Engineers will often make fundamental decisions on a variety of projects and can therefore become the main target for litigation and expensive compensation claims. Professional indemnity insurance can offer protection for defence costs and damages that arise from the engineering works you have undertaken. Cover can start from £395 per year or £32.91 per month. Ensure your engineering firm is fully protected if problems arise down the track from works you've undertaken.
Engineers insurance will typically include professional indemnity, public liability, employers liability, and equipment cover. We recommend you talk with one of our brokers to discuss your individual needs.
If your engineering firm is unfortunate enough to become the target of an allegation, there can be significant financial consequences, even if the allegation has no merit because the action has to be defended.
As a Willis Towers Watson Network Broker we can offer tailored and flexible risk transfer solutions to chemical, civil, electrical, geotechnical, mechanical or structural engineering firms with a turnover less than £100 million.
Design errors, inadequate specification, breach of contract, and improper advice are the leading causes of PI insurance claims made against civil, structural and consulting engineers. Typically, professional indemnity will be required under contract by your counterparties in order to provide your services.
The design, construction, and maintenance of infrastructure. Including public works such as roads, bridges, pipelines, structural components, and railways.
Inspecting the materials and structures used in construction carries risk. Miscalculating the stability of structures can have sizeable downstream losses.
A variety of engineering specialists typically working on short term design, development and/or construction projects for a range of different clients.
Dealing with electricity and electronics can mean you are held responsible for failing to appropriately design and develop equipment and systems for power, control systems, and telecoms.
Failing to install, repair or maintain systems such as central heating, ventilation, and air conditioning can expose your firm to claims for breach of contract. Ensure your PI policy can defend your business when you need it most.
Mechanical engineers can work with powerful machinery and volatile materials, their work environment is susceptible to fires, explosions, structural failures and equipment malfunctions.
The flow, treatment, and storage of water can cause significant damage if not engineered correctly. Therefore, PI insurance is vital for any consulting engineers to protect against claims.
There are many risks with designing, implementing, controlling and optimising industrial processes and machinery in the manufacturing industry.
Chemical engineers are exposed to making mistakes when developing commercial processes to convert raw material into useful products.
Engineers can be involved in an assortment of projects with structures, machines, products, systems and processes. Therefore, engineers' insurance requirements can be diverse and identifying appropriate solutions in the transfer of risk can be challenging. If you operate as a software engineer we can also assist with your insurance needs. Talk to one of our specialist brokers about your business.
Can cover damage to contract works, plant, machinery and other engineering equipment such as boilers, computers, cranes and lifts.
Directors have a personal liability when making decisions. Ensure you protect your own personal assets from court awarded damages.