Welcome to the PI Insurance Hub

The current risk environment in relation to Professional Indemnity insurance is rapidly changing with many member firms being directly affected by premium increases and limited availability.

 

What is the API doing to support Members?

In addition to our Professional Standards Scheme and our ValCover PI insurance product. We are working with a range of stakeholders including the PI Insurance underwriters, brokers, lenders, and Government to advocate on behalf of our Members to try and find new or better solutions within the valuation PII industry framework to support our Members’ PII needs.

We will continue to keep this page updated with all content relating to this issue to help Members quickly and easily access all communication, advocacy, and product updates that address or relate to this matter.

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Advocacy Activities

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Submit it through our webform below and our team will try to provide some general advice in response:

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PI Insurance FAQs

Why do I need PII when I am an APIV Scheme member?

For the APIV scheme to function in the event of a claim, all eligible APIV members must be covered by a PII policy.

Having a Professional Standards Scheme means that there is a limitation to the level of damages that can be awarded against you.

To ensure consumers will receive the appropriate compensation, it is vital that every APIV member maintains or is covered under a Professional Indemnity insurance policy that meets the minimum requirements as outlined in appendix B of the APIV Insurance standards.