Engineers Professional Indemnity Insurance
Compare your engineer's insurance to ensure you purchase the most appropriate cover
Get indemnity™ engineers insurance
Engineers Professional Indemnity (PI Insurance)
Compare financial protections available for professional firms that undertake engineering activities
At get indemnity™ engineers professional indemnity 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.
Get indemnity™ engineers insurance
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.
Example engineer's professional indemnity claims:
|
Design error |
Inadequate specification |
Bodily injury |
|
Improper advice |
Breach of confidentiality |
Property damage |
What engineering activities pose a greater exposure?
The type of activities you undertake and projects you work on will have a direct bearing on your insurance premium.
> Lower risk engineering activities
> Medium risk engineering activities
> High risk engineering activities
High risk projects include:
What are the market conditions for engineer's professional indemnity?
Medium to high hazard engineering activities may come under increasing pressure to accept premium increases, with less insurers willing to compete. Your PI insurance broker should engage with you early in the renewal process to ensure a satisfactory renewal.
What additional engineers insurance should we consider?
Engineers public liability
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.
Engineers employers liability
Engineering firms will typically employ staff, therefore under UK law will be required to purchase employers liability.
Engineers cyber crime
Some insurers have combined covers traditionally offered under crime insurance and cyber insurance under one policy.
This guide is for information purposes and based on sources which we believe are reliable, the general risk management and insurance information is not intended to be taken as advice with respect to any individual circumstance and cannot be relied upon as such.