RE:PI Insurance for non-chartered engineer
I notice that this forum has been running for quite a period, starting in 2009. The main issues arisnig are how to get PII, and also how to set up a 1 man band.
I find it interesting that in other forums there are many posts regarding the poor status of the Structural Engineer, others dealing with the ethics of the Structural Engineer. I find it astonishing that no one else seems to have raised the following issues.
Some of the advice on this forum ranges from very poorly informed to encouraging contravention of the Institution's ethics.
Some are seeking PII who, in my opinion have not got the first clue as to what it is intendedd for, what it should include, what it costs and how long it is needed for. These people intend to run a business!!! My heart sinks. If they do not understand this side of the business, then I can only presume they haven't looked into other areas of running a business either. I'm not against 1 man bands, I just wish that they made an effort to educate themseilves better. As an employee of a firm it is very easy to think, 'I can do this from home and earn much more'! When difficulties set in, how many will maintain their PII for the runoff period?
It will always be possible to obtain PII from someone, however there are some that one would NEVER want to be getting their PII from. Always remember, if something looks cheaper than it should, it probably doesn't do what you want. The same rule applies to buying PII as it does to buying Structural Design Services.
To be fair, at least those posting here seem to be seeking some information, for each one posting how many are launching head in without due consideration. It is this type of behaviour that creates a bad impression.
In relation to the advice of start up your own whilst continuing to working for your employer, I find that completely unethical unless it is being done with the Employer's knowledge and agreement. I'm sure that once you have set up, and maybe have employed someone, you would not be too impressed by that employee setting up his own 1 man band and taking 50% of your clients with him.
My last comment to those contributing on this forum.... read some of the other forums!!