Why do Electrical Engineers need it?

As an electrical engineer, clients put a great deal of trust in your knowledge and experience. Protect your business against liability claims and other unexpected events with the right business insurance. With just a few clicks or a single phone call, you can get multiple competitive quotes from some of Australia’s leading insurers. Select the policy that suits your business’ unique needs and get covered instantly.

Did You know?  

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

 

Insurance for Electrical Engineers 

Professional Indemnity*

Your work as an electrical engineer can involve using materials that carry a high degree of risk, potentially exposing you to a Professional Indemnity claim, if something were to go wrong. All it takes is for a design to not go to plan and the consequences (and costs) can be severe.

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).

Public Liability*

Being such a hand’sonjob you are likely to be in regular contact with clients, contractors and the general public. 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.

Business Insurance*

Your clients are essential to keeping your business running, but so are your business assets. Without adequate cover, you could be faced with a few unwelcome challenges that could leave you seriously out of pocket. 

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. 

Management Liability*

Management liability insurance* protects directors and officers and the insured company itself from the many exposures relating to the management of a company. 

Owners and those responsible for the management of a company have specific responsibilities which can result in personal liability for alleged or actual wrong-doing. 

Personal Accident & Illness insurance*

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.

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

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