Structural Engineer Insurance

You must never underestimate the importance of getting your engineering business insurance from an insurance brokerage service that specialises in engineering and structural engineering liability. It’s essential that structural engineers do everything in their power to safeguard their finances, not to mention the finances of those with whom they do business.

It’s your responsibility to make sure your company is adequately protected for every possibility. One small mistake or oversight in engineering insurance cover could result in an overwhelming amount of expensive litigation, which could ultimately ruin your reputation and your business. Having the right engineering insurance policies in place therefore, is of the utmost importance.

To help you make sure you have full cover, Thompson & Co Insurance Brokers are a hugely experienced commercial insurance firm that can help you decide upon the structural engineers’ insurance plan that fits your own unique requirements.

Why do structural engineers need liability insurance?

Structural engineers have a legal liability for any personal injury or damage to property that arises during the course of their activities. Claims made with regard to this liability can be extremely expensive to defend and of course, costlier still if companies are found to be legally liable. Structural Engineering Liability Insurance therefore protects against losses by providing insurance against any awards that must be paid out and the costs of defending any claims made.

What kind of insurance do structural engineers need?

For most businesses, there are two types of basic liability insurance that must be considered.

* Public Liability Insurance: this protects firms against any claim for personal injury or damage to persons or property suffered by any third parties, which is to say, anyone not directly employed by you or your company. Public Liability Insurance policies can also include coverage for Products Liability insurance, protecting against claims made in relation to the sale, manufacture or supply of any product.

* Employers Liability Insurance: this protects against claims made regarding your legal liability for injury, illness or death sustained by any of your employees during the everyday course of their employment.

What additional forms of cover are available?

Both Public Liability Insurance and Employers’ Liability Insurance are compulsory, but there are many additional forms of cover that are also available and may be worth considering for your particular business.

For example, it may be a good idea for you to take out insurance on your tools, other business equipment or even the entire plant. There is also professional indemnity insurance for engineers, personal accident insurance and legal expenses insurance.

Depending on what exactly your business is concerned with, you might also decide to look into Civil Engineering Insurance, Precision Engineers Insurance and Mechanical Engineers Insurance.

Whatever kind of engineering business insurance you’re interested in, or if you would just like some advice to help decide what cover is best for you, give us a ring today on 0121 796 0123 and speak to one of our dedicated structural engineering insurance team.

What Our Clients Say

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I have therefore, no hesitation, in recommending Caroline and her colleagues at the newly formed Thompson & Co to anyone seeking advice on insurance matters and creating new policies.

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Paul Thompson and his associates have dealt with all of our insurance interests, together with those of our associates companies, for over 20 years. We have been delighted with their service over this period.