INSURANCE SPECIFICALLY FOR ENGINEERS

Please see below the policies we can provide on your behalf.

Professional Indemnity

Our Professional Indemnity insurance covers engineering professionals for claims made against them during the policy period, as a direct result of any negligent acts, errors or omissions in the professional conduct of their business.

In essence, if a fee is charged to provide a service, the client has a right to expect the person charging the fee has the skills and ability to do the work contracted and, if that person fails in their duties, the client can look for recourse.

A few examples of previous claims within the engineering sector:

  • Civil works to an embankment - Collapsed due to unstable subsurface conditions not being detected by geotechnical engineer.
  • Poor design of a heating system in a factory proved inadequate following miscalculations. Extra units where required costing a substantial amount.
  • Design of a highway and service road on a superstore project – Failure to locate earlier pilings in the area and insufficient access allowed for articulated vehicles. Claim paid for remedial costs.
  • Breaches of building regulations - Claim filed against the engineer and eight other parties on the contract. This scattergun approach used by solicitors incurred significant costs even though claim was successfully defended.
  • Engineer provided wrong specification for electricity supply to site contractors – Alterations and a temporary generator was required.
  • Refurbishment of a noise test facility – Contract terminated citing delays due to design inadequacies, requiring complete re-fabrication to comply with pressure-equipment regulations.

Legal Expenses (Fitness to Practice)

Your business faces many challenges daily and from time-to-time unforeseen problems emerge. Our Essential Business Legal policy provides professional legal and financial support. For example, you can get a legal healthcheck, keep up to date with health & safety legislation, get access to free employment documentation and other business documents, resolve problems with neighbours, suppliers, customers or between business partners. Contract & debt recovery can also be added if required.

Furthermore, an executive suite of cover protects the principal, executive officers, directors and partners of your business for:

  • An HMRC enquiry into the executive's personal tax affairs.
  • Motoring prosecution defence for personal, social, or domestic use.
  • Personal identity theft assistance and resolution service.
  • Mediation costs up to £25,000 to resolve a dispute between business partners that arises from the terms of their partnership agreement.
  • Crisis communication is available for matters occurring in an executive’s private and personal capacity that cause adverse publicity or reputational damage.

Cyber Insurance

Our cyber policy will protect your business from cyber-attack and any liabilities that arise due to a breach of privacy legislation, including but not limited to the Data Protection Act and the General Data Protection Act (GDPR). Cover is also provided for Media Liability and Payment Card Industry Fines and Penalties. You have direct access to a 24/7/365 helpline in the event of an incident.

Cover includes:

  • Re-instatement of your data.
  • Loss of your gross profit caused by the Cyber Event.
  • A specialist IT forensic company to investigate the cause and scope of the Cyber Event.

Following your loss of third-party data or a breach of any privacy legislation worldwide (a Data Liability Event):

  • Defence Costs, we will appoint a specialist law firm to defend you.
  • A specialist IT forensic company to investigate what data has been compromised.
  • Costs to notify data subjects if this is required by legislation or considered necessary to protect your reputation.
  • A Public Relations Company to protect and mitigate any damage to your reputation.

In addition, where this data relates to credit or debit card information:

  • Credit monitoring costs for affected individuals.
  • Any fines and penalties that you are required to pay by the Payment Card Industry as well as Assessment Costs that includes fraudulent transactions for which you are liable.
  • Your legal liability for the transmission of a virus to a third party, or your unknowingly taking part in a denial-of-service attack.
  • Your legal liability for accidentally infringing any copyright or trademark, or any defamation, provided always that this liability is incurred in undertaking your usual business practices.

Optional extension to coverage via the Fund Transfer Fraud and Bricking and Telephone Hacking endorsements also cover:

The reimbursement of financial loss resulting from:

  • Theft or unauthorized transfer of your funds by electronic means.
  • Phishing or social engineering resulting in transfer of your funds to an unintended party.
  • Third party funds held in your account being transferred to an unintended party.
  • Hardware replacement costs because of a Cyber Event which renders a
    • computer device non-functional, providing they do not exceed the costs to restore functionality for such devices.
  • A loss arising from a claim made by a Telcom Provider which arises from any unauthorised access to your internal digital telephony infrastructure.

Our scheme provides cover to the following types of engineers with fee income less than £2M. For engineers with fee income more than £2M, we need to provide insurers with a more detailed application, which can be done on request. Our scheme covers the following engineering disciplines:

  • Acoustic
  • Civil
  • Drafting
  • Electrical
  • Heating, Ventilation
  • Interior Design (non-structural)
  • Interior Design (structural)
  • Mechanical
  • Structural

Our quote system will only ask questions that insurers need to provide a quote. We don’t ask questions for demographic reasons and no personal information is required until after you proceed to the application stage.

The premiums for each policy we provide will be quoted separately by us for your ease.

The premiums quoted will be based upon limits of indemnity/sums insured displayed in each product section. In cases where insurers can provide alternate limits of indemnity/sums insured, you will be able to choose an alternate limit of indemnity and our system will re-quote that policies premium for the alternate limit of indemnity/sum insured.

Once you have decided to buy cover from us, you will move through to the application stage where our system will ask you various details that we need to know, be able to confirm cover to you. This will include details about you as our client, plus information on your business. If the answers meet with insurer's satisfaction, cover can be placed immediately and if you choose to pay by credit card or premium funding, we can supply you with your Schedules of Insurance immediately. If you choose to pay your premium by bank transfer (BACS), then your Schedules of Insurance will be released once payment has been received by us.

The entire process from obtaining a quote to downloading your documents can take less than ten (10) minutes if you have all the information needed to quote and apply.

Please note that we provide a non-advised sales service, which means we will provide you with access to all the documentation you will need to decide on whether our insurance meets with your needs and requirements. Our quote will include all taxes and fees payable, and you are under no obligation to purchase cover from us.

 


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