Mr Timothy Hetherington
RE: PI Insurance for non-chartered engineer
I confess to being surprised when I first applied for PI in 2004 and got (good) quotes, being unchartered. It did bring a wry smile to my lips I must admit. Them's the breaks. I can't sign SER Certificates, and that annoys me.
Insurance companies are commericial enterprises selling a product on an evaluated risk basis. Let them get on with it.
Personally I think insurance companies have got it about right. While highly laudable and a great achievement, passing the IStructE exam is not proof of suitability to hold PI insurance. Exams can be trained for, as this particular one is, routinely. There is no substitute for experience.
I wonder if fewer people would sit for IStructE if they new they could get PI without it?
As for setting up your own practice - be prepared for 65 hour weeks for a few years if you want to get anywhere! It's actually a lot of fun though.