General liability insurance
A main type of insurance taken out by engineers, General Liability insurance can protect your business against bodily injury or property damage lawsuits from outside parties.
Regardless if an accident is your fault or not, if the accusation is true or false, you can experience peace of mind knowing that you are protected with General Liability insurance. The coverage may help protect you architect or engineering business against claims covered by paying the defence costs and any damages up to the selected limit of your policy.
Business Owners Policy
The Business Owner’ Policy (BOP) is a packaged insurance solution designed to protect your architect or engineering business against the typical risks it may be faced with each day. The BOP product can be tailored from a selection of various different types of coverages to suit the specific requirements of your architect or engineering business.
The types of insurances included with the BOP product can be different but usually include the standard types of insurance coverages to protect against things like property damage, business interruption and liability.
Workers compensation insurance
Workers Compensation is there to help protect your employees.
It is sometimes referred to as workman’s comp or workers comp, this type of coverage provides protection for your employees if they were to suffer a work-related illness or injury.
Some of the benefits your employees will receive under a Workers Compensation policy include:
- Medical care
- Replacement of lost wages when taking time off to recover
- Funeral costs paid for if they were to pass away
- Disability support costs