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Professional Indemnity Insurance Relief for Wet Building Liability


There have been many recent litigation cases using a shotgun approach to issues with wet buildings and weathertightness.

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The LPMS Claims Committee has recently experienced a disturbing incidence of déjà vu. It appears that some members consider that small jobs do not require any formal Conditions of Engagement.

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The New World Order of Cyber Threats


The WanaCry and Adylkuzz incidents highlight what is becoming almost an everyday occurrence. Cyber risk mitigation strategies utilising tailored insurance policies are now a must for prudent organisations.

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No doubt you were all holding your breath when you went to work on Monday morning, hoping that the computer system that you left on Friday was still working as...

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International Valuation Standards (IVS) 2017


Members would be aware of the new IVS standards which are to become effective as of 1 July 2017.

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40th Anniversary for LPMS


Consulting Surveyors New Zealand was constituted as a division within NZIS on 10 December 1973. This resulted from a series of meetings of interested parties over the proceeding couple of...

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Statutory Liability - Part of your Business Insurance


On 4 April 2016 the Health and Safety at Work Act came into force. There has been much discussion regarding the potential implications for Consultants working in the Land Development...

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Continuity of Indemnity in Professional Indemnity Insurance and Companion Liability Insurance Policies


Professionals in NZ purchase Professional Indemnity and other Companion Liability Insurance Policies to minimise the financial impact of claims that may be made against them and their businesses.

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What To Do in the Event of a Professional Indemnity Insurance Claim


No matter how well you run your business, there is a good chance that at some stage one or more of your clients will claim you have made an error...

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What is Liability Insurance?


Investopedia defines Liability Insurance as “any type of insurance policy that protects an individual or business from the risk that they may be sued and held legally liable for something...

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