Tom Littler FRICS FISVA, member of ISVA Council, has drawn the following article to the attention of ISVA members.
The article supports earlier advice from PI insurance broker, Fraser Miller, that Form EWS1 work is best avoided as it has very significant implications for practitioners’ ongoing PII risk profile.
The RICS published further advice on this on 10 September, stressing that only those with proven competence and experience should undertake this work.
What the RICS advice does not stress are the potential implications for a practitioner’s PII risk profile which would be reflected, inevitably, in their PII policy terms, excess and premiums. In could also impact on them being offered any terms at all – and all this in a very restricted Insurance market.
The article, taken from Construction Law, can be downloaded here: Form EWS1 – a better solution needs to be found.