Engineers Professional Liability Insurance Coverage
Engineer Professional Liability Insurance (also known as
Engineer Errors & Omissions Insurance, or
Engineering Firm E&O) protects engineers if a client alleges that you were professionally negligent or failed to perform professional duties, or in the case of the failure of your work to perform as promised in your contract.
The law states that engineers providing services must act in accordance with the standard of care common to their profession. If you are sued as a result of making a design or consulting mistake, you and your firm could face significant defense costs as well as damage awards. Professional Liability coverage lets you transfer this risk to the insurance company, up to the dollar limit specified by the policy you select.
Engineer E&O Insurance is available for all types of engineers, including:
- Acoustical Consultants
- Certified Planners
- Consulting Engineers
- Contractors' Design / Consult Departments
- Drafting Services
- Demolition Consultants
- Electrical Design Servies / Electicians
- Elevator & Lift Services
- Engineering Geologists
- Facilities Management
- Fencing Consultant
- Heating / Ventilation / Air Conditioning Consultant
- Lighting Designers
- Modelers / Renderers
- Motor Engineers
- Plumbing Consultant
- Project / Contract Management Consultant
- Residential Designers
- Sprinkler Designers
- Telecommunications Consultants
- Thermal / Insulation / Energy Efficiency / Green Build Consultants
- Setting-out Engineers
- Traffic Consultants
Engineer Professional Liability Insurance Protects Your Business
The high cost of a legal defense could put your engineering services firm out of business. Your company's survival and your personal financial security depend upon protecting yourself against the impact of a lawsuit.
Almost any firm or individual that improperly performs services can cause a client to suffer an economic loss - and mounting a defense is expensive. The impact of even a baseless claim can be devastating. Would your company have the resources and expertise to defend against such a claim? Worse, could you pay restitution if you're found at fault?
Request a QuoteWhy Do I Need Engineer E&O Insurance?
An Errors & Omissions Policy helps protect the valued relationships you have developed by protecting both your client and your own financial security.
Mistakes Happen. As an engineer, you know even a small mistake can have serious consequences. Even the most skilled professionals are likely to make an error at some point. From catastrophic equipment failures to human oversights that result in personal injury, many incidents can result in a lawsuit.
You Can't Be All Places At Once. As your engineering firm becomes more successful, you may not be able to personally handle every aspect of each engineering project. Errors & Omissions coverage insures not only your mistakes, but also the mistakes of the employees and independent contractors you hire. Request a Quote
Some of your clients may require that you and your subcontractors carry Errors & Omissions insurance. If your client is a prime contractor on a project and is hiring you as a subcontractor, your client wants you to be responsible for any errors. If you make a mistake and your client gets sued, your client wants to be sure you have the financial resources to compensate the company for its loss.
Often, engineers are contractually obligated to maintain errors & omissions coverage not only while actively working on a project, but for years after. Ultimately, maintaining Engineering Errors & Omissions insurance coverage is the responsible thing to do. The right kind of E&O policy can protect both the engineering firm and subcontractors from claims of a perceived error or omission, even if the problem occurs months after the initial job. Request a Quote
What Is Covered by Engineering Services Errors and Omissions Insurance?
Engineers Professional Liability Insurance includes legal defense costs - no matter how baseless the allegations. It will pay for any resulting judgments against you, including court costs, up to the coverage limits on your policy.
Doesn't My General Liability Insurance Provide the Same Protection?
Errors and Omissions insurance coverage is not provided by a
Commercial General Liability policy. Commercial General Liability does NOT provide coverage for errors, contract performance disputes or any other Professional Liability issues. Engineers who have General Liability without Professional Liability (Errors & Omissions) coverage are taking a serious risk. It's like a doctor practicing medicine without Malpractice Insurance.
Request a Quote Selecting the Right Engineering Professional Liability Policy
Engineers provide a wide range of services that vary from project to project. One project may involve particular technology risks, while another could create a pollution liability. Therefore, it is important to buy an Engineering Professional Liability Insurance policy that provides coverage for diverse risks.
Among the policy features we recommend our engineering clients consider are the following:
- Full pollution liability, covering both sudden and accidental as well as gradual pollution, which is an important concern for geologists, environmental engineers and others
- Clear, unambiguous coverage for breach of client contract, providing you with certainty that this increasingly important exposure is covered
- Full civil liability coverage - not just negligence
- Specific coverage for breach of intellectual property rights
- Standard coverage for suits brought against an engineer anywhere in the world
- Reimbursement of costs incurred to help reduce or avoid a claim
- Punitive and exemplary damages coverage
- A broad definition of business activities that includes technology services
- Virus and hacking liability coverage
Brunswick Companies' professional liability specialists have the experience to help you compare policies from different insurance carriers to select the policy that best fits your firm's exposures.
Customized Engineer Professional Liability Insurance Coverage
Your Professional Liability Insurance policy can be customized to include:
- a business owners package that includes general liability insurance and property insurance
- options including coverage of Personal Injury claims
- defense costs outside the limits of liability
- deductibles beginning at $0
Contact Brunswick Companies today to
request an engineer professional liability insurance quote.
We also offer general liability insurance and outsourced insurance risk management services.
