Business Insurance Now Offers Engineering Insurance

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Business Insurance Now expands its offerings with affordable business and personal insurance for small engineering firms and solo engineers.

We are happy to work with both licensed and unlicensed firms to get them the coverage they need

Business Insurance Now has a new offering just for independent engineers and small engineering firms: affordable insurance policies designed specifically to meet their business needs. The leading web-based insurance agency now provides the two most important types of engineering insurance - professional liability and general liability insurance - underwritten by highly rated insurance carriers that specialize in insurance for the engineering market.

"Engineering can be a high-liability and high-risk field, so getting the right insurance coverage is especially important for small engineering businesses, which could be put out of business by the cost of defending just one claim," says Jim Cochran, president of Business Insurance Now. "We were contacted over and over by small firms seeking engineers' insurance, so we sought out the leading carriers in the industry in order to be able to provide best-of- class coverage."

Often, independent engineers and small engineering firms' work is contingent on signing client contracts that require them to show proof of insurance, particularly professional liability or errors and omissions coverage. This kind of insurance reduces engineers' liability by covering the high cost of lawsuits related to errors and omissions on the job. In many cases, engineers' contracts require them to continue their engineer professional liability insurance coverage for years after a job is complete, to reduce the risk associated with any problems with the work that may become apparent in the future.

But even though their contracts require coverage, many small engineering companies may have a hard time finding engineer liability insurance coverage because they're unlicensed or have a low volume of work. With Business Insurance Now, that's not a problem.

"We are happy to work with both licensed and unlicensed firms to get them the coverage they need," Cochran says. "We also welcome the smaller firms that many larger agencies and carriers might turn away."

Many engineering contracts also require engineers to carry general liability coverage for claims of property damage or bodily injury. Such engineer liability insurance policies cover court and legal costs for a defense, as well as medical expenses for anyone who might be injured on the engineer's property or while doing business with the engineer. Such policies may also include coverage for the engineer's business property, protecting against the risk of theft, as well as coverage for business interruption as a result of a disaster, such as a fire. Engineers can also elect to buy umbrella coverage, which provides up to $10 million in additional general liability protection. Both general liability and professional liability are important for comprehensive business insurance for small engineering firms and solo practitioners.

Through Business Insurance Now, engineers now have a single, affordable source for both professional liability and general liability insurance. Business Insurance Now also offers many other types of small business insurance policies engineers may require, such as non-owned auto liability insurance, workers' compensation insurance and employment practices liability insurance. For customers looking for personal insurance coverage, affordable auto insurance and homeowner's policies are also available.

Business Insurance Now also offers professional insurance policies designed for related professions, such as civil engineers, structural engineers, draftsmen, designers and architects.

Customers can often apply for and start their engineering insurance coverage in the same day. Business Insurance Now will obtain and compare quotes and coverages from leading carriers, and will help the customer select coverage for his or her business and budget. Customers will also have the confidence and convenience of having a single Business Insurance Now account professional assigned to help them before and after coverage is started. To learn more or get a free, no-obligation quote, engineers can visit http://www.businessinsurancenow.com/Engineers.aspx.

About Business Insurance Now: Business Insurance Now is a Web-based e-agent that offers office and professional groups fast, easy, one-stop shopping for all their property and liability insurance needs. Business Insurance Now offers free, no-obligation quotes and the option to implement coverage immediately. For more information, please visit http://www.businessinsurancenow.com.

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Jim Cochran
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