Saturday, September 8, 2007

Professional Indemnity Insurance

Professional indemnity insurance for construction engineers

As a construction engineer, you utilize your special skills while providing advice or services to your customers. Being an expert in this field, any advice or service you would be providing to your customers would be relied upon by them, making you accountable for the advice or service you have give and for any mistakes that may emanate from your advice or services.

As a construction engineer, you cannot afford to ignore the real possibility that a claim might be raised against you by dissatisfied clients to whom you have rendered your expert advice or service. In fact, statistics show that professional liabilities that arise out of such situations can often be as significant as or even greater than the general liabilities, especially where there is the potential for substantial economic loss.

A Professional Indemnity Insurance policy for construction engineers would protect your under such situations. Professional indemnity insurance for construction engineers is specially designed to protect the personal assets of construction engineers against damages awarded against them by a court. There are many insurers offering professional indemnity insurance for construction engineers, and the scope and type of cover available can vary enormously. The onus is on choosing a professional indemnity insurance cover that is appropriate for your need.

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