An engineer provides professional advice and recommendations to clients. To ensure your advice is insured correctly, a robust professional indemnity insurance policy is required to protect your business assets and revenue from financial loss.
The Engineering discipline is wide and varied, with a range of potential occupations falling under the Engineering profession banner. We provide insurance for the full breadth of these engineering disciplines and activities, some of which are listed below.
Due to our experiences, we work with underwriters who provide coverage wordings and benefits to meet your needs and that are highly competitive. We ensure the coverage provided meets the requirements for your work, and protecting you and the engineering business, whilst being cost competitive. The appetite of our insurers range across all the various Design and Engineering disciplines and includes all sized operations from sole trader consultancy firms to multi-national engineering corporations.
There can be a significant exposure for your occupation associated with claims for Bodily Injury, Property Damage and Financial Loss arising out of an error or omission in design, consulting, professional advice, project management and specifications.
As part of our offering Business Insurance Specialists provides a contract review service of your Professional Services Contract with clients. Our contract reviews are not confined to whether contractual obligations are insured and extend to provide comments from a risk management perspective.
Our contract review service provides:
We specialise in providing competitive terms to the engineering industry. With access to the full Australian market and overseas insurers we are about to access favourable terms for your business.
As Engineering is complex and complicated in its nature, insurers will typically have a questionnaire or proposal that is requiring to be completed.
To assist, Business Insurance Specialists Pty Ltd provides an on-line Engineering insurance quote form that allows us to obtain the necessary information to provide a quote. Following receipt of the information, we will provide terms or call you to discuss your answers prior to obtaining terms. We try to simplify and make understandable what can be a complex area.
Please contact us for a no-obligation quote or if you have any queries regarding insurance for your Engineering practice.