Engineers Professional Indemnity Insurance
PI Insurance for Engineering Practices
Professional Indemnity (PI) insurance is mandatory for many professions.
If your business provides professional advice, offers consulting services, or handles data for a client, then you could benefit from Professional Indemnity insurance cover which protects your business against:
Practicing firms of Engineers:
Aon is one of the UK’s largest insurance brokers (ranked 3rd by brokerage, Insurance Times, August 2016).
We pride ourselves on our ability to build strong relationships with our clients; our retention rates* are proof of our strong rapport in this price drive market place.
In addition to arranging PI insurance, we also offer access to a range of other insurance products including:
*On average 90% of our clients choose to stay with us (Construction retention rate year to date December 2016)
The below Product Summary provides an overview of the policy cover and the Documentation section provides the documents you will need to obtain a quote.
Firms with a fee income under £250K pa
Firms with a fee income over £250K pa
Frequently Asked Questions (FAQs) about PI insurance for Engineers
Professional indemnity insurance provides cover should a third party suffer a financial loss as a result of your professional error, omission or negligence.
We recommend you check your institute’s guidelines. It is always good business practice to also review your contracts both pending and current to assess whether your limit of indemnity is sufficient.
The policies we arrange are fully retro-active providing cover retrospectively, subject to policy terms and conditions.
Professional indemnity is constructed on a claims made basis and therefore it is the policy in force when the claim is made, which would respond regardless of when the work was undertaken, subject to policy terms and conditions.
In the event of a claim, notify Aon Claims Solutions (ACS) as soon as possible. Any notifications must be made to:
Call: 0207 086 4099
N.B. If you decide to email your claims notification to ACS, please ensure that the message is received safely by requesting a confirmation of email receipt.
Engineers Professional Indemnity insurance is arranged by Aon UK Limited and underwritten by Maven Underwriters, which is a Managing General Agent operating under a delegated underwriting and claims authority on behalf of the insurer’s. Maven Underwriters is a trading name of Aon UK Limited, which is authorised and regulated by the Financial Conduct Authority.