The challenges around professional indemnity insurance (PII)
This webinar will address some of the challenges associated with professional indemnity insurance (PII) and improve the understanding of how PII policies are developed to help mitigate risk in the construction sector.
Online registration for this webinar is now closed. If you would like to book a place, please email [email protected]
Notice for new bookings from EU/EEA customers only.
CIRIA is currently unable to directly process your transaction if you are purchasing from the EU/EEA region. If you wish to book onto this event please email your request to [email protected] and we will respond in the first instance.
Background
CIRIA launched a new Community of Practice (CoP) to bring together practitioners from the construction and insurance sectors with the objective of improving the management of risk and financial performance.
The CoP will help deliver more focused collaboration and enhance knowledge transfer in risk management through a series of network events and integrated resources within one point of reference. Some of the challenges examined within the CoP include professional indemnity insurance (PII), design, contract works and project insurance.
Professional Indemnity Insurance
The challenges facing the industry when seeking to take out adequate PII have been well documented, particularly in light of the Grenfell tragedy with the main issues being centred on the cover available for fire safety liabilities.
There is plenty of advice available in terms of processes to improve understanding and manage risk in relation to PII, but little to no visibility of practical guidance on how risks around historical liabilities (over the last 12 years) and the extent of new design and build (including materials) on major projects could be mitigated.
Equally there is scope for debate about how to define and assess the competence of professionals required.
This webinar will focus on how clients have managed and demonstrated company-wide real risk exposure in partnership with insurers. Case study examples will highlight the client and insurer perspectives, focusing on the challenges of PII as well as other challenges within the built environment.
Why attend
• Improve understanding of how PII policies are being developed
• Enhance knowledge and understanding of how the construction sector operates
to control risk
• Engage in discussions with industry experts on opportunities to solve the challenges
around PII
• Learn how this new community of practice delivers benefits to its members and
supports practitioners with their CPD programmes
Who should attend
• Insurance sector practitioners: risk engineers, underwriters and brokers
• Construction sector practitioners: insurance buyers, quality assurance managers,
project managers, financial and legal experts, asset owners and
operators, T1/T2 contractors, designers and suppliers
• Procurement specialists
• Regulators
• Research community
• Trade associations
When
Tuesday 23 March 2021
10:30 - 12:30
Programme
10:30 Welcome and introduction
Dirk Vennix, Chief Executive, CIRIA
10:35 CIRIA’s new Community of Practice: Managing Construction Risk
Dirk Vennix, Chief Executive, CIRIA
10:40 Construction Leadership Council update on PII
Samantha Peat, Chair, PII Group, Construction Leadership Council
and Chief Executive, The Wren Insurance Association
10:50 Introduction to PII
Neil Timberlake, Group Insurance Director, Landsec
11:00 Case study: Practical solutions to PII challenges
Underwriter perspective: Michael Attwell, Chairperson, Construction Working
Group within the Professional Indemnity Forum, International Underwriting
Association of London
Client perspective: Neil Timberlake, Group Insurance Director, Landsec
11:15 Case study Q&A
11:20 Case study: Practical solutions to PII challenges
Broker perspective: Andrew Bickell, Senior Vice President,
Global Professional & Financial Risks, Lockton
Stephen Davey, Partner, UK Professions, Lockton
Client perspective: Neil Timberlake, Group Insurance Director, Landsec
11:40 Case study Q&A
11:45 Interactive discussion and Q&A with the audience, speakers and panel of experts
Veronica Flint Williams, Contract and Risk Manager, Environment Agency
Keith Bishop, Group Insurance Manager, Laing O’Rourke
Neil Timberlake, Group Insurance Director, Landsec
Fraser Davidson, Executive Director Design & Build,
Buildings and Infrastructure, Europe, Jacobs
Dr David Hancock, Construction Director, Infrastructure and Projects Authority,
Cabinet Office
12:25 Closing remarks
Fees
Community of Practice: Founding members*
(Environment Agency, Jacobs, Laing O'Rourke and Landsec)
|
Free to attend
|
CIRIA members**
|
£30 + VAT
|
Non-members**
|
£35 + VAT
|
* Please contact Sarah Macpherson to register.
** Please register online.
Booking
Please sign in or create an account to register for this event.
The link to attend the webinar is strictly personal and should not be shared.
If you are experiencing issues registering for this event online please contact us on
020 7549 3300 or email [email protected].
Joining instructions will be sent 10 days before the event.
Terms and Conditions
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Further information
For further information on CIRIA membership and other services, please contact:
Email: [email protected]
Web: www.ciria.org