Insurance for Engineers

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Professional Liability Insurance (aka E&O insurance) for Engineers

Engineers provide essential services within the building and construction industry. Structural engineers, project managers, and others within this profession rely on years of education and experience to help ensure projects are completed safely, on time, and to budget.

Also known as Errors and Omissions insurance (E&O), Professional Liability insurance is designed to protect engineers in the event of causing a professional mistake which results in causing injury to someone or damage to their property.

If you were to have a lawsuit filed against you or your business, Professional Liability insurance is there to provide financial protection even if you have done nothing wrong. Depending on your level of coverage, Engineers Professional Liability insurance can cover your legal expenses when defending your claim.

It may also pay for losses of income while you spend time on your defence and can pay settlements which may also be awarded to the claimant.

A&E insurance policy provides the following standard coverages:

  • Architects and Engineers Professional Liability
  • Architects, Engineers and Contractors Pollution Liability
  • Technology Based Services
  • Technology Products
  • Computer Network Security and Privacy Liability
  • Multimedia and Advertising

In addition to standard coverages, engineers often need the following coverage features:

  • Technology risk coverage for:
    • electronic transfer of data
    • copyright infringement
    • web-hosting functions
    • privacy liability
  • ADA/FHA/OSHA regulatory actions reimbursement extension
  • Defendants’ reimbursement extension
  • Disciplinary proceedings reimbursement extension
  • Reputation management reimbursement extension
  • Broad definition of insured – includes insured’s participation in joint ventures
  • Automatic 60-day coverage for acquired entities
  • Blanket waiver of subrogation provision for clients of the insured as required by contract
  • Punitive damages extension – where insurable by law
  • Mediation deductible credit

Did you Know?

Some of your clients may require that you and your subcontractors carry professional liability insurance.

Engineer liability insurance covers a broad range for professions

Civil Engineer inclusive of Traffic/Transportation/Hydrology

Electrical Engineering inclusive of Lighting/Illumination/ Telecom/Communications

Forensic Engineer inclusive of Expert Witness Services

Mechanical Engineering inclusive of Plumbing design

Why do engineers need it?

The profession of an engineer is held in high regard, you’re an expert when it comes to bridging the gap between technology, science and society. You create change with your designs and implementations, something which your clients entrust will you deliver without fail. But with innovative projects comes a level of risk, as new processes are tested for the first time, there is always the possibility for something to go wrong.

When mistakes happen, they can have a devastating impact on your finances and your reputation. Professional Liability insurance is there to provide protection from the risks you face as a structural engineer, project manager, mechanical engineer, or other engineering professional.

BizInsure provides a broad array of insurance needs for businesses, including from General Liability Insurance, Professional Liability Insurance, also known as Errors & Omissions insurance (E&O), Worker’s Comp Insurance, and a Business Owner’s Policy.

Insurance for Engineers FAQs

How much does engineer insurance cost?

The cost of engineer insurance can vary greatly from one engineer or engineering firm to another. Insurers use many factors to determine policy premiums, so even engineers working in the same area are likely to pay different amounts for their Professional Liability and other business insurances.

Some of the factors used to calculate engineer insurance premiums include:

  • Your business’ geographic location
  • How long you have been in business
  • The business’ revenue
  • Your claims history
  • The risk management procedures in place
  • The amount of coverage you need

 

Comparing quotes for engineer insurance can give you a better idea of what a policy that fits your business’ needs will cost.

What types of insurance do engineering firms and companies need?

Engineering firms may need different types of insurance to adequately cover the risks they face as a business. These may include:

Professional Liability – Otherwise known as E&O insurance, this protects your business against claims of negligence, misrepresentation or mistake, as well as document or paperwork errors.

Due to the nature of their work, engineers often buy Professional Liability insurance to help protect them against claims of mistake, omission, breach of contract, and other liability claims.

General Liability – This policy can protect you against any claim by an outside party regarding injury or damage to their property. In these instances, your policy will cover your legal expenses as well as your cost to replace or remedy the situation up to the limits of liability.

Engineers often seek General Liability insurance if they frequently work on-site and/or meet with clients in their offices or another third-party location.

Business Owner’s Policy (BOP) – This is a combination of policies, combining covers such as General Liability insurance and business personal property coverage, to help protect small businesses from costly interruptions to service.

Workers’ Compensation – This protects you against medical expenses and lawsuits that can arise from employee workplace injuries and illnesses. It could also pay lost wages as a result of the work injuries that an employee sustains.

Every state (except Texas) requires you to have Workers’ Compensation insurance if you have employees. Some states may require engineers working as sole proprietors to also have a policy.

BizInsure makes it easy to quote and compare multiple types of insurance from multiple insurers at the same time, so engineers can create an insurance package that fits their individual needs.

Why do engineers need a comprehensive insurance policy?

A comprehensive Professional Liability insurance policy can help protect engineers against common liability claims they may face on the job. These include claims regarding:

  • Errors and mistakes
  • Omissions in your work
  • Professional negligence
  • Undelivered services
  • Missed deadlines
  • Breaches of contract

 

Without this insurance coverage, you could be responsible for costly legal expenses that could potentially destroy your business finances (and personal savings, as well). Professional Liability insurance for engineers can cover these costs, including settlements and judgements, so that you don’t have to.

Is engineer insurance required by law?

Engineers are legally required to have certain types of insurance in some states.

Professional Liability insurance is legally required for some types of engineers in certain states. You may need to purchase a policy to become licensed. Additionally, professional associations may set minimum coverage requirements for their members.

Workers’ Compensation insurance may also be required by law for some engineers. States may require engineers working as sole proprietors to have their own policy, as well as engineering firms that employee a staff.

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23:09 15 Aug 22
For a small non-profit, the package I was given was affordable. The representative was polite, patient, understanding, and knowledgeable.
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00:41 07 Jan 22
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15:42 23 Sep 21
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19:49 09 Sep 21
Their representative clearly explained different kinds of policies to help me select the one appropriate for my needs and then helped me enroll by phone painlessly. By the end of the call, I had a policy in place.
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22:21 02 Sep 21
Eugene was Awesome!!!!
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17:19 21 Jul 21
Excellent solution for writers and authors professional liability policy as well as coverage for copyright and trademark infringement. Service was prompt and excellent.
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18:22 22 Jun 21
Done in less than an hour!
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00:30 02 Jun 21
Efficient, and great value. The agent was able to give us a quote and a new policy in a short period of time. Thank you
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20:30 24 May 21
I had a great experiencing obtaining several of my insurance needs as a landscaping company here in Northern Colorado. BizInsure's team took care of my needs and was very responsive to help with paperwork needed to secure a potential client account!
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16:34 10 May 21
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Elba P.
18:50 26 Apr 21
I need a help getting errors and omissions insurance along with general liability. Jose was very friendly informative and was very patient with me during the process. He found me some of the best rates for the coverage that I needed. Highly recommend
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19:51 20 Apr 21
I had numerous conversations with several business insurance agents over a month's time. I also had several conversations confirming the policy inclusion/exclusions and asked many questions. My BizInsure agent was professional, knowledgeable and most important—detail oriented. Even after having an initial conversation a month earlier he knew and *remembered* all my personal/professional insurance needs. When I asked for additional information on the third call he was able to provide me with details very quickly. He was also VERY patient. That is a big plus in my opinion. It illustrated a high level of respect for my needs. I also found when I called back and asked to talk with the initial agent, the person who answered the call was able to get in contact quickly and my agent responded and returned the call within 5-10 minutes. The transaction was smooth, and I think it's a good sign should I ever need to make a claim. I highly recommend BizInsure.
Poetic F.
21:00 07 Apr 21
The rep was extremely helpful actually lowered my quote and made sure I was covered to fit my needs with my growing business! 5star!!
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19:04 16 Mar 21
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23:13 09 Mar 21
Mr. Daniel Scott was very responsive to my professional needs.
Stephanie W.
17:38 18 Feb 21
Eugene deserves a raise! First time purchasing insurance and he made the process so simple for me. His patience and attention to detail left me feeling confident in my decision to choose BizInsure. Gracias Eugene!
Esined P.
23:32 17 Feb 21
The customer service provided by Jose was outstanding. He explained everything in a very clear/logical way and answered all of my questions. After providing all the information to obtain general liability insurance, Jose sent me the declaration page of the insurance for review. All of the information matched what I provided over the phone and there were no typos. The next day I called back to purchase the insurance which was easy and fast. Overall, my experience with BizInsure including the customer service by Jose exceeded my expectations.
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03:29 12 Dec 20
Hiscox/BizInsure made getting Liability Insurance very easy and reasonable.I expected it to be a long and complicated process and it was a nice surprise that they made it so uncomplicated. Thank you. Lisa
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21:51 24 Nov 20
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rhonda H.
23:26 12 Nov 20
Very quick to get in touch with you and good with follow up. Had some trouble retrieving my quote to log into my account initially but Daniel assisted me and the changes were made to get me into my account. Great value for the money.
Fran S.
16:34 20 Sep 20
Very happy to be insured with this company. Professional, Timely, very helpful. Thank you Juan, you made it so much easier for me to understand.
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19:55 15 Sep 20
This company responded when I needed them to respond while facing a deadline. They are an excellent choice for business Insurance.
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01:52 12 Sep 20
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02:41 27 Aug 20
I can't say enough good things about Daniel Santos kind and effective communication skills as an insurance agent. Daniel was so pleasant, friendly and efficient with helping me obtain insurance as a teacher. If I were to give Daniel a grade, he has earned an At . He made the process easy to understand, it was far easier than what I anticipated. Nancy S.
Nancy S.
00:47 26 Aug 20
I was in need of professional liability insurance for my sole proprietorship. A friend referred me. Everythng was quick and simple and AFFORDABLE!
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20:31 25 Aug 20
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Great service insurance prices are great for professionals looking to get insurance for businesses....
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22:34 22 Jun 20
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21:51 04 Jun 20
Bradley Hoyle from the Biz Insure team was excellent to work with. Everything was quick and smooth. Great service, much appreciated!
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02:03 04 Jun 20
Anthony Spencer was great!! Very quick response time!! He was very Professional! I would suggest him because he helped me find a affordable rate and explained all the technicalities..
Fre H.
16:38 28 May 20
I was referred to Bizinsure by a industry trade group that I am a member of. It was easy to get a quote online and then received excellent customer service from Bradley H. to complete my policy purchase over the phone. I have shared this company information now with other business owners for their policy needs.
Dawn T.
22:11 08 May 20
This company was very precise with explaining services and made sure I chose the right business insurance coverage, great customer service at purchasing.
Nekeisha B.
01:30 05 May 20
Amazing
Jasmine Q
14:31 02 Dec 19
Trish is the most patient, professional and understanding insurance agent I’ve ever worked with. Trish has taken care of all my business insurance needs for the last couple years. I am really happy that I found an insurance agent that I know will take care of me & all of my concerns. I feel like a valued customer & I appreciate the great customer service that I get every time!!THANK YOU!
Dr. Youssef C. A.
17:21 14 Nov 18
Tricia helped me get insurance for my business. The task of obtaining a quote was really starting to frustrate me until I was referred to BizInsure through a different agency. Tricia got me a quote fast, and even took a down payment over the phone and issued the proof of insurance the same day. a+ service, would do it again in a heartbeat!! Thank you!!
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18:07 22 Jun 18
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17:28 21 Jun 18
Started doing business again and needed a policy fast. Ramez was reasonable, helpful and the rates are OK. Buyer beware? Sure, for me it turned out OK this time. Worth a call.
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23:42 13 Nov 17
Great customer service. I've been very inpressed with my dedicated representative that had helped me navegate my insurence needs. Thanks so much!
Graham B.
22:12 23 Jun 17
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