Professional Liability Insurance for Saskatoon Engineers

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A young female engineer smiling in her office.

As an engineer, you can be held liable for causing financial loss to a third party as a result of your services or advice. Professional liability insurance in saskatoon can help reduce the financial impact if this happens. At EasyCover, we make it simple for Saskatoon’s engineers to get professional liability insurance. You can get a quote or purchase a policy online in minutes. You’ll have peace of mind that you’re covered and can take care of your insurance when it’s convenient for you. 

The Basics of Professional Liability Insurance for Engineers in Saskatoon 

Professional liability insurance for Engineers helps cover legal expenses if an engineer is sued for causing financial loss to a third party due to their service or advice. This includes defence costs, judgement awards and settlements. For example, let’s say an engineer is accused of making a mistake. This has caused their client to lose revenue and pay to fix the mistake. The client decides to sue to make up for these costs. The engineer’s professional liability insurance can help cover their defence costs as well as any settlement or judgement awards.  

At EasyCover, we offer three optional limits of professional liability insurance for engineers in Saskatoon: 

  • $1,000,000 
  • $2,000,000 
  • $5,000,000 

Choose the amount of coverage that reflects your company’s needs. Consider the likelihood of a lawsuit and the average cost of lawsuits in your industry. You should also take into account the number of clients you have, the value of each contract or project and your annual revenue.  

All of EasyCover’s professional liability insurance policies include retroactive cover. This means that as long as you have a policy with us in effect, all of your work is covered. That means if a client from a few years ago accuses you of making a mistake that cost them money, your current policy would respond. Make sure you disclose any potential claims when you purchase your policy!  

Four Reasons Saskatoon Engineers Should Have Professional Liability Insurance 

  1. It’s required by a professional association or regulatory body. 
  2. It’s required in a contract.  
  3. You couldn’t afford to cover the costs of a lawsuit out of pocket.  
  4. It is appealing to potential clients. 

The Cost of Professional Liability Insurance for Saskatoon Engineers 

Professional liability insurance starts at $440 per year for engineers in Saskatoon. However, your costs may be higher depending on your specific business operations, annual revenue, if you have employees, if you operate outside of Saskatchewan and your insurance options.  

Here are some examples of what engineers in Saskatoon could expect to pay for professional liability insurance: 

  • An acoustic engineer making $105,000 each year could expect to pay $660 per year for basic professional liability insurance. 
  • A petroleum engineer earning $240,000 each year can expect to pay $2800 for basic professional liability insurance. 

We offer cyber liability as an add on for $150 per year; commercial general liability starting at $220 per year, and directors and officers liability starting at $150 per year.  

Saskatoon Engineers Insured by EasyCover 

We’re able to offer the following types of engineers in Saskatoon professional liability insurance:

  • Acoustic engineer 
  • CAD/CAE engineer 
  • Chemical engineer 
  • Civil engineer  (excluding structural) 
  • Draughtsman 
  • Electrical engineer 
  • Electrical inspectors/appliance testers 
  • Expert witnesses (engineer) 
  • Feasability studies 
  • Geologist 
  • Health and safety consultant 
  • Heating and ventilation engineer/HVAC engineer 
  • Mechanical engineer 
  • Mining engineer 
  • Oil/gas engineer 

If your specialization isn’t listed here or you have more than two employees, contact us! We’ll see what we can do or refer you to a trusted industry partner.  

Protect yourself against the unexpected.

Protect yourself against the unexpected with Professional Liability Insurance for Saskatoon Engineers from EasyCover.

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