Electrical Contractor and Engineers Insurance

Caunce O’Hara’s Electrical Engineer insurance offers comprehensive industry-specific insurance for a broad range of risks faced by 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:

Negligent advice/work

You are contracted to complete extensive detailed calculations for electrical installation specifications for a client. You make an error in your calculations resulting in your clients’ project being delayed and incurring extra costs. 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 instance

You cause an accident while working onsite

You are contracted to supervise the installation and testing of electrical equipment to ensure the products meet regulatory codes and standards for a client. Despite your testing and sign-off for use, one of the products shows a fault and causes an electrical accident. This instance you would be covered by Public Liability insurance.

With Caunce O’Hara’s online quote and buy system you can get an indicative quotation for your engineering contractor insurance in a matter of minutes.

As an example: An Electrical 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 £320.00 per year. That’s only £26.66 per month, which we think represents good value considering the level of cover. (Figure correct 17.11.2021)

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.