Why do Engineers need insurance?

You know your clients place great trust in you to solve complex problems, but what happens if you get it wrong?  With BizCover you can get multiple competitive quotes from some of Australia’s leading insurers with just a few clicks or a simple phone call. Select your preferred policy and you’ll be covered instantly, so the only stress you’ll ever need to worry about is the one you are calculating! 

Did you Know?

Professional Indemnity policies available to Engineers through BizCover start with limits of cover from $1m all the way up to $10m 

Insurance for Engineers

Professional Indemnity*

As a professional engineer, you are required to be an expert. Your work can involve construction of materials that are associated with a high degree of risk, potentially exposing you to a Professional Indemnity claim, if something were to go wrong. From bridges collapsing to roads rupturing – the consequences (and costs) can be severe. 

Professional Indemnity insurance is designed to provide your business with a solid foundation when things don’t go to plan. It protects you against losses claimed against you due to alleged or actual negligence or errors in your professional services or adviceYour Professional Indemnity insurance will pay compensation to a third party together with your defence costs (which can include legal costs, investigator costs and expert fees).  

Public Liability Insurance*

Unless you set up shop on the moon, it’s likely you’ll have regular contact with clients, contractors and the general public. Public Liability insurance is an essential form of cover for engineers and is designed to provide protection for you and your engineering business in the event a client, supplier or a member of the public are injured or sustain property damage as a result of your negligent business activities. 

Business Insurance*

Your clients are important, but so are your business assets. Without the right cover, you could be hit with a few unwanted challenges that could leave you severely out of pocket. Consider cover for your contents, stock and premises to protect against fire, storm, theft, vandalism and accidental damage.
Business Interruption cover will ensure you get back on your feet in no time by covering the increased costs of running your business, as well as lost revenue while it is of action due to an insurable event.

Management Liability*

If you’re a company director or senior manager you don’t want any unwanted surprises that may leave you personally liable. Management Liability insurance will protect your company and your personal assets against legal costs and some statutory fines and penalties in relation to mismanagement, misconduct or statutory breach of duty.


* As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy document.  The information contained on this webpage is general only and should not be relied upon as advice.  

Claims Scenarios

A structural engineer entered into a contract with a construction company for the provision of providing surveying services in respect of an inner city hotel construction project.
Proceedings were issued by the owners of the inner city hotel claiming the amount of $260,000 in respect of damages and rectification costs allegedly incurred as a result of incorrect surveys being carried out which delayed the completion of the hotel.

An independent expert report identified that the engineer was negligent and attributed at least 75% of the rectification costs to the engineer. The case settled at mediation with the engineer agreeing to contribute $155,000 towards the rectification costs. In addition, the defence costs and expert costs incurred totalled $100,000.

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David G

Great Service, Quick and Easy, Competitive pricing and payment options.

Wolfgang M

The process was so quick, easy and the quote provided was HALF that of my previous insurer.

Emile O

Really easy and no long forms or wait times like other providers of PI.

Phillip B

Great service. I can see you are better than individual insurance broker who increase my premium every year.

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