ACI Reports have
uncovered a “black hole” in the Professional Indemnity insurance
being offered my many self-employed Assessors.
November 25th, 2011 | By Chris
have uncovered a “black hole” in the Professional Indemnity
insurance being offered my many self-employed Assessors and small
Organisations offering to undertake TM44 Air Conditioning Reports.
ACI Reports carry £5 million Professional Indemnity cover for their
surveys, including £10 million Public Liability and £10 million
Employers Liability cover. However, some Accreditation bodies are
offering small companies and self-employed Assessors what is known
as “pay per click” insurance. On the face of it this insurance is
valid, although it has a limit as low as £50,000, and has no PL and
EL sections to it, leaving the Employer at risk. What ACI Reports
have uncovered is that the insurance is “paid for” as each
Assessment is lodged with the Accreditation Body to be transferred
As Mandatory Lodgements only come into force in April 2012 many
Companies are choosing not to lodge, what this means is that the
Assessors are not paying their “pay per click” cover, the result
being that there is no Professional indemnity Insurance in place.
This puts Clients at enormous risk, and the problem does not end
there. The likelihood of a report being invalid is higher with
self-employed individuals taking direct instructions, as there is no
audit process in place; we at ACI Reports audit 100% of all reports
undertaken by our A/C Assessors, we are therefore of the belief that
using a “one man band” could leave a Client Company with a claim and
no insurance to cover the problem. Companies seeking Air
Conditioning Assessment quotations should always ask to see a copy
of the PI certificate, and refuse to accept “pay per click” cover
unless evidence of paying for the PI insurance is provided by the
Air Conditioning Reporting Company.