Technical Engineering Insurance
Quick and personalised business insurance for technical engineering contractors.
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Technical engineering insurance offers comprehensive industry-specific cover for a broad range of risks faced daily by engineering contractors.
Technical engineers are typically employed to ensure technical or mechanical equipment is functioning properly and within safety margins. They may also be required to troubleshoot equipment or systems, providing solutions for when systems break down or are not functioning efficiently.
Training people to use equipment properly and providing information on the use of equipment or systems may also be a part of this job, including training entry level technical engineers, which can expose you to risk of a claim if your advice is deemed as inadequate.
Start your quoteWhat is technical engineering insurance?
Technical Engineer insurance is designed to provide cover for you against the unexpected, such as something going wrong with a clients’ engineering equipment for which you are responsible.
The insurance policy will cover you against potential legal action against you in the event that you made a mistake in your work, or if someone has been injured due to an error on your part.
Why do technical engineers need insurance?
As a technical engineer, you will likely work in pressured environments that require high levels of technical proficiency. Whatever the specific field of technical engineering, a strong knowledge of technical processes, systems, and equipment relevant to that particular field is critical. This can expose you to potential errors that can cause business disruption and loss of revenue to a client’s business.
Knowing that you are carrying the right level of business insurance can give you the peace of mind you need to concentrate on your work, while also helping to mitigate a potentially stressful and costly outcome.
If you are an engineering contractor working via a recruitment agent, you may find you are required to carry insurance, such as professional indemnity, public liability and employers’ liability, before you are allowed to start working for them.
Why choose Caunce O'Hara for your business insurance?
As freelance insurance experts, we're your number one choice for your business protection.
Trusted by over 23,000 clients for their business insurance.
Immediate cover available, with documents issued via email in minutes!
Over 25 years’ experience of insuring self-employed professionals, including freelancers, contractors, and small business owners.
Business insurance for technical engineers
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Frequently Asked Questions
Caunce O’Hara’s Technical Engineer insurance offers comprehensive industry-specific insurance for a broad range of risks faced by technical engineering contractors.
What it costs for cover and your peace of mind, makes our engineering insurance a worthwhile investment in your own protection.
The business insurance policy will provide cover for claims including:
Alleged negligent advice
You are contracted to work onsite for a client. You provide product training to a new member of the engineering team. The new staff member does not fully understand how to use the equipment and has an accident, for which you are alleged to have caused due sub-standard training. Professional Indemnity insurance would cover you in this instance.
Breach of contract
Breaches of contract can include you missing an agreed deadline for delivery of an engineering project, or it can be that you are unable to fulfil an agreed contract and need to terminate the contract early. Professional Indemnity insurance would provide cover for this in the event your client made a claim against you.
You cause an accident while working onsite
You are contracted to work onsite for a petrochemical client and are responsible for the operating functions od the control systems and storage tanks. You overlook an issue with one of the storage tanks, which causes it to breach, injuring a member of staff. This instance you would be covered by Public Liability insurance.
With Caunce O’Hara’s intuitive online quote and buy system you can get an indicative quotation for your engineering contractor insurance in a matter of minutes.
As an example: a CAD/CAE engineer with an annual turnover of up to £50,000, who requires Professional Indemnity insurance with an indemnity of £500,000 of cover (in any one claim) would pay as little as £192.00 per year. That’s only £16.00 per month, which we think represents good value considering the level of cover and peace of mind that you gain (Figure correct as of 10.11.2021).
Apart from Professional Indemnity insurance, engineering contractors will likely be asked to ensure they carry Public Liability insurance as part of their contractual obligations to protect the clients’ property and members of staff.
It is also important to note that as a self-employed business owner, a claim can be made against you personally with unlimited personal liability, therefore Directors and Officers insurance is a valuable insurance policy which will cover you in this instance.
Legal Expenses insurance will provide cover for costs incurred from a legal occurrence or claim that your indemnity and liability insurance does not cover, including the costs incurred from an IR35 tax investigation.
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Our understanding of the freelance sector and the challenges you face daily, enables us to tailor our insurance products to meet your needs. Contact us to talk about your insurance requirements and to better understand the insurance we offer.
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