Do engineering consultants receive insurance from their employers?
Engineering consultants sometimes receive liability coverage from a hiring company, but this isn’t always the case. Whether a company’s own policy provides insurance for engineering consultants depends on the terms of the policy and how an engineer is hired.
Engineers who work as independent contractors may receive insurance coverage in some situations, but coverage is far from guaranteed. Engineers who are actual employees are much more likely to get insurance coverage through their employer’s policy, but coverage isn’t guaranteed.
In either case, any employer-provided insurance for engineering consultants comes with three notable limitations. An employer’s policy:
- May have lower limits than an engineer would like
- Usually won’t cover side gigs or pro bono work
- Might cover the employer first if multiple parties are sued
Before relying solely on an employer’s policy, engineers should first assess their coverage needs with an agent who knows engineer consultant insurance well. An informed agent will have the expertise necessary to help engineers make sure they’re well protected whenever they offer consulting services.
How much do policies that offer insurance for engineer consultants cost?
Premiums for engineer consultant policies vary, as they’re based on many factors. Engineers can find out how much a policy would cost them by comparing quotes with an independent insurance agent. Independent agents are able to compare quotes from multiple insurers, which makes assessing premiums easy.