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Why do you need Professional Indemnity:
According to the Architectural Profession Act (Act 44 of 2000), each person practicing architecture, be it as an architect, architectural technologist or draughtsperson, MUST be registered with the South African Council for the Architectural Profession.
As with every profession, registered architectural professionals adhere to the Code of Professional Conduct (Board Notice 154 of 2009) wherein it stipulates:
A registered person shall only undertake to perform architectural work where the registered person has clearly set out the terms of the appointment, which inter alia include “details of the professional indemnity insurance.”
How much to insure for:
What does PI Insurance cover you for:
What if you don’t have PI Cover:
This is not advisable! If you do not have PI Cover and insist on practicing Architecture note the following:
However there is no guarantee that you will not have claims instituted against you – you could still face claims.
Pertinent Legal Advice:
This is available free to members via the scheme managers, PSG Walth Financial Planning.
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