Engineers perform a complex job and almost always get it right. We get this, but we also understand that errors will be made and can be costly to remedy. Furthermore, the costs of defending a claim have escalated to the point where defence legal costs are regarded as a worse risk than the claims themselves.
To obtain a quotation, please complete and submit our online questionnaire.
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Major sources of claims include:
(a) Failure to properly take into account building regulations, city or council planning requirements, environmental legislation or regulations;
(b) Errors in designs;
(c) inadequate building inspection and reporting;
(d) errors in project budget and cost control;
(e) errors in reinstatement cost assessment;
(f) errors in issuing of certificates (e.g. building energy efficiency certificates, accredited green star assessments, fire service certification etc);
(g) failure to properly establish customer requirements;
(h) breach of contract conditions;
(i) defects in the final building or structure arising from professional negligence including structural inadequacy or failure of design to satisfy function;
(j) exceeding the scope of engagement
The risk profile of engineering businesses and engineering professionals will vary greatly depending on:
- Field of Expertise
- Scope of work
- Project Values
- Size of business
- Staff Experience and expertise
- Use of Contractors
- Contractual Liabilities
- Past claims experience
- Internal risk management applications
Our job as your insurance broker is four fold:
1. Understand your business activities and risk profile and articulate this to the insurance companies
2. Present to you cover options that support your risk profile and will respond to claims
3. Educate you on how your insurance covers work and how best to use your cover
4. Manage claims to ensure the best possible outcome for you
To obtain a professional indemnity insurance quotation, please complete the form below.
