At MUM, we include everything from estate and letting agency through to land management and residential or commercial valuing as falling within this category. Members of the Royal Institution of Chartered Surveyors (RICS), the National Association of Estate Agents (NAEA) and the Association of Residential Letting Agents (ARLA) have mandatory rules regarding Professional Indemnity Insurance and there is an Approved Insurer list in the case of RICS.
We also write surveyors who undertake residential survey and valuation work. We focus on good quality risks and do not restrict ourselves just to firms with small amounts of valuation work. We are not interested in inner city commercial valuers, or firms where they have valued properties in excess of £2.5M value, but focus on well-run firms that value properties that are under £1M in value.
MUM underwrites on behalf of Great Lakes Insurance SE, Zurich Insurance PLC and, for valuers, International General Insurance Company (UK) Limited (rated A- by A M Best), both of which are on the RICS Approved Insurer list, and we offer cover that complies with their rules, as well as those of the NAEA and ARLA. MUM also offers cover to property consultancies whose principals are not members of these bodies.