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The following article was published in our article directory on January 27, 2010.
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Protection Against the Unexpected: A Must-Have for Engineering Professionals

Article Category: Business Management

Author Name: Robert McDonough

Just as everyone else needs the protection of an insurance coverage, engineers as well have the need to be protected against different risks they are exposed to in the practice of their profession. Aside from personal life insurance – this actually benefits the families of the engineer in case of his unexpected death, all engineers procuring building contracts should be protected with an engineer's insurance coverage. This coverage is also known as an errors and omissions insurance coverage or an E&O insurance coverage. Apart from this, general liability coverage should also be part of an engineer's insurance portfolio. There is a number of other items that may or may not be included in the comprehensive engineer's insurance any professional engineer should have. These include provisions for theft, disaster coverage, pollution coverage, and terrorist coverage among others.

In contracts involving huge projects, it is often required that engineers and engineering firms carry the basic E&O insurance coverage and the general liability coverage as part of their engineer's insurance policy. The insurance policy contract is often part of the legal and regulatory paper work required before a project is cleared for commencement. These basically cover any mistakes that might unknowingly be committed by the engineer and his team causing damage to property or any third party. Legal costs arising from delayed project delivery could also be covered under these engineer's insurance policies. The general liability provides for bodily injuries or property damage sustained by anyone in the property being constructed. For a more comprehensive coverage, more coverage could be purchased by the engineer depending on the actual risks he is facing and the budget he has set aside for his insurance coverage.

Every responsible engineer should be covered by at least an errors and omissions coverage and a general liability coverage. Nobody is perfect. Just because you have not caused a lawsuit in the past does not mean you are not capable of committing a mistake in the future. You want to be financially prepared to meet all your obligations in case you or any one of your crew does commit a mistake. More than those to whom the cash benefits will be paid out, it is actually you who stands to benefit from your coverage. Having professional liability insurance and a general liability insurance coverage can save you from paying thousands of dollars in legal and medical fees in case something goes wrong in your project.

You can find the right insurance protection for the kind of projects that you do. It would be a good idea to consult the various resources available online to get more information about what kinds of protection are available. You can also get free quotes over the internet especially if you do not want to speak to a sales agent. Filing your inquiries as well as your application for insurance could also be done entirely online. Upon evaluation of the insurance company, your professional liability and general liability insurance could be issued within a span of a few days after your online filing of your application. It really is no trouble to get an insurance coverage for your engineering practice – and, the benefits are all yours to enjoy.

About the Author: Robert McDonough is currently completing an internship as the in-house blogger for Fenner & Esler Insurance Agency, a boutique insurance brokerage that specializes in providing professional liability insurance for civil, structural, and geotechnical engineers.

Keywords: engineers insurance, geotechnical engineers insurance, soils engineers insurance, structural engineers insurance, civil engineers insurance, architects insurance, professional liability insurance

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