Engineers are an essential part of our economy. A design flaw, loss of client information or negligence may raise a legal claim against the engineers involved. Outrisk Insurance offers flexible, comprehensive policies for engineers who want to keep peace of mind at all times.
What is Professional Liability Insurance for Engineers?
What is Professional Liability Insurance for Engineers?
Professional liability insurance is essential for all professionals and companies that offer advice or services to other businesses. Professional liability insurance is must-have when the work can affect clients’ safety and deals with high-stake risks.
Thus, engineers are on the top of the list with the professionals that can’t work without custom-made liability insurance.
Read moreProfessional liability insurance is essential for all professionals and companies that offer advice or services to other businesses. Professional liability insurance is must-have when the work can affect clients’ safety and deals with high-stake risks.
Thus, engineers are on the top of the list with the professionals that can’t work without custom-made liability insurance.
Read more
Why insure your Engineering Business with Outrisk Insurance?
Why insure your Engineering
Business with Outrisk Insurance?
A lawsuit against an engineer takes time, money and legal know-how to deal with. Engineers’ Insurance offers you all three.
Outrisk Insurance team has been helping engineers to find the ideal insurance policies for their unique needs for more than 30 years. We are experts in professional liability insurance and we already know what policies you need, even if you don’t.
We also know that choosing the most suitable insurance package for your business can be tricky. So it is our job to make sure that you’ll get your custom-made Engineers’ Insurance as quickly and hassle-free as possible.
A lawsuit against an engineer takes time, money and legal know-how to deal with. Engineers’ Insurance offers you all three.
Outrisk Insurance team has been helping engineers to find the ideal insurance policies for their unique needs for more than 30 years. We are experts in professional liability insurance and we already know what policies you need, even if you don’t.
We also know that choosing the most suitable insurance package for your business can be tricky. So it is our job to make sure that you’ll get your custom-made Engineers’ Insurance as quickly and hassle-free as possible.
All in One
Comprehensive coverage for your engineers - shields your engineering business and resources against all perils leading to loss and damage.
Round-the-Clock Customer Support
Our team is available 24 hours, 7 days per week for any unexpected events or requests for filing claims.
Quick claims settlement
We are devoted to providing outstanding services for our clients, including immediate claims settlement, so you can focus on running your business.
Reliable Insurance Provider
We have been serving Cyprus since 1989 and have an incredible track record of successful engineers’ insurance deals.
Competitive Premiums
You receive comprehensive coverage with complimentary benefits at the best prices in Cyprus' insurance sector.
Expert team on-call
We provide tips on additional policies to add to your insurance package to get coverage tailored to your business needs.
Who is this for?
Aimed at individual engineers or engineering companies in Cyprus, such as chartered engineers, engineering advisors, civil engineers, or electrical and mechanical engineers.
Call Us +357 97770067
Email us info@outrisk.com
Why do I need Insurance for Engineers?
Why do I need Insurance for Engineers?
Engineers’ work can affect the health and safety of their clients and the people around them. They are also legally responsible for design mistakes that can have a disastrous impact on the implementation of an expensive project.
Therefore, professional liability insurance for engineers is far more than a ticked box.
Engineering comes with a great variety of risks and threats. From miscommunication with the client to the miscalculation of a design to faulty work, an engineer can be called to court for many reasons. Thus, a simple legal claim could lead an engineering firm to collapse.
Engineers’ work can affect the health and safety of their clients and the people around them. They are also legally responsible for design mistakes that can have a disastrous impact on the implementation of an expensive project.
Therefore, professional liability insurance for engineers is far more than a ticked box.
Engineering comes with a great variety of risks and threats. From miscommunication with the client to the miscalculation of a design to faulty work, an engineer can be called to court for many reasons. Thus, a simple legal claim could lead an engineering firm to collapse.
What does Engineers' Insurance Cover?
What does Engineers'
Insurance Cover?
- Legal defense costs
- Court fees
- Claim Settlement
- Employee Protection
- Health & Safety in the Workplace
- Third-party injury compensation claims
- Property damage from out of business activities
- Slander and libel
- Damage to business premises by fire, storm, theft and other insured events
- Damage to work documents
- Coverage for lost revenue in case of business interruption
- Damage to money (for cash on the premises)
- Damage to office’s portable contents (e.g., mobile phones, laptops)
- Theft of legal documents
- Legal defense costs
- Court fees
- Claim Settlement
- Employee Protection
- Health & Safety in the Workplace
- Third-party injury compensation claims
- Property damage from out of business activities
- Slander and libel
- Damage to business premises by fire, storm, theft and other insured events
- Damage to work documents
- Coverage for lost revenue in case of business interruption
- Damage to money (for cash on the premises)
- Damage to office’s portable contents (e.g., mobile phones, laptops)
- Theft of legal documents
Get an insurance quote
Get an
insurance quote
We have the experience and the competitive prices.
Have a look at what we have to offer.
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Frequently asked questions
No. But it’s definitely a great idea.
You’ll find that many clients ask you to have it.
The more complicated, specialized, and large-scale your projects are, the more money and time they’ll require to deal with if something goes wrong.
Consider the nature of your work, who your client is, how much the project costs, and the amount they’re compensating you. Take into account what could go wrong, the worst-case scenario. What’s the most expensive mistake you could make?
If you need more help, give us a call or send us an email.
Generally speaking, there are at least 5 points you should think about before buying engineers’ professional liability insurance.
- Find a trusted insurance broker. This guarantees you receive the best possible insurance protection for premiums you can afford.
- Never presume that the most affordable insurance plan is the best or will offer you value for your money.
- Pick a coverage amount that suits your level of risk.
- Go with the kind of coverage that suits best your current situation.
- Go over the policy’s fine print.
We can go through the available insurance policy options together. Call at +357 22 352 223 to talk to Outrisk Insurance expert team today!
- Professional Liability insurance. It is all about shielding the engineer’s professional services against any kind of risks. Numerous scenarios exist where engineers need insurance, like claims of inadequate project management, substandard design or requirements, and incorrect certification. These can pose a huge financial risk when their client files a lawsuit.
- Public liability insurance. Ideal if you head out and about on business or have guests at your workplace. It’s for insurance claims of physical damage to property and people.
- Employers’ liability insurance. It protects your business if an employee sues you for injuries and health issues as a result of working for you. It’s a legal requirement for Cypriot organizations with employees to have this type of insurance.
- Office and property insurance. It covers furniture and equipment in your workplace (furniture, plants, fastened IT hardware, etc.).
- Portable insurance. It includes gadgets and high-tech equipment out of the workplace (laptop computers, tablets, projectors, etc.).
Insurance companies consider some engineering fields to be ‘riskier.’ These fields include oil and gas, nuclear power, sewerage, tunnels, quarries, bridges, ports, swimming pools and wind generators. Call Outrisk Insurance today to check if you’re eligible for Engineers’ Insurance!
