Coverages Available for Engineers in Winnipeg
At EasyCover, we offer the following insurance protection for engineers in Winnipeg:
- Professional liability insurance (often known as errors and omissions or E&O insurance)
- Commercial general liability insurance (often known as CGL)
- Cyber liability insurance
- Directors and officers insurance
Each of these coverages is designed to protect your business from a specific type of liability risk. We describe them in more detail below.
Professional Liability Insurance for Winnipeg’s Engineers
Professional liability insurance covers engineers in Winnipeg if they’re sued for causing financial loss to a client as a result of their professional service or advice. Your legal expenses are covered up to your policy limits, including defence costs, judgement awards and settlements.
We offer three optional limits of professional liability insurance coverage at EasyCover:
This is the maximum amount that you would receive for all claims incurred in the 12-month policy period, regardless of the number of claims made.
Our coverage is retroactive which means you’re covered for claims made during the policy period arising from your actions prior to the purchase date of this policy. Keep in mind you will need to disclose any known circumstances that could result in a claim and inform your insurer of any new potential claim situations that arise.
Commercial General Liability Insurance for Engineers in Winnipeg
CGL coverage is designed to protect your business if a third party is hurt or has their property damaged as a result of negligent acts by you or an employee. This is a very common business insurance coverage.
For example, let’s say you’re leading your client around a worksite and they trip and fall, injuring themselves. They could sue you – commercial general liability insurance would help cover your legal expenses.
Cyber Liability Insurance for Engineers in Winnipeg
Cyber-attacks and data breaches happen to businesses of any size. This coverage helps you recover after such an event, helping with legal expenses, public relations, regulatory fines and other related costs (up to your policy limit).
Directors and Officers Insurance for Winnipeg Engineers
If you’re held personally responsible for breaching your duties or responsibilities as a director or officer, this coverage helps cover your legal expenses and protects your personal assets.
Note: Criminal offences are not covered.