Video Transcript

Valuers want to limit their liability as a result mainly of what’s happened in the PII, professional indemnity insurance market in the last five years. Valuers and their insurers are increasingly asking to limit their liability per valuation.

A trend we expect to continue to increase in the short to medium term.

This can either be a limit as a percentage of market value or as a specific figure. The RICS are increasingly encouraging valuers to do this. We expect this to be an increasing trend in the short to medium term.