chris  but how far do we go with this? I have advised stately homes that with contents are priceless.Even the insurance companies will not put a value on it. Another project building costs £60 million and contents probably double that.

None of the parties involved would have insurance cover to a fraction of that.
And in any project is the fire consultants likely to be wholly liable for a total loss? I doubt it.

And if lives are lost or injuries caused and I am liable I cannot insure against fines in any case. Recent fines in the london case £200k. Bankruptcy and imprisonment would be the only possible outcome.

[Chris Houston]

It's a difficult question and not one that I have the answer to, although on the point of the value of the building - I can't see how they have purchased insurance for a building without telling the insurance company the insured value.

[nearlythere]

Just as a matter of interest how much would one expect to pay for Professional Liability insurance of £1m?

[kurnal]

Shop around. Hiscox currently about £750- 800