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Does PI insurance provide the architectural practice and their clients with a performance guarantee?

April 26, 2017architectural clients guarantee Insurance PERFORMANCE Pi Practice

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Does PI insurance provide the architectural practice and their clients with a performance guarantee?

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The PI policy is not a performance guarantee. Indeed, the policy will normally contain an exclusion relating to express warranties and guarantees. The policy is a form of protection for the architect against their exposure to claims that they have breached their professional duty.