Engineers’ Professional Indemnity Insurance
Protect Your Business with Professional Indemnity (PI) Insurance
Professional indemnity (PI) insurance is often a compulsory purchase for Engineers to comply with their respective professional bodies or contractual obligations.
As an Engineering firm, your business provides professional advice, offers consulting services, and handles data for a client, so you could benefit from professional indemnity insurance cover arranged by Aon which includes protection for your business against:
- Professional negligence / civil liability
- Defence costs
- Loss of documents or data
- Infringement of copyright
- Defamation, libel and slander
- Adjudicator’s awards under the Housing Grants Construction and Regeneration Act
Aon will discuss any exclusions or limitations that may apply to your policy as part of your quote.
Engineers’ professional indemnity insurance is arranged by Aon UK Limited which is authorised and regulated by the Financial Conduct Authority.
Why Choose Aon?
As one of the UK’s leading insurance brokers (in the top 5, as ranked by brokerage, Insurance Times, October 2022), we pride ourselves on our ability to build strong and enduring relationships with our clients;
92% of our clients are satisfied with the service that they receive from Aon (Aon Customer Satisfaction Survey May 2023).
It is our mission to help you better manage your risks so you can focus on running your business. We understand your industry and the challenges you face and can arrange insurance cover especially developed for Engineers that helps you to make better business decisions.
We have multiple routes to insurer markets and we are the only broker with access to Arch insurance’s enhanced professional indemnity offering for engineers.
With us you will benefit from:
- The support of a dedicated client manager to provide advice and help you arrange your insurance cover
- Support when making a claim
- Access to a full range of insurance covers
- The backing of an established global network
In addition to arranging PI insurance, we also offer access to a range of other insurance products including:
- Office insurance (If you work at a business premises or at home)
- Cyber insurance (for professional firms)
Your Questions Answered
Frequently Asked Questions (FAQs) about Professional Indemnity insurance for Financial Advisers.
What is Professional Indemnity insurance?
Professional Indemnity insurance provides cover should a third party suffer a financial loss as a result of your professional error, omission or negligence.
What limit of indemnity do I need?
We recommend you check your institute’s guidelines. It is always good practice to review your contracts both pending and current to assess whether your limit of indemnity is sufficient.
Will my policy cover my past work?
The policies we arrange provide cover retrospectively, subject to policy terms and conditions.
Would my policy respond if I have a claim for work I undertook three years ago before I moved to Aon?
Professional indemnity is constructed on a claims made basis and 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.
How do I make a claim?
In the event of a claim, notify your Aon client manager who can guide you through the process as soon as possible.
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