Aircon PII Insurance

Why do Air Conditioning Engineers Need Professional Indemnity Insurance?

Otherwise known by the acronym PII, professional indemnity insurance is important for a number of businesses and organisations. One such instance can be seen in the realm of air conditioning engineers. While this plan will offer a substantial amount of protection, it is important to realise how PII can specifically benefit this unique and demanding trade. Let us take a closer look.

Design-Related Concerns

Air conditioning engineers provide a bespoke service which requires a high amount of expertise. An example of this can be designing a large system within a commercial property. In the event that the design fails to meet the requirements or causes damage to the premises, a claim may arise. Professional indemnity insurance will financially protect the business in question during such an event.

Third-Party Injuries

Let us imagine that during an installation, an individual on the premises becomes injured due a mistake made by the engineering firm. This will naturally result in some sort of legal action being taken. Once again, professional liability insurance will help to cover the policyholder. As the end result can be substantial (and even crippling) legal fees, it is obviously beneficial to have a plan in place which will help to minimise any financial expenses that will arise.

Damage to a Property

A third situation which illustrates the usefulness of professional indemnity insurance will relate to any damages that may be caused to a property. These could occur either as a direct result from on-site negligence or through defective manufacturing (or installation). Examples of this can be a burst pipe caused by an improper fitting being used. Once again, the physical damages can be quite substantial. Not only will the air conditioning engineer be responsible for the initial financial remuneration, but the firm will also be obliged to pay court costs and any attached legal fees. Interestingly enough, these can often exceed the amount set forth in the initial claim. Possessing professional indemnity insurance will counteract these costs by providing coverage well into the millions of pounds in most cases

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So, we can see that the primary concerns attached to professional indemnity insurance revolve around the amount of money that can be saved under such policies (as well as the legal protection offered). These are some of the main reasons why it is always prudent for an air conditioning firm to procure such a policy.

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