(Survey & Valuation)
Service Level 2 Report
Fee Paid and Limited Liability
The price we charge for our RICS HomeBuyer Service is set by you, and in so doing you will set the limit of our Professional Liability to you. Our Professional Liability is underwritten with Professional Indemnity Insurance of £1,000,000.
Our Limit of Professional Liability to you is calculated as half the square of the Fee Paid, and may not exceed £1,000,000. So for example, a Fee Paid of £500 (inclusive of Tax if applicable) will have a Limited Professional Liability of only £125,000 (i.e. 0.5 x (£500^2) = £125,000).