The construction industry is wrought with liability hazards, and the potential for lawsuits stemming from claims of financial injury due to error and omission is higher than almost any other industry. For this reason, professionals such as engineers, architects, and surveyors need a solid professional liability plan in place in order to mitigate risks and keep losses under control. Whether you are a sole proprietor or the owner of a large firm, you can only benefit from professional liability insurance for engineers in Indiana.
As an engineer, the risk of litigation is great. A client may choose to use for any number of reasons, including but not limited to:
- Failure to uphold contractual obligations
- Structural defects
- Pollution incidents
- Personal injury
The best agencies allow you to customize your policy so that it covers everything you need to protect your assets, finances, and reputation in the event of a lawsuit. The best agencies also help you mitigate losses by advising you on ways to improve your loss prevention programs and safety procedures.
Unfortunately, even if you do everything by the book, you may still be slapped with a lawsuit. Effective professional liability insurance for engineers in Indiana will help pay for any costs associated with litigation, including defense fees and settlement awards.
If you’re in the construction business, liability insurance should be a no-brainer. Talk to your E&O provider today about how you can best protect your business, your finances and your reputation.