Insurance for engineers is as vital as insurance for every other profession that involves some form of risk of a claim. Like similar kinds of industries, engineers need the full protection of a well-rounded insurance policy to make sure they are not hit hard by any claims.
Insurance for engineers should cover some basic things that every engineer, or everyone running an engineering business, needs to maintain a safe and protective working environment. For example, engineer insurance can cover your plant and its contents, including all of your tools and machinery, from a whole host of dangers including fire, water damage, breaking and entering, and theft etc.
Professional indemnity is another thing good insurance policies should have. If you are going to be consulting, and giving advice or recommendations, then you need to be protected against the outcome of any of these suggestions going wrong. This is particularly true if a miscalculation on your part causes damage.
Public and products liability is also something to look out for in an insurance policy. This is to cover any money that you may become legally obliged to pay in case of an injury or loss, or damage to material possessions of a person, due to your business practice or because of anything sold or supplied by it.
Insurance for engineers can be bought for specific kinds of engineers, for example electrical engineers, chemical engineers, design engineers, transport engineers, health and safety engineers etc. These can be very specifically tailored policies, or sometimes general policies will tick all the boxes needed for various engineering roles.
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