Never underestimate the importance of structural engineers insurance. No matter how much expertise you have in a particular professional practice, there are risks that you face in matters that you cannot control. In the field of structural engineering, the only way that you can know for sure whether or not your structure is as fit as you have planned it to be is for it to stand the test of time. Unfortunately, even a construction project that has already been finished poses the risk of getting sued for personal or property damage in the event of future unfortunate events involving your project. These litigations are often quite expensive. Most structural engineers or engineering firms do not have the financial capability to handle these litigations, especially if they involve projects costing millions of dollars. The only way you can protect yourself properly from such a financial liability is to cover yourself with a specialized structural engineers professional liability insurance policy.

Insurance Company Structural Engineer

Through structural engineers professional liability insurance, you are actually transferring part of your financial liability to an insurance company. The structural engineers insurance company extending you your structural engineers professional liability coverage will be obliged to defend you in the event of a lawsuit and share the liability with you. As the amount of actual funding needed in case of a lawsuit cannot be determined with certainty, you and your insurer will have to assess and determine the extent of liability you are willing to expose yourself to. The potential costs of litigation can be estimated based on an analysis made by Fenner & Esler Insurance Agency. You can also adjust the amount of your liability coverage and your premiums by adjusting the deductible you are willing to take on as your share in potential claims. This way, you are limiting your potential future liability expenses to only an amount that you feel that you can reasonably handle on your own.

Engineer Insurance

It is your responsibility as a structural engineer to make sure that the buildings and other structures that you are working on are strong enough to withstand structural loads as well as natural forces that they could be exposed to. The stability and strength of your structure should be such that it would not cause damage to life or property. Analyzing and planning the structural components of your projects and putting them together in a workable structural design while taking into consideration various technical, safety, and environmental factors are part of your responsibilities as a structural engineer. Typically, your projects would involve the construction of buildings, towers, bridges, and other structures for various types of uses. No matter what type of project you are involved with, the risks of causing damage to people or property remain.

Insurance For Structural Engineers

Structural engineers insurance can cover you against financial expenses that could result from accidental injuries or property damage that could be proven to be caused by errors and omissions on your part in making sure that the structure under contract is safe and sound. Without professional liability insurance tailored to your needs as a structural engineer, you may be left to take care of financing legal costs. You do not have to shoulder all of these costs yourself; Fenner & Esler Insurance Agency can provide affordable insurance coverage for design professionals like you. In the end, what matters most is that you are not left alone in your time of need.

Tired of receiving last minute “take it or leave it” renewal proposals? Now there’s another option. Simply contact us and find out more about our revolutionary concept in Professional Liability for Structural Engineers: A Choice!