Engineering and Construction

Professional Indemnity (PI) Insurance

We arrange PI Insurance for all types of engineers including:

  • Civil
  • Structural
  • Mechanical
  • Geotechnical/Geological
  • Mining / Resources
  • Chemical

Need a Professional Indemnity quote or just some
specialist advice?

Contact one of our dedicated consultants by calling
1800 245 123 or completing the form to the right of
the screen

Frequently Asked Questions on PI insurance

LEARN MORE:

Professional Indemnity Insurance for Engineers – Why
is it important?

The law requires an Engineer to exercise their skill at an
appropriate level expected of that profession. Any financial
loss arising from a mistake or failure by that professional to
do so, may result in an award in favour of a third party. A
professional may also be held to be liable for a mistake even
though there was no negligence (i.e. breach of the Trade
Practices Act).

An Engineers PI policy is designed to protect the company’s
assets (of larger forms) or the personal assets of a sole
consulting Engineer against damages awarded against them
by a court, or resulting from an approved negotiated settlement,
in relation to an act, error or omission committed by the
professional during the conduct of their professional business
activities. It also covers the costs and expenses of defending
claims.

We are an Insurance Broker who specialises in the placement
of Professional Indemnity Insurance for Engineers. Insurance is
complex and there is a large variation in pricing and the quality
of cover which can be obtained. In addition, if you require a policy
that complies with the Victorian Building Act we would be more
than happy to source a product which is compliant and provides
adequate protection.

Claims Examples

 

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