About engineering insurance

No engineering project is without its risks: a single mistake or accident can cause costly delays, safety concerns or financial losses for you or your client. Before a project is complete, it's touched by many people in many disciplines, and mistakes can be made at any point in a project's timeline. But as the engineer, there's a good chance you'll be drawn into any disputes related to your projects. Protect your engineering business from losses and lawsuits with commercial insurance from Business Insurance Now. Start with us for quality insurance at competitive rates, and you'll stick with us for prompt, friendly customer service and support. The engineering insurance experts at Business Insurance Now can get your business covered, fast—at a great rate.

Engineering insurance provides protection against mechanical or electrical breakdown of machinery and plant equipment such as lifts, boiler systems and electrical equipment in the workplace. Cover extends to self-damage, damage to surrounding property, third party risks and engineering interruption insurance. The principal risks covered are against explosion and collapse, breakdown, sudden and unforeseen physical damage and fragmentation risk.

A well-known dictionary defines engineering as “the activities or functions of an engineer“ and “the application of science and mathematics by which the properties of matter and the sources of energy in nature are made useful to people in structures, machines, products, systems and processes”. Both of these definitions have a strong relationship to the words “engineering insurance”, which the insurance industry uses as a collective term to describe various types of policies for the protection of construction works, as well as the erection and operation of machinery.

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