There's no hiding from it: professional negligence claims against the surveying profession have increased dramatically over the past year or so, particularly against those surveyors who provide valuations for lenders. This worrying trend has been exacerbated by the significant reductions in property values following the "credit crunch".

Professional Indemnity Insurers have reacted to the market conditions by increasing premium and excess levels for valuation work significantly or, in some cases, declining to offer renewal terms at all. If you are a surveying practice that undertakes valuation work, you may be in for a nasty shock at renewal.

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Fortunately, help is at hand. MFL is a specialist PII Broker with extensive experience in handling the insurance requirements of the surveying profession in tough market conditions. We have a thorough knowledge of the risk factors and mitigation techniques that help to minimise the premium you pay and ensure you enjoy the best cover available. We also have our own specialist claims handling team on tap to provide hands-on advice and assistance in your negotiations with both claimants and your insurers when you need it the most.

Visit: www.m-f-l.co.uk/surveyors

(CD/KMcA)