From Acoustic Engineers to Health & Safety Consultants, isure offers excellent coverage for contracting engineers, at affordable prices. As a contracting engineer, a big part of your role is providing advice and recommendations to your clients. To protect yourself against claims of negligence such as miscalculation, Professional Indemnity insurance is essential. Whatever your needs, our aim at isure is to provide you with affordable protection. isure is not suitable for your insurance requirements if you are a Civil Engineer, Civil Structural Engineer, Draughtsman, Fire Engineer or Structural Engineer, please refer to our policy terms.
Of course, there are exclusions in our policies, which are common in this industry. For example, claims relating to asbestos, toxic mold, oil and gas conditions, and pollution not caused by sudden and accidental causes, cladding/façade work are excluded. See our policy terms to determine if this cover is suitable for you.
Professional Indemnity and Public & Products Liability insurance is often required by regulatory bodies and customers as part of any contract for service(s). Evidence of holding valid Professional Indemnity & Public and Products Liability insurance will be required prior to commencing a contract for services. You are also vicariously liable for the negligence of your employees.
Making mistakes is part of life. But how would your business cope if a professional negligence claim was made against you?
Claims are expensive, professional engineers will be judged by the standards of experts.
The isure policy also includes some automatic extensions:
- Attendance at Inquiries – reimbursement of reasonable legal costs and expenses for representation at any enquiry, subject to prior consent, Sub Limit $250,000 any one year
- Loss of Documents – reasonable costs of repair, replacement and/or reconstitution of any document unintentionally destroyed, damaged beyond use, mislaid or lost, Sub Limit $500,000 any one year
- Dishonesty –dishonest or fraudulent act or omission committed by any employee, conditions apply please refer to the policy wording to review the provisos.
- Reinstatement of Limit – should the indemnity limit be entirely exhausted due to a claim, the policy is reinstated by this amount.
Please refer to the policy wording to view these extensions in full.
Case study: Engineers are professionals too
A consulting engineer was engaged to design internal roads and a hardstand area for a client to load and unload cargo onto trains. During use the underpinnings to the hardstand began to collapse and further subsidence ensued.
It was alleged the consulting engineer’s design was defective in that it failed to adequately address what types of vehicles would be using the hardstand area and how they would access the area to load and unload cargo. The materials for the structure were changed during design from concrete to compacted gravel, which saved costs – in the short term. Also the equipment actually used for loading and unloading was heavier than advised to the design engineer.
Rectification costs were quantified at $750,000 but given the allegations of contributory negligence, the claim was settled with the client for $200,000