Engineering Insurance

Engineering Insurance

Engineering Insurance Designed for Your Business

You’re passionate about solving problems, and we’re dedicated to protecting you from them. From designing to developing, we know engineers deal with unique risks – and our engineering insurance is here to help you get through them.
 
Engineering Insurance

Do Engineering Consultants Need Insurance?

Architects and engineers work with clients to design building plans or ensure things work. We know engineering firms face unique challenges on top of the common risks many small business owners face, like property damage or bodily injury claims. This is why getting the right coverage, like liability insurance for engineers, is important. See how adding seguro de negocio to your risk management plan can help you run a successful small business.
 

What Insurance Coverage Do Engineering Companies Need?

Many engineers start with a Business Owner’s Policy (BOP) for their insurance needs. It combines three types of insurance coverage that can help protect your business from different risks:
 
General liability insurance to help cover claims that your business caused bodily injury or property damage to someone else.
 
Commercial property insurance to help protect the owned or rented building, tools, equipment and inventory you use to operate your engineering business. This includes:
 
  • Computers
  • Protective equipment, like goggles, gloves and a helmet
  • Saws
  • Hammers
  • Toolboxes
  • Jacks
  • Wrenches
Business income insurance to help replace lost income if you can’t operate your engineering business because of a covered property loss.
 
While a BOP creates a good foundation for protection, you may need other types of coverage to help protect your business from other claims.
 
For example, many engineers need professional liability insurance, which helps cover claims that there was a mistake or error in the professional services given. This coverage is also known as errors and omissions insurance or E&O insurance.
 
If you drive business-owned vehicles for work, you may also need el seguro comercial para automóviles to protect you and your employees on the road.

Take Care of Your Team With Engineering Insurance Coverage

As a small business owner, of course you want to make sure your employees are protected. Your team faces unique risks on the job that can cause them to get hurt or sick. Engineering insurance protects engineers and contractors and can help them if they get hurt or sick from their job.
There were 7,900 cases of workplace injuries and illnesses in the architectural and engineering industry in 2020.1
Business insurance for engineers

Employee Injuries

“One of my engineering consultants was working on a construction site when a piece of equipment fell and hit her. She had to go to urgent care to get some cuts treated.”
 
Workers’ compensation insurance can help your engineers recover from work-related injuries or illnesses. It can help pay for their treatment costs and replace some of their lost wages if they miss work.
Insurance for engineering contractors

Essential Employee Absence

“One of our principal engineers got called into jury duty and was selected for a trial. I had to hire a temporary engineer and train them until our employee came back.”
 
Our Business Income for Essential Personnel coverage can help your business pay for expenses incurred if an employee has a sudden or unexpected absence. This coverage can also help replace lost income your business has due to the absence.

Covering Your Engineering Property

You rely on special tools and equipment to run your engineering business. If they get damaged or destroyed, it can be devastating for your firm. That’s why engineering insurance is important to have.
Natural catastrophes caused $270 billion in damages in 2021.2
Insurance for engineering consultants

Corrupted Computer Files

“Our computers have design files that we use for our clients’ projects. When a virus corrupted our computer system, we lost most of our work.”
 
We offer electronic data coverage to help pay to replace or restore data that’s corrupted from a virus or covered cause of loss.
General liability insurance for engineers

Drone Damage

“We use a drone to help us with our engineering work when we’re at job sites. One of my engineers accidentally flew the drone into a tree and damaged it.”
 
If you add Unmanned Aircraft – Property Damage coverage to your insurance policy, it can help pay to fix damages to your drone.

Engineering Insurance Policies To Protect Your Operations

From data breaches and utility outages to property damage, different risks can prevent you from operating your engineering business. With the right type of engineering insurance, you can help protect your firm.
The average cost of a data breach in 2022 was $4.35 million.3
Civil engineering insurance policies

Stolen Personally Identifiable Information

“Our office manager got an email that she thought was from our cloud service provider. She sent them our login credentials and the hacker got into our customer database, stealing information like names and payment details.”
 
Data breach coverage can help your engineering firm respond to a breach if personally identifiable information gets lost or stolen. It could also provide coverage for defense costs or settlements if you are found liable for a data breach. Some insurance companies call this coverage cyber liability insurance.
Professional engineer insurance requirements

Cloud Shutdown

“The service we use for cloud storage had to unexpectedly shut down for maintenance. It was temporary, but we couldn’t operate our firm until the service came back online.”
 
Business Income for Cloud Service Interruption can help replace your firm’s lost income if it can’t operate because of an unplanned or unannounced interruption.

Get Engineering Insurance Made for Your Business

We’ve created our engineering insurance and insurance for engineering consultants with you in mind. We understand the risks and challenges your industry faces and our specialists are here to help you get the right business insurance you need. Whether you have questions about types of coverage or need help filing a claim, we’ve got your back.
 
Other building and design professions we also insure include:
 
Engineering business insurance

Engineering Insurance That Has Your Back

Get the protection you need to help keep your small business running smoothly and successfully.
 
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Last Updated: December 15, 2022
 
1 U.S. Bureau of Labor Statistics, “Number of Nonfatal Occupational Injuries and Illnesses by Industry and Case Types: 2020”
 
2 Bloomberg, “Global Losses From Catastrophes Reached $270 Billion in 2021”
 
3 IBM, “How Much Does a Data Breach Cost in 2022?”
 
Divulgaciones adicionales a continuación.
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* Los comentarios de los clientes son recolectados y tabulados por The Hartford y no representan a todos los clientes.