Engineers will often make fundamental decisions on projects and can therefore become the main target for any litigation. Professional indemnity insurance can offer protection if any issues arise from the engineering works you have undertaken.
Ensure your engineering firm is protected if problems arise from the works you have undertaken. Engineers professional indemnity insurance starts from £395 per year or £32.91 per month. Below we provide some background about the different engineers insurance covers available and explain what you should take into consideration.
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 insurance 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.
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. Talk to one of our specialist insurance brokers about your insurance needs.
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.
Aviation, Bridges, Harbours, Jetties, Leisure Centres, Medical Centres, Mining, Nuclear, Oil & Gas, Railways, Roads, Schools, Sewage Systems, Sports Stadiums, Tunnels, Water Systems.
Chemical Engineering, Facade Engineering, Soil Engineering, Marine Engineering, Nuclear Energy, Oil and Gas, Piling and Foundations.
Civil Engineering, Environmental Engineering, Metallurgy, Process Engineering, Structural Engineering, Testing Laboratories
Aborted Work, Acoustical Engineering, Communication Engineering, Construction, Electrical Engineering, Forensic Engineering, Heating and Ventilation, Hydrological Engineering, Mechanical Engineering
Public liability insurance will provide a legal defence and cover the cost of damages arising from injury or property damage, of third persons. Engineering firms should consider public liability if you have clients or members of the public visit your premises, or if you visit clients at their premises.
Employers liability insurance will provide a legal defence and cover the cost of damages against claims arising from injury or illness of your employees. Engineering firms will typically employ staff, therefore under UK law will be required to purchase employers liability.
Claims brought under negligence occur when a service provider doesn’t perform their responsibilities to the level required of a reasonably competent person within their profession.
If employees aren’t achieving their individual goals or become disruptive, it becomes increasingly difficult for management to achieve their strategic objectives.