RICS draft guidance note - Risk, liability and insurance, 3rd edition

The aim of this consultation is to gather feedback and views on the draft Risk, Liability and Insurance guidance note. Effective risk management, including understanding risks, managing and limiting liabilities are an integral aspect of providing professional surveying services. The aim of the revised and expanded guidance note is to address knowledge gaps, particularly within RICS regulated firms, about the risk of claims against the firm and how to manage and reduce those risks by using fair and enforceable contractual terms to cap or limit liability.

We are keen to hear feedback from RICS members, regulated firms, consumers and insurers. This will help us to develop a final document that achieves the best outcome to the identified problem.

To respond to this consultation, please see the attached consultation document and draft guidance note, which are available to download. A set of questions is provided below and comments can be made directly on the draft guidance note.

If you have any queries about the technical detail of the consultation documents or questions posed, please contact Hugh Garnett (hgarnett@rics.org). If you have any questions about how to navigate this site or about how to respond to the consultation, please contact Sarah Crouch (scrouch@rics.org).

Please read our guidance before commenting.

When responding to this consultation, please respond in English.

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In using the iConsult web-space, you agree to license RICS and its group companies to reproduce in any format and at any place worldwide, the contents of any posted material for any business purpose in perpetuity.

Commenting effectively:

When commenting on this RICS consultation draft, please make sure you:

Comment only on the individual section to which your comment refers, rather than inserting all comments into one section. As responses are collated through an automated system, this will help us to present all comments to the working group in chronological order, avoid leaving comments that do not reflect a point of view (e.g. inserting 'okay' across a number of sections); and keep comments as brief and to the point as possible.

If you require further assistance or information, please contact Sarah Crouch (scrouch@rics.org)

This consultation will close on Tuesday 2 March 2021 at 23:59

Timeline

  • Opened
    1 Feb 2021 at 09:00
  • Closed
    2 Mar 2021 at 23:59

Consultation Documents

Supporting Documents

Details