Tailored insurance for engineering consultants
Engineering insurance policies such as professional indemnity insurance, public liability insurance are our specialty.
Trust the team with years of experience insuring all types of engineering consultants.
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Professional
tailored advice
Competitively
priced policies
Comprehensive
cover options
Professional
tailored advice
Competitively
priced policies
Comprehensive
cover options
What you need to know about
Insurance for engineering consultants can be difficult if not done correctly. Our team of expert insurance advisors have worked with many engineering professionals so we understand what risks you face. By understanding the work that you do we can provide you with tailored advice on what insurance policies you should consider.
The most common policies that are needed by engineering consultants are:
Need a Broker who can assist with insurance for Engineers? We've got you covered.
Professional Indemnity Insurance for Engineers is designed to cover you for financial loss that is caused due to errors and omissions that you are considered liable for.
Major losses that could typically occur include:
These are just some of instances that can be covered by a PI insurance for engineers policy.
Similar to most office-based occupations the public liability insurance for Engineers is usually quite a low risk and as such the premium is quite affordable.
Public Liability Insurance for Engineers should be considered so that your business is covered for personal injury and property damage that you become legally liable for.
This means that should you attend a site to complete an inspection and damage some part of the project your liability insurance will provide cover.
This also covers any customers and clients coming to your office if you have a physical location.
Some Engineering companies carry expensive equipment that is related to their profession.
Things like diagnostic equipment, surveying equipment, cameras and other specialist equipment are usually covered under a portable tools cover.
This cover allows the items to either be covered specifically or under a blanket cover for multiple items.
This means that your equipment will be covered anywhere within Australia.
Yes, we can usually place cover for most occupations depending on what your business does.
Professional Indemnity Insurance for Structural Engineers can be difficult to insure due to the nature of your business.
Insurance is all about consider the overall risk and what the chance of recovery is for the insurer should they need to pay out on a claim.
As a Structural Engineer you are typically the last link in a chain of many trade occupations where you provide the final sign off or certification.
This means that should you sign off on something that doesn’t comply with current building codes you are typically liable for the associated damages. Furthermore, as you are the last link in the chain there is likely minimal if any chance of recovery from the insurer.
We typically can provide insurance advice to all aspects of engineering. For a wider list of occupations that we can provide insurance for is:
Yes, we are a full service brokerage which means we can provide and bundle all insurances together.
Whether that be on a single policy (if possible) or have multiple policies renewing at the same time on one monthly repayment.
This is difficult to answer however, the contributing price factors with PI insurance for Engineers is:
Yes, it does.
Most Civil Engineering Insurance policies will include professional indemnity, public liability, portable equipment and a busines property cover if you have an office location.
Civil Engineering Insurance policies should have higher limits considered due to the nature and value of the contracts that are being worked on.
Some Civil Engineering Insurance policies will be difficult to place if there is any bridge, dam or tunnels included in your business activities.
There is no specific answer to this question however, most Engineers will consider holding their professional indemnity insurance for up to 5 to 7 years after they stop practicing.
This is mainly because Professional Indemnity insurance for Engineers and other occupations is written on a claims-made basis.
A claims-made basis means that the policy needs to be current when the claim is made.
As with most professional service occupations a loss could occur many years after the advice has been provided and as such, if you cancel your policy when you stop trading this confirms with the insurer that any claim that hasn’t already been notified will not be covered.
Yes, your public liability insurance covers your business in its entirety.
This means that if your business is held liable and the damages fit within the scope of your cover then if it was caused by an employee or apprentice then it would be covered.
If the damages were caused by a sub-contractor, they are not considered employees and would be treated differently in the event of an insurance claim.
Building a relation with your engineering insurance broker is extremely important.
You should be able to trust the advice being provided by your engineering insurance broker to ensure that you are covered correctly.
Losses that occur within the industry can trigger significant financial losses to your business so it’s very important to place your business with an engineering insurance broker that you trust.
Why should you use Priority Insurance Brokers to arrange your Engineering Insurance?
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