How does insurance for engineering consultants work?
All the cover you’ll need for your consulting work, in one simple policy
At The Insurance Octopus, our personalised Business Insurance and Consulting Engineer Insurance policies are designed to allow you to add, remove, increase or decrease all areas of your insurance cover. We have the ability to put together a bespoke Consulting Contractor’s Insurance Policy to the way you want it. All the essential cover you will need in one insurance policy.
As a professional who is involved in providing engineering advice, our Consulting Engineers Insurance Policy will provide you with the relevant cover you require, giving you peace of mind that should there ever be a claim, your business will be protected.
The role you play requires you to assist your clients with your technical expertise. This expertise could be from a variety of different fields and sectors such as the civil, telecommunications, energy, defence, IT or automotive sectors. You could operate as a self employed consultant or run a small consulting firm, but no matter your circumstances we will endeavour to provide you with one simple policy to include all the protection covers you need.
What your Engineering Consultants Insurance Policy includes?
Professional Indemnity Cover
Professional Indemnity Cover limits from £50,000 to £10m. this covers you for any financial or trading loss that may be caused as a result of bad advice or a mistake made in work. Typically these claims can be a result of Negligence, Dishonesty, Defamation, Infringement of Intellectual Property Rights and Loss of Data.
Employers Liability Insurance Cover
Employers Liability Insurance Cover is required by law if you have one or more employees. Employers Liability Cover, is standard at £10m and will protect you as the employer against claims from your staff whilst working for you.
Public Liability Cover
Public Liability Cover protects you if a customer or a member of the public is injured, or their property is damaged. Public Liability Insurance protects you against the cost of repairs or any legal proceedings that could be filed against you. Standard levels of cover are available from £1m to £5m, with additional levels of cover available upon request.
Legal Expenses Cover
Legal Expenses Cover can cover the cost of legal representation and other costs associated with defending a claim.
Benefits of having Engineering Consultants Insurance
Taking out the correct insurance will ensure you are covered for your consulting duties and the risks associated with your consultative work. The Insurance Octopus will endeavour to put a tailored business insurance package together for your businesses or personal needs with the relevant level of Professional Indemnity Cover.
Covers such as Business Interruption Insurance, Personal Accident Cover, Contract Works or Contractors All Risks Insurance and more, are all additional add-on covers with levels of cover that can be increased or decreased as required. By having flexibility with your Professional Indemnity Business Insurance Policy from The Insurance Octopus, you can make sure your insurance is just what you will need.
Don’t overpay on your Professional Indemnity Cover, get the right cover for the right price today
Specialist Engineering Cover
We cover a variety of engineering trades and occupations, and are experts in providing Professional Indemnity Insurance, which is of course a key element of your Consulting Engineer Insurance. You will get a bespoke policy that ensures you only pay for the cover you need. We can add cover for your business equipment at home, in the office or in transit and provide options for covering you in sector specific situations as required.
Direct debit payment facility
We can provide you with your business insurance and documents on the same day in most cases, offering a range of flexible payment options, including Direct Debit. Call us today to speak to our specialists.
Why choose The Insurance Octopus?
We proudly make buying insurance different and our cover comes with a range of benefits.
Up to £5 million of cover
Claims can be expensive, that’s why we offer up to £5 million worth of Public Liability Cover. With more available upon request.
Fast specific cover
To help save you both time and money. We compare prices from a range of different insurers so you don’t have to.
An expert who knows your industry
We’ll connect you with an agent who is an expert in your field. They understand many of the challenges you face, and can truly get to grips with the type of cover you need.
Easy claims process
Accidents can happen, so when something does go wrong you can rest easy knowing our team is on hand to make the claims process as quick and stress free as possible.
No mid term fees, ever
We don’t charge any mid-term fees at all during the life of your policy – so there are no hidden fees following any changes you might need to make.
How it works?
Examples of Engineering Consultant Insurance in action
Don’t lose your business too
An engineering professional was working on a major project away from home and travelling to and from the site by train every day. Unfortunately, he managed to lose a number of vital documents on his journey one morning. This caused a major delay to the project and a possible breach of confidentiality. When the client decided to proceed with legal action, the Professional Indemnity Insurance that the engineer held was there to cover the costs of defending the case.
Types of professionals we can cover
Get Business Insurance off your to do list
Help protect and grow your business with tailor made business insurance from The Insurance Octopus
Insurance Know How Making business insurance easier to understand
The ultimate small business checklist to help protect against cyber threats
Cyber threats are heard about more and more in the news with many attacks affecting larger businesses. However...
The top 10 Cyber Insurance claim types
Cyber insurance claims are becoming more and more common with each passing year. As business grows more depend...
How much does cyber insurance cost?
Cyber insurance, which covers your business against the effects of a serious cyber incident, is not an “off ...
Get to grips with Under-insurance & The Insurance Act
Inadequate cover presents a great risk to businesses – help ensure your cover is more than adequate by u...
Business Insurance Blog For all the things business & insurance
Helen Bush Named Director at The Insurance Octopus
Leading commercial insurance broker, The Insurance Octopus, has appointed H...
Cyber 101: The Basics of Cyber Security
Would you be comfortable living in a house where all the doors are left wid...
The Insurance Octopus has been shortlisted for the British Insurance Awards 2021!
The Insurance Octopus has been announced as a finalist in the Commercial Li...