Study On Professional Indemnity Insurance For Engineering Profession

As an important insurance product of Professional Indemnity Insurance (PII), PIIfor Engineering Profession offers a vital way to shift professional liability risks for theprofessional service organizations, such as engineering investigation, designing,supervising and consulting enterprises, and their employees. PII for EngineeringProfession dispels their worries and enables them offer more extensive services forcustoms. Meanwhile, PII for Engineering Profession ensures the interests of ownerand the third party indirectly by bearing the economic compensation responsibilitiesof above-mentioned professional service organizations and their employees. So, PIIfor Engineering Profession plays a significant role in ensuring and pushing thedevelopment of building market and even the whole social economy.On the basis of study on system of PII for Engineering Profession aboard andcurrent situation of that in china, with the reference of foreign experiences and lessons,considering our national conditions, the thesis has made qualitative and quantitativeanalyses on following four questions: liability regulation system of our buildingmarket, professional liability cognizance of relevant parties in building market,development of insurance agency and insurance premium rate.The thesis predicted the demand of PII for Engineering Profession market inchina with E-views, proposed "fault inference principle" as the responsibilityconfirmation principle of engineering profession, summed up the preconditions thatengineers bear safe responsibility, put forward the concrete methods of absorbingprofessional insurance intermediary to enter the new developing market, andestablished new insurance pricing model. Finally, the guideline and concrete measuresfor the establishment and perfection of the PII system for Engineering Profession inchina were put forward.