Insurance
Property Risk Survey Fee
Paying an independent surveyor to inspect and assess a high-value property risk.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Underwriting Expense — Survey Fees | Expense (+) | 800.00 | - |
| Cash / Accounts Payable (Surveyor) | Asset/Liability (-) | - | 800.00 |
💡 Accountant's Note
Risk surveys are essential for large commercial properties. The cost is an underwriting expense. Some insurers charge the survey fee to the insured as a condition of cover.
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