Choosing the Right PI Insurance: What Architects Need to Know in Today's Market

Professional Indemnity (PI) insurance is more than just a regulatory requirement for architects—it's a critical safeguard for your business, reputation, and financial stability. As the market continues to evolve, architects are facing new opportunities as well as fresh challenges when it comes to choosing the right policy.

Here's what's shaping the current PI insurance landscape and what architects should keep in mind when reviewing their cover.

A More Competitive Market — But Proceed with Caution

The PI insurance market has softened in recent months, with more insurers returning to the space and increased competition driving premiums down. This is welcome news for architectural firms that have faced steep premiums in recent years, particularly post-Grenfell.

However, not all low-cost policies offer good value. Some new market entrants may offer unsustainable pricing or restrictive coverage that fails to protect against the real-world risks architects face.

Tip: Be wary of policies that look too good to be true—always review the fine print.

Beyond Price: Understanding What You're Actually Covered For

Savvy architects are no longer choosing PI insurance based on price alone. The scope of coverage, including exclusions, conditions, and policy limits, is now taking centre stage in decision-making.

With increasing complexity in project risk—especially in high-rise design, cladding, and fire safety—it's essential to ensure your policy truly covers your firm's activities.

Ask yourself:

  • Does the policy include or exclude cladding/fire-related claims?
  • Are contractual liabilities covered?
  • What are the limits around retrospective cover or run-off insurance?

Emerging Risks: Technology and Innovation

With the growing use of AI and digital tools in design and project management, architects are exposed to new types of liability. For example:

  • Errors in AI-generated designs
  • Data breaches involving client project files
  • Misuse of automation tools in compliance-related tasks

These risks may not be covered under standard PI policies. As innovation accelerates, it's vital to choose an insurer that understands and adapts to modern architectural practices.

The Power of a Strong Renewal Submission

Many firms underestimate the importance of a well-prepared renewal submission. Insurers value:

  • Organised, complete documentation
  • A clear record of past claims and how they were resolved
  • Evidence of proactive risk management
  • A thorough submission can mean better pricing, broader cover, and more favourable terms.

Why Work with a Specialist PI Broker?

Navigating PI insurance is complex—and the stakes are high. Specialist brokers, like our team at LBH Insurance, understand the unique risks faced by architectural firms and how to secure the most suitable policy for your needs.

  • We go beyond just finding a good price—we:
  • Help you understand policy wording and exclusions
  • Ensure you're covered for your specific project types
  • Provide independent advice tailored to your business structure and risk profile
  • Get Tailored Advice from PI Specialists

At LBH Insurance, we pride ourselves on offering independent, expert advice built around your business—not a one-size-fits-all product. With our in-depth knowledge of the architectural sector, we can help you secure the right level of protection in today's evolving market.

Call us on 01702 347889 for a no-obligation, competitive quote—and peace of mind that your cover reflects both your risk and your reputation or email enquiries@lbhinsurance.co.uk.