Professional Indemnity insurance policies for the design and installation of fire prevention systems are often limited to the design of standard and tested details or include other restrictions. When you are procuring fire prevention systems, you will find cover is also required for the design of nonstandard firestopping details and non-tested firestopping details. However, the indemnity cover for design of the non-standard details is often unintentionally over-looked.
The result can pose serious issues to both clients and contractors alike. A completed project can be handed back with parts of the fire prevention system not indemnified in the event negligence causes system failure. The repercussions can have significant commercial impact on the balance sheets and reputations of those responsible not to mention the dangers placed upon the end user.
Placing the correct insurance arrangements into your supply chain takes careful consideration and time to make this possible. Do not be tempted to move to the next stage should you be pressured to do so – explain why insurance is important to those applying the pressure. Many people less close to the detail will see insurance as an important component without fully understanding why or the risks of not being fully covered. Think about the prospect of correcting the problems compared with the cost of implementing the correct policy. These are two very different runners, so which horse would you back?
Key tips to remember;
Always seek advice from an insurance provider or your company’s specialist when purchasing Professional Indemnity policies for the design of fire prevention systems – lives depend on it!
Procurement and tendering, contract practice, and client care.