Why do engineers need insurance?
What cover is included in insurance for engineers?
Depending on the nature of the work you do, you may decide to add office insurance, portable equipment insurance or cyber and data cover to your engineers’ policy too.
Insurance for engineers FAQs
What type of engineer does Hiscox cover?
Hiscox insures several types of engineering firms, including structural engineers, electrical engineers, acoustic engineers and those who work with HVAC (heating, ventilation and air conditioning) or MEP (mechanical, electrical and plumbing) systems.
Get in touch for a quote to find out how Hiscox could support your specific line of work by providing insurance tailored to the common risks within your field. Our flexible cover means we’re able to help businesses of all sizes, from SMEs to large enterprises.
Do I need engineering professional indemnity insurance?
Professional indemnity insurance may be useful to an engineer because of the service-based nature of engineering work. It could be especially important for those who provide engineering consultancy services as part of their offering, since giving advice can leave a company vulnerable to negligence claims.
Professional indemnity cover is all about shielding your business from the financial impact of claims which relate to alleged mistakes.
How much portable equipment cover do engineers need?
Engineering businesses may benefit from portable equipment insurance to protect the tools of their trade while working on external sites. How much cover you’ll need depends on the total value of the tools and equipment you carry – so it could be a good idea to calculate the value of everything from pliers to voltage probes.
Insuring your equipment for less than its total value might reduce the amount you can claim if your tools are damaged or stolen.
Related articles and guides
What is professional negligence?
No engineer likes to think too much about negligence, but disputes can still arise unexpectedly. Read about the definition of negligence to stay in-the-know.
What insurance does a sole trader need?
Some engineers operate under a sole trader business structure. In this case, specific insurance may be required – learn more with our guide to sole trader insurance needs.
How to become a contractor
As an engineering contractor, you can choose jobs to suit your schedule. Follow this step-by-step guide to becoming a contractor with the help of Hiscox.