It’s the APIV Professional Standards Limitation of Liability Scheme’s Birthday today!
All New Professional Standards Scheme
We are celebrating the rebirth of our brand new Professional Standards Scheme!
The Scheme has undergone a radical transformation to allow us to protect even more members across additional valuation and property advisory products and services. It has offered Members and consumers peace of mind, security and protection since its inception in 2010.
Driven by powerful survey data and member feedback our new Scheme now protects all members carrying an RPV, CPV or CPV (P&M) certification. It has additional low-risk categories, allows each output to be assessed individually and includes significantly reduced caps for liability across the whole spectrum of low to high assessed values.
For over a decade, we have strived to ensure we extend protection to more members, more services and also reduce the maximum cap for liability for members of that Scheme. The API continues to look across its membership to assess whether it can expand the protection of the Scheme to other API Member certifications.
To find out more about the Scheme and also our new APIV PSC consultancy services, read the full article!
We will continue to look across the API membership to assess what other categories of API member certification we can look to include into the Scheme. We welcome your feedback and insights to further improvements.
Please check out our updated APIV webpage, which includes easy to access information, an online maximum cap calculator, and a plethora of FAQs to answer all your questions!
If you have any questions, please contact [email protected].
Posted on September 1, 2021