Engineers, architects and design professionals put their livelihood on the line every time they doodle up a building plan or design a product, unless they are properly insured with professional liability coverage. An insurance agency that offers a miscellaneous professionals program must be a part of any professionals repertoire in order to protect them against substantial loss in the event of an incident.
Errors and Omissions coverage is generally required on any professionals work on a project of any scale; the amount of coverage required will fluctuate based on the size and cost of the project. If youre seeking E&O coverage, youll want an agency that can tailor your policy to fit your needs and the needs of your usual clients. Look for an insurer with reputable underwriters and a solid A.M. Best rating, as that will give you an idea of the quality of the insurance and the integrity of their policies. You may need coverage specific to your type of work, so be sure that your agency is well schooled and provides some expertise in your field. A solid miscellaneous professionals program will offer coverage for other events as well, like cyber exposure if required. Professional insurance coverage can and should be optimized for you and your firm.