An engineering insurance helps engineers and engineering firms alike by protecting your interests should you fail to meet your client’s expectations.
There are innumerable things that could go wrong with your work as an engineer if you aren’t careful. Sometimes, even if you’re being careful, you still can’t prevent delays and setbacks. Unexpected rain could delay your construction project, or the unavailability of a certain important material can leave you scrambling for a replacement.
If even your employee makes a mistake, such as an error in design that costs the client both time and money, they can sue you. Here, a professional liability insurance for engineers can come to your rescue by keeping your finances secure through the whole litigation process. As your insurance carrier will provide all payments and compensation, you can continue to focus on your work as a professional.
Even if you try to deliver the best service you can, you may eventually run into a client you don’t agree with. If they feel that your professional services don’t match what they paid you for, then your professional liability insurance will protect you from having to pay your client the damages yourself.