Products/schemes: MFL scheme eases PI struggle for surveryors
McParland Finn (MFL) has launched a professional indemnity (PI) insurance scheme for Central Association of Agricultural Valuers (CAAV) member practices.
MFL said it created the scheme, underwritten by RSA, in response to the problems rural surveying practices have faced obtaining appropriate PI cover.
A statement from the broker read: "The PI market for surveyors is at its most difficult since the mid 1990s. Many practices have had to endure large increases in premium and excess levels, especially those firms that have significant exposure to valuation work. Many insurers have also adopted a much tougher stance in regard to claims handling
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