Technical Engineering Insurance

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.