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Indemnity Insurance - In the Eye of a 'Credit Crunch' Storm?
In contrast to the difficulties experienced by many consultants earlier this decade, conditions in the professional indemnity market have been relatively benign over recent years. By and large, Architects have had little difficulty obtaining cover or securing higher indemnity limits and premium rates have shown signs of declining to levels last seen in the late 1990’s. All this seems like good news - certainly in terms of current overheads. At this point in the insurance cycle, the following art
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