Insurance for Electrical Engineers

ortable Equipment insurance covers the cost of the things you take on the job with you anywhere in Australia.

Contents insurance covers the things which stay on your premises.

Both cover damage caused by storm, fire, and theft or break in, but Contents (Property) protects the money, equipment, stock, and glass in your building, while Building Cover protects the building you operate out of.

Portable Equipment insurance can cover you if your tools are stolen from your locked van, ute, or work vehicle. When you make a claim, we will assess if the stolen equipment was stored securely.

BizCover does not currently offer Business Vehicle Insurance. However, we can help protect the tools of trade and portable equipment securely stored inside your work vehicle with Tool & Portable Equipment insurance.

So, if your tools are stolen from your locked ute or van, your policy can help replace them (subject to the policy terms).

If you provide advice to clients in your capacity as an electrical engineer, then you may wish to purchase Professional Indemnity insurance. Professional Indemnity insurance is designed to protect you against losses claimed against you due to alleged or actual negligence or errors in your professional services or advice.  Your 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).

If you work as a contractor or sub-contractor, or are required to enter various worksites, you may need Public Liability insurance. Public Liability insurance is typically an important 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.

At BizCover, we offer a Business Insurance package, also known as a BizPack. A BizPack allows you to pick and choose the insurance you think is best for your electrical engineering business. Think about insuring your business assets with insurance options including cover for your contents, stock and premises to protect against fire, storm, theft, vandalism and accidental damage.

If you run your own company, then you could consider Management Liability insurance. Management Liability insurance protects directors and officers and the insured company itself from the many exposures relating to the management of a company.

Accidents can happen on even the most professional and organised working conditions. Should the unexpected happen, this product can cover your income if you’re unable to work due to illness or injury.