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What is engineering insurance?
Engineers insurance is the different types of cover designed to protect engineers and engineering firms from suffering financial losses caused by lawsuits, work mistakes, and more.
Your clients rely on your engineering expertise, but what if a mistake in your work, damaged equipment or cyberattack derails their project? The potential troubles that engineers face is endless—and could create expensive bills for your business.
If paying them out of pocket would test your business’ strength, then you might want to consider business insurance.

Why do engineers need insurance?
Engineers may need business insurance to obtain their professional license and fulfill contractual obligations.
Become licensed
Enter a worksite
Work as a contractor or sub-contractor
Work with specific clients
Pay legal costs if you face a liability claim
Who needs engineering business insurance?
Many types of engineers consider business insurance, including engineering consultants, surveyors, and more.
Engineering Consultants
Civil Engineers
Mechanical Engineers
Electrical Engineers
Engineering Drafting Services
Chemical Engineers
Engineering Firms
Structural Engineers
Quantity Surveyors
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Did you know?
Professional Indemnity is the most common policy chosen by engineers, as it is mandatory for the profession in most states and territories. You may be required have minimum levels of cover to receive and maintain your professional license.
Professional Indemnity policies available to engineers through BizCover start with limits of cover from $250,000 up to $10 million.
What types of insurance do engineers need?
We offer a range of insurance options designed to cover your professional reputation, tools, and more.
Popular cover types for Engineers:
Engineers may also consider:
How much does engineering insurance cost?
The average cost of business insurance for engineers is $152 with BizCover, but the amount you pay may vary. Insurance premiums are based on factors such as the services you provide and the level of cover you choose.

Factors influencing cost
Risks of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
*Customer Average Monthly Payment Report is based on 1 July 2023 to 30 June 2024 and presented as a guide only. It may not reflect pricing for your particular business, as individual criteria will apply.
Get cover that works with the risks of your business
Select different cover amounts for each policy listed below.
This is the most you will be paid out if you need to make a claim.
Unsure how much to choose? Think about:
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to cover you, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.

Factors influencing cost
Risk of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
Customer Average Monthly Payment Report is based on 1 July 2023 to 30 June 2024 and presented as a guide only. It may not reflect pricing for your particular business, as individual criteria will apply.
Get cover that works with the risks of your business
Select different cover amounts for each policy listed below.
This is the most you will be paid out if you need to make a claim.
Unsure how much to choose? Think about:
Statutory professional requirements
Cover required by contracts
Number of employees being covered
Your contract value
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to cover you, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
How it works – buying online
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See how much others have saved while purchasing policy through BizCover
^ Savings made from January 2024 to April 2025. This information is provided as a guide only and may not reflect pricing for your particular business, as individual underwriting criteria will apply.
Frequently asked questions
Business Insurance is an insurance package designed to provide cover for your business contents, stock, tools and commercial premises when an insured event occurs (such as fire, storm, theft or even accidental damage). A Business Insurance Pack can be customised to include cover that fits your business needs, such as covering your portable equipment, glass and for loss of revenue due to business interruption (among many others).
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