How Does Engineer Insurance Work?

What Are Some Examples of Engineering Insurance Claims?

Professional liability insurance for engineers (or engineering errors and omissions insurance) is critical for all engineering firms. Imagine that you design a bridge with a flaw that subsequently causes it to fail and people are injured. Your policy can cover what’s called “contingent bodily injury and property damage,” meaning that costs related to lawsuits over the bridge collapse can be paid. You may also be covered if you’re a mechanical engineer, you design a product for a manufacturer, and that product causes harm to someone. 

Then there are things like slip-and-fall accidents, which happen every day. Say someone making a delivery to your office suffers a fall when the handrail on a stairway breaks. They might sue you for the cost of their medical care. Engineer Insurance like a general liability policy or a BOP can cover the costs associated with this type of incident. 

Commercial auto insurance provides important protection if your engineering firm owns or leases vehicles. Let’s say you accidentally back into another vehicle in a parking lot and the owner sues you. Your commercial auto policy can cover the cost of that lawsuit and also can pay for repairs to your vehicle.