Why do Engineers and Architects need Professional Indemnity Insurance (PII)?
Engineers and Architects naturally design, analyse and build systems, components and structures specific to the client’s specifications. But what if things don’t quite go to plan? Or you thoughts they did – but your client feels differently?
As a specialist international Lloyd’s of London broker, we work with engineers and architects globally, in create bespoke insurance coverages to protect you in the event of a claim, complaint or legal dispute with a client. Disputes and claims can be extremely costly, with the cost of legal fees and defence fees.
We work with a host of engineers and architects in arranging bespoke risk management solutions for individuals, SMEs and Corporate organisations.
Whilst engineering has a broad definition there are a number of specific policy wordings that can offer various levels of coverage. Our policies offer wider levels of cover and are written on a Civil Liability basis unless described otherwise, it is very important you have a reputable broker and highly rated insurer protecting your service.
We work with underwriters who work with excellent and highly experienced claims advisers and lawyers, most of which offer collateral warranty reviews. It is extremely important you are placed with an underwriter who is experienced in your trade sector and has the expert and technical understanding in order to assist you in the event of a claim.
This is why we take the time to fully understand your professional risks and carefully guide you through all of the insurer’s policy terms, conditions and exclusions. Working with special Insurers at Lloyd’s of London allows us to cater for the ‘distressed’ and unusual risks which are often rejected by traditional insurers.
Who will Servca cover?
We are capable of arranging cover for the following firms, irrespective or where you are based globally, or where your clients are based. We specialise in working with Engineers and Architects who may have had previous claims, complaints, or off shore/overseas exposure.
- Nuclear Engineers
- Electrical Engineers
- Science & Industry
- Consulting Engineers
- Civil Engineering
- Mechanical Engineers
- Heating and Ventilation Engineers
- Tow Planners
- Railway and Logistics
- Project Co-Ordinators
- Adjuration and Arbitration
- Leisure and Sport
- Soil Engineering
- Marine Dredging Consultants
- Chemical Engineering
- Waste Management
If your profession is not listed above we will be able to arrange coverage for you through a bespoke scheme with policy wordings catered around your business. Our specialist PI Broker desk is always available to answer queries via phone and email.