15th March 2010, 03:26 PM
Professional Indemnity Insurance is useful for any archaeological contractor working for a major company. Most engineering firms (Balfour Beatty, Laing O'Rourke, etc) will have a vendor/supplier approval system. If you want to supply a service to them in which they need to rely on your interpretation - like archaeology - you need to get approved, and Professional Indemnity is required for this. This is so that, if you give advice that they rely on which is later found to be misleading, then it means that you are insured from the financial repercussions of the mistake, to the value of your insurance. An example could be if an archaeological contractor provides poor advice to their client, and the overall project gets delayed, cancelled or the client gets prosecuted (e.g. "there aren't any Scheduled Monuments nearby, so don't worry about applying for Scheduled Monument Consent for your works")
I'm not aware of any archaeologists that have been sued for providing bad advice to their clients, but I do know that most units that get involved in major infrastructure developments will expect to have professional indemnity insurance.
I'm not aware of any archaeologists that have been sued for providing bad advice to their clients, but I do know that most units that get involved in major infrastructure developments will expect to have professional indemnity insurance.
?He who seeks vengeance must dig two graves: one for his enemy and one for himself?
Chinese Proverb
Chinese Proverb