Insurance for Engineering Companies in India
Giving professional advice is risky business. In addition to being held responsible for their own mistakes on a project, an Engineer can, at times, end up being held responsible for the mistakes of subcontractors and others.
Every client works very hard at building their Engineering Business to let something like a coverage gap threaten it. Whether someone is a sole proprietor, a co-owner of a firm, or a consultant, Engineering Insurance is a must for them. The liabilities involved with designing public spaces, consumer goods, and facilities are vast
No one is immune to the effects of Murphy’s Law where a simple mistake can threaten the viability of Engineering businesses. No matter the scope of business or the industry, coverages from Prudent ensure peace of mind.
Key Products and Coverages Include:
Prudent believes the unique needs of each business and prefers a custom-tailored policy, that includes a few essential coverages almost every Engineer should carry.
- Commercial Property Insurance
- Business Income Insurance for Engineers
- General Liability Insurance
- Contractors Plant & Machinery Insurance
- Professional Liability Insurance
Other Engineering Insurance Coverages Options:
Depending on the unique operations of a business, it may also require additional coverages outside of E&O and a standard BOP (Business Owners Policy). Some coverages may want an electrician insurance policy(but certainly are not limited to) that includes: