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The Wire is ITIC’s e-newsletter which is sent to insured members of ITIC and their brokers several times a year. Each issue is specifically targeted to a sector of the membership,…

A naval architect entered into an agreement in 2007 to design a jetboat. The company that built the boat did not have any insurance, although the naval architect was not aware of this…

An architect was contracted to design the hull and rigging for a new yacht. Another naval architecture firm was contracted to design the interior. The yacht was completed and delivered…

Welcome to the twelfth edition of The Wire. The Wire is published and sent to insured members of ITIC and insurance brokers several times a year. This edition focuses on issues…

ITIC insures over 70 P&I club correspondents globally. We are aware that at least one International Group club is considering that all their correspondents obtain professional indemnity…

A P&I club correspondent was requested to survey a cargo of 2,000 metric tonnes of bulk fertilizer, which had been contaminated by residues from a previous cargo. The correspondent, having…

A recent case in the Australian Federal Court (Marine & Civil Construction Company Pty Ltd v SGS Australia Pty Ltd) serves as a reminder of the importance in ensuring that surveyors and…

Sometimes ITIC’s surveying members will be asked by a ship owner, with whom they have no contract, to sign an indemnity, disclaimer, waiver or release before they are granted access to the…

Whenever you are appointed by a client, you must ensure that your terms and conditions are incorporated in your contract, if it is possible to do so. ITIC’s recommended Standard…

ITIC has been providing Professional Indemnity insurance to the Australian market for over 20 years, with ITIC policies now being fronted via our sister company the TT Club who are an A-rated…