Engineering Insurance
Engineering Insurance
Engineering Insurance provides critical covers for businesses associated in precision engineering, component manufacture, electrical engineers, engineering design, engineering projects and services.
Covers are designed to protect you and your business against financial loss to your customers or an individual being injured as a result of your business activities or your product.
Do I need Engineering Insurance?
If you own or run an engineering facility or service, a mistake in design, poor advice or an injury sustained to another individual by your error could result in a claim being made against you. Without adequate, appropriate and a risk managed engineering insurance solution in place, any claims or financial losses incurred would have to be met by you.
What covers are available in Engineering Insurance?
We would always encourage a talk with a member of our specialist engineering team as each business is unique and we do not offer “Off the Shelf” solutions. By understanding your business, we can provide all the covers you need to be protected and NOT covers you don’t need as usually offered in online policies or off the shelf solutions.
Typical covers include (but not limited to):
- Product Liability
- Public Liability
- Employers Liability
- Stock
- Business Interruption
- Plant and machinery
- Buildings and contents
- Electronic Equipment (Including Computers)
- Professional Indemnity
Optional covers available include:
- Cyber Insurance
- Legal Cover
Do Konsileo help with Engineering Inspection?
A Compulsory HSE inspection is required on various plant and equipment such as lifting equipment, extractors etc. Here at Konsileo, we can arrange this on your behalf by engaging either a competent insurance employed specialist or an independent specialist inspection provider.
Why choose Konsileo for your Engineering Insurance
With years of experience working and supporting both large and small engineering businesses, we at Konsileo are well placed to support, advise and protect your engineering business with the covers you need. Our understanding of the engineering sector and your legal legislation obligation requirements ensures we well placed to support you, and furthermore, be available to handle any claims brought against you.
We are NOT a call centre and ensure you always speak directly with a specialist. Call our engineering team today and see how we can help your engineering business.
Frequently asked questions
Engineering Insurance is suitable for mechanical engineers, civil engineers, structural engineers, electrical engineers, manufacturing engineers, precision engineers, design engineers, consulting engineers, fabrication businesses and engineering contractors.
Engineering businesses face unique risks, including design errors, machinery failures, workplace accidents, defective products, project delays, cyber attacks and contractual liabilities. Specialist Engineering Insurance is designed to protect against these technical and operational risks.
Professional Indemnity Insurance protects engineering businesses if a client claims that your design, specification, calculations, technical advice or professional services caused financial loss. It can help cover legal defence costs and compensation where covered by the policy.
Yes. Product Liability Insurance helps protect engineering businesses if a product, component or manufactured part causes injury or property damage. It can help cover legal costs and compensation where covered by the policy.
Common risks include machinery breakdown, design errors, workplace injuries, manual handling accidents, fire, theft, defective products, cyber attacks, project delays, damage to customer property, supply chain disruption and business interruption.