Master Builders NSW April-May 2018

Page 26

Insurance

Professional Indemnity insurance revisited

W

ith many residential builders now involved in sourcing designs, and design & construct contracts becoming increasingly common in the commercial sector, it’s important to understand how this can expose your business to potential losses should you not have the right insurance cover. Historically Professional Indemnity (PI) insurance was only considered by engineers, architects,

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26

MBA NSW | Issue Two | April/May 2018


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