EngInsureInsight Articles Archives

A Guide to ‘Named Insured’ and ‘Interested Party’ for Engineers

Insurance contracts play a pivotal role in the risk management strategies of businesses, and engineering firms are no exception. It [...]

Solving the Insurance Challenge for Engineering Businesses

Engineering firms play an integral role in designing, building, and maintaining critical infrastructure, from power plants and bridg[...]

Solving the Insurance Challenge for Engineering Businesses

Engineering firms play an integral role in designing, building, and maintaining critical infrastructure, from power plants and bridg[...]

Revisiting your professional indemnity insurance policy?

Keep these points in mind… Many underwriters who exited the market during the pandemic are now re-entering, and with premiums [...]

Discover how risk management considerations can help you better approach future contracts.

While there are no guarantees, implementing strong risk management measures when drafting contract with clients can help engineers a[...]

Insurance claims against Australian engineers continue to rise

Engineers assess risks for a living, but the cost of failing to adequately protect your practice presents unexpected problems. Imagi[...]

Free webinar: How engineers can navigate the PI Insurance storm.

Engineers across many disciplines are grappling with skyrocketing Professional Indemnity (PI) Insurance premiums and unprecedented m[...]

Is it common for Professional Indemnity Insurance coverage to be changed by the insurer without notice?

Under the current insurance market conditions, it is becoming increasingly common for engineers to find their PI Insurance cover has[...]

The question isn’t “do you have Cyber Insurance?”… It’s “what are you doing without it?”

Cyber-attacks are ranked as one of the top three business risks globally for 2021 (Allianz Risk Barometer, 2021). Engineering busine[...]

Who needs Professional Indemnity Insurance?

Any company or individual that provides professional advice or services can be held liable for financial loss that occurs as a resul[...]

Why are my PI Insurance premiums so high when I don’t consider myself a ‘high risk’ business?

A large number of engineering businesses across many different disciplines are currently grappling with sky rocketing Professional I[...]

Insurance Health Check for engineering business owners.

Does your Business Insurance still align with your risk exposures? The risks your engineering firm faces are continually evolv[...]

How much Professional Indemnity cover does an engineer need?

“What limit of Professional Indemnity (PI) Insurance cover do I need?” You’re not alone, this is a question asked by a vast nu[...]

The risk an engineer takes on without Run-off PI Cover.

Are you in the process of closing or selling your engineering business? Or perhaps you’re not working as an engineer for a period [...]

The risks of cancelling Professional Indemnity cover

Cost pressures are mounting for countless businesses during this challenging economic period, thrust upon us by COVID-19. And while [...]

COVID-19: Cyber Insurance more important than ever when working from home

Since the COVID-19 Pandemic hit Australia, cybercrime has increased dramatically. As more and more Australians work remotely, and re[...]

Tackling the challenging PI Insurance market

Professional Indemnity (PI) Insurance has been a point of pain for a vast number of engineers over the last 12 -18 months, and conti[...]

Potential professional indemnity claim? Four steps to follow if your business receives a letter of demand.

If a third party believes you or your engineering firm are responsible for loss or damage through an alleged breach in your professi[...]

EngInsure’s response to COVID-19

As the global Coronavirus (COVID-19) pandemic continues to evolve, we want to share with you some important information regarding th[...]

Coronavirus & Travel Insurance

Coronavirus (COVID-19) has been declared a Pandemic, and is causing of great deal of unease within the community. Aside from the sig[...]

Coronavirus & Business Insurance

With Coronavirus (COVID-19) officially declared a Pandemic in March 2020, and the landscape changing almost hourly, there is an air [...]

Understanding PI insurance: How to stay covered

Professional indemnity (PI) insurance can keep you covered for past projects and well into the future, as long as you follow some ke[...]

5 important tips for claiming on your Professional Indemnity Insurance

In our experience, there are 5 common areas we see many engineers being let down by their Professional Indemnity (PI) policy. With a[...]

Professional Indemnity Insurance Tips

Know what to look out for when it comes to Professional Indemnity Insurance… 1. Business activities Your business description [...]

Premium Funding: Making your business insurance cover more affordable

When it comes to your engineering firm’s business insurance premium, it can often be an inconveniently large lump sum. Premium[...]

Mandatory Data Breach Notification laws: Tips to protect your business

22 February, 2018 saw the Australian Government enact the Notifiable Data Breaches (NDB) scheme, requiring any organisation affected[...]

Understanding and managing contract risks

Smaller engineering companies can sometimes expose themselves to significant financial liabilities by not properly examining propose[...]

5 important tips for claiming on your Professional Indemnity Insurance

In our experience, there are 5 common areas we see clients being let down by their Professional Indemnity (PI) policy. With allegati[...]

Does your business have a risk register?

A simple risk register could prevent potentially catastrophic outcomes. What is a Risk Register? A Risk Register is a central reposi[...]

Professional Indemnity Insurance – Frequently Asked Questions

Why is PI insurance required? Professionals such as engineers are considered experts in their field, and as such are presenting them[...]

Insurance + Risk Services

Insight Articles

A Guide to ‘Named Insured’ and ‘Interested Party’ for Engineers

Solving the Insurance Challenge for Engineering Businesses

Solving the Insurance Challenge for Engineering Businesses

Revisiting your professional indemnity insurance policy?

Discover how risk management considerations can help you better approach future contracts.

Insurance claims against Australian engineers continue to rise

Free webinar: How engineers can navigate the PI Insurance storm.

Is it common for Professional Indemnity Insurance coverage to be changed by the insurer without notice?

The question isn’t “do you have Cyber Insurance?”… It’s “what are you doing without it?”

Who needs Professional Indemnity Insurance?

Why are my PI Insurance premiums so high when I don’t consider myself a ‘high risk’ business?

Insurance Health Check for engineering business owners.

How much Professional Indemnity cover does an engineer need?

The risk an engineer takes on without Run-off PI Cover.

The risks of cancelling Professional Indemnity cover

COVID-19: Cyber Insurance more important than ever when working from home

Tackling the challenging PI Insurance market