PROFESSIONAL LIABILITY INSURANCE OF CIVIL ENGINEERS-ARCHITECTS
The Importance of Professional Liability for Architects and Engineers
The Engineer prepares studies based on which technical projects are constructed, offers supervision / project management services and Technical Consultant services in various issues related to constructions, industry, environment, etc.
"WHAT YOU NEED TO KNOW"
Why do I need Civil Engineer-Architect Professional Liability Insurance?
Many business owners, professional engineers included, think of insurance as just another bill they have to pay that affects their profits in a negative way. Unfortunately, as a professional architect or engineer, you face many risks within your industry that the insurance will cover should a claim arise. Have you ever been in a situation where a project you were working on got delayed? Was the customer happy about it? Probably not. There are some risk management techniques you can utilize. Protect yourself, your business, and your profits by purchasing coverage that is specialized for your industry.
What is covered by Civil Engineer-Architect Professional Liability Insurance?
The Professional Liability of the insured is coveredfor the amounts, which he becomes liable, as a civilly responsible according to the law (based on the provisions of the civil law on tort), to pay as compensation for claims of third parties due to acts or omissions of his negligence and related to his activity, that is to say the design, study and supervision of civil engineering projects.
Costs for Judicial or extrajudicial support, interest, legal costs, expert expenses
The necessary expenses that it has incurred for the provision of first aid to who suffered bodily injuries from his act, is covered by the insurance policy
The necessary expenses that it has incurred with the consent of the Insurance Company for the investigation, verification, a rejection of an injured third party by a covered occurrence, including the costs and expenses of a relevant lawsuit
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