As an engineer, you might not really think that it's necessary for you to have liability insurance. In fact, you might generally think of construction companies and other similar companies when you think about businesses that have professional liability insurance. However, as an engineer, it is important for you to have this insurance coverage, too. Not only is it potentially required by your state or local government in order for you to operate as an engineer, but it might also be required by your trade association. Plus, your customers will probably feel better if you have this coverage, and you can make sure that you protect yourself and your business by having this coverage, too. For example, these are some of the situations that professional liability insurance might help you with as an engineer.
A Contractor Didn't Follow Your Plans
If you do your job properly and submit the appropriate plans for an engineering project that you are working on, you might not think that you will have any liability in the situation if something else goes wrong. After all, you might not be able to imagine why you would be held responsible if a contractor made a big mistake, such as if they misread your plans and bought the wrong materials or made some sort of mistake when performing the construction part of the project.
However, even if you probably shouldn't be sued in this type of situation, it doesn't mean that you won't be listed on the lawsuit. Even if you eventually win the lawsuit, you have to worry about legal costs in the meantime. In this type of situation, you will probably be glad to have professional liability insurance to help you out.
You Made Mistakes With Your Plans
You also have to worry about the possibility of facing a lawsuit if you make a mistake with your plans. Of course, you might have undergone the appropriate training so that you are very good at what you do. You might also make it a priority to do everything right for your clients. However, there is still the possibility that you will make mistakes along the way.
For example, you might end up drawing up your plans in the wrong way, which means that a lot of expensive labor and material costs are wasted. You could even design something in a way that is dangerous, which could lead to someone getting hurt. If something like this happens, having professional liability insurance is a good way to make sure that you're protected.
For more information, contact a professional liability insurance provider today.