Engineering insurance can help protect you from:
Allegations of professional mistakes
A client accuses you of making a professional mistake or missing a deadline that causes them a financial loss.**
The cost of damaged business equipment
Your work space, furniture, laptops and building are damaged from theft, vandalism or fire and need replacing.
Legal fees and the expense of your defense
You need an attorney to defend your business in a lawsuit after a claim.
Get professional engineer insurance that’s fast, easy and affordable
NEXT specializes in small business insurance. Engineering insurance policies can help protect you, your company and your employees from the cost of unexpected events.
NEXT makes it easy to:
- Check prices, get covered and buy 100% online in about 10 minutes.
- Manage your policy 24/7 via web or mobile app.
- Pay monthly or annually and cancel anytime.
- Get unlimited certificates of insurance (COI) to share proof of insurance at no extra cost.
ERGO NEXT specializes in business insurance for engineering consultants
Engineering insurance is usually several types of policies to help protect you, your business and your professional services from different types of business risks. Your coverage may include:
General Liability insurance
Protection for damage to other people's property and injuries to non-employees
General liability insurance coverage can help protect your engineering business if a client is injured during a site visit or your team accidentally damages a client’s property. Many clients and project owners require general liability coverage for engineering.
general liability can help you pay for:
Medical expenses
Damage to property you don’t own
Legal fees and judgments
Employment practices liability
Professional Liability insurance (E&O insurance) for engineers
To help protect you from the cost of professional mistakes
Engineering professional liability insurance, also called errors and omissions insurance or E&O, can help protect your business if a client claims your work caused them a financial loss. If a design error or miscalculation leads to project delays, this coverage can help pay for legal defense costs or additional work.
professional liability can help you pay for:
Professional negligence (actual or alleged)
Legal defense costs
Legal judgments
Workers’ Compensation insurance
For employee work-related injury and illness
Workers’ compensation insurance can help cover medical bills and lost wages if an employee gets hurt or sick while working. It’s required in most states for businesses with employees. You can include business owner’s coverage for yourself as an optional add-on.
workers compensation can help you pay for:
Medical bills
Lost wages during recovery
Employer liability
Commercial Property insurance
For business owners who own or rent physical spaces
Commercial property insurance can help protect your office space and the engineering equipment and computers inside if they’re damaged by a covered event like a fire or theft. It can also help cover lost business income if you have to close for repairs temporarily.
commercial property can help you pay for:
Damaged equipment and inventory in your office or work space
Lost income
Repairs to your office or work space
Cyber Liability insurance
To help protect against the costs of data leaks and cybercrime
If private digital files, including blueprints and client data, are stolen or compromised by hackers who breach your data security, cyber liability insurance can help you cover costs to retrieve and safeguard your data, notify clients and restore your business operations.
cyber liability can help you pay for:
Data breaches
Cyber attacks
System failures
Save up to 25% in discounts on engineering insurance
Pay monthly or annually, and you can cancel at any time.
Basic
Lowest Price
Commercial Auto
Combined single limit
$85,000
General Liability
Per occurrence
$500,000
Professional Liability (E&O)
Per occurrence
$250,000
Workers’ Comp
Per accident
$100,000
Commercial Property
Per occurrence
$25,000
Pro
Most Popular
Commercial Auto
Combined single limit
$100,000
General Liability
Per occurrence
$1 million
Professional Liability (E&O)
Per occurrence
$1 million
Workers’ Comp
Per accident
$500,000
Commercial Property
Per occurrence
$25,000
Pro Plus
Best Coverage
Commercial Auto
Combined single limit
$1 million
General Liability
Per occurrence
$1 million
Professional Liability (E&O)
Per occurrence
$1 million
Workers’ Comp
Per accident
$1 million
Commercial Property
Per occurrence
$25,000
How much does professional engineer insurance cost?
Premiums for engineering business insurance are more affordable than you might think. The exact price you’ll pay for your engineer insurance cost depends on a number of factors, including:
- The type of work you do.
- The types of clients you have.
- Your business location.
- Your number of employees.
- Annual revenue.
- The coverage limits and deductible you choose.
- Your insurance claims history.
The best way to know for sure what you’ll pay is to check our prices. In about 10 minutes you’ll see the exact cost of tailored coverage for your business.
How can insurance for engineers help your business?
You might need engineer insurance to help your business:
- Cover the cost of professional mistakes. Engineer professional liability insurance (E&O insurance) can help your defense if you’re accused of an error that costs a client money.
- Protect your office and equipment. Business property insurance can help repair buildings or replace the business equipment inside from fire, theft, vandalism or other covered damages.
- Meet client requirements. Many project owners require general liability insurance before work begins to help protect against injuries or property damage.
- Hire employees. Most states require workers’ comp insurance for small businesses with employees.
- Drive for business. Business-owned vehicles and personal vehicles you drive for work typically need commercial auto insurance.