Quantity Surveyor Professional Indemnity Insurance

Essential PI cover for quantity surveyors and cost consultants. Protection for estimates, feasibility studies, and valuation services.

Cost

Consulting Cover

$10M+

Limits Available

Same Day

Quotes

Recognition

Your estimates drive major investment decisions. Professional Indemnity insurance protects your practice when those numbers are questioned.

Get a Quote Call 02 9000 1155

Numbers That Matter

Your cost estimates determine whether projects proceed. When estimates prove significantly wrong, clients who relied on your numbers may seek compensation for their losses.

Diverse Services

Modern QS practices provide cost planning, tax depreciation, insurance valuations, and more. This is different to land surveyor PI, which focuses on cadastral, boundary and setout exposures.

WHY TANK INSURANCE

Why quantity surveyors choose us

Quantity surveying work can influence budgets, contracts, progress claims, and dispute outcomes. We help structure PI cover around the full QS scope, from cost planning and tender advice to valuations and contract administration.

Full Service Coverage

Cost planning, feasibility, tax depreciation and valuations can all be covered when your policy matches the services you provide.

Estimation Risk Protection

Claims arising from cost estimation errors are covered. Core protection for QS practices.

Tax Depreciation Coverage

Schedule errors affecting client tax positions are covered professional services.

Competitive QS Rates

We work with insurers who understand quantity surveying and offer appropriate cover.

RISK ASSESSMENT

Key Professional Risks for Quantity Surveyors

These are the exposures that make proper PI coverage essential for quantity surveying practices.

Cost estimation errors affecting project feasibility

Bill of quantities mistakes causing tendering issues

Progress claim assessment errors

Variation assessment disputes

Feasibility study inaccuracies affecting investment decisions

Tax depreciation schedule errors

Insurance replacement valuation mistakes

Life cycle costing calculation errors

POLICY SCOPE

What Quantity Surveyor PI Insurance Covers

A comprehensive Professional Indemnity policy for quantity surveyors typically includes these protections.

Construction documents representing quantity surveyor professional indemnity coverage

Usually Covered

✓ Cost estimation and planning errors

✓ Legal defence costs for covered claims

✓ Bill of quantities mistakes

✓ Feasibility study inaccuracies

✓ Tax depreciation schedule errors

✓ Insurance valuation mistakes

Not Typically Covered

✕ Market price changes

✕ Scope changes by client

✕ Guaranteed cost outcomes

✕ Known errors prior to policy inception

✕ Bodily injury (Public Liability required)

✕ Contractor price variations

QUESTIONS

Frequently Asked Questions

01 Do quantity surveyors need Professional Indemnity insurance?

Yes, PI insurance is essential for quantity surveyors and cost consultants. Your estimates and valuations directly affect project feasibility and investment decisions. When estimates prove significantly wrong, clients may seek compensation for their losses.

02 What makes QS claims particularly challenging?

Construction costs are inherently uncertain, and scope changes are common. The challenge is distinguishing between legitimate estimating variations and professional negligence. Claims often involve complex analysis of what a competent QS would have estimated.

03 Does QS PI cover tax depreciation schedule work?

Yes, tax depreciation schedules are typically covered. If your schedule contains errors that affect your client's tax position, and they claim against you, your PI policy responds. This is a significant service line for many QS practices.

04 How much PI cover do quantity surveyors need?

This depends on your project values and service types. Many QS practices carry $2-5 million. Those working on major projects or providing feasibility advice for significant investments may need higher limits.

05 Does PI cover insurance valuation work?

Yes, insurance replacement valuations are covered professional services. If your valuation is inadequate and affects an insurance claim outcome, PI can respond to claims made against you.

Professional Indemnity for Quantity Surveyors

Whether you focus on cost planning, valuations, or tax depreciation, we structure PI cover that protects your practice.

Call 02 9000 1155 Request a Quote →

Top Products

Specialist Cover

Need Something Specific?

Popular Sectors

Professional Services

Can't Find Your Industry?