As an engineer, your field is one of the most important in the world but also one of the most thankless jobs as well. If you do a good job, people barely even notice. However, make just one mistake and it can put you in a world of trouble.
Engineers face risks at every stage of their work and with the amount of money involved with each project, the liability could cost tens and hundreds of thousands of dollars, if not millions.
To avoid having to pay for damages like these out of pocket, it's highly important that an engineering consultant or contractor has at least some knowledge of the types of insurance they should consider carrying.
Types of Engineering Insurance
Finding the best engineering insurance means that first you must know your business and the different risks that you could face at any given moment. The good thing is that, as an engineer, you are no stranger to having a strong plan to work with.
*It's important that you work with an agent so that you can evaluate your risks carefully. It's very common that a few areas are overlooked when considering the types of risks you face in your business. An agent will know what questions to ask to make sure you don't miss any fine details.
What is Errors and Omissions Insurance?
Errors and omissions insurance is a type of professional liability insurance that helps protect business owners who provide advice and services. It's needed in any situation that your business could be found legally liable for faulty advice or for negligence when it comes to a professional service.
It helps to protect businesses, workers and other types of professional service providers from claims made by clients.
How Does Errors & Omissions Insurance Work?
What Is Builder's Risk Insurance?
Builders Risk insurance is coverage that protects a person or company from loss during construction or renovation of a building.
It’s also known as inland marine coverage or course of construction insurance interchangeably.
What Does Builder's Risk Cover?
Builders risk covers the insurable interest in materials, fixtures and equipment before, during or after installation during a construction or renovation project.
When Is Builders Risk Insurance Needed?
Lot’s of our customers want to know how to lower heating bill in the winter.
While you can't avoid using heat in winter, homeowners can take simple and inexpensive steps to save energy and cut home heating costs.
Heat: it's the single largest energy expense in your home according to ENERGY STAR™, a program of the U.S. Environmental Protection Agency (EPA).
I was shocked when I saw it…
It was just in time for Christmas but it definitely wasn’t a “gift” by any sense of the word.
It was a heating bill just under $700!
It was a few years ago and but I’ll never forget the feeling of seeing a huge heating bill in the mail.
So with this article, We’ll go over 8 simple tricks to lower your heating bill this winter.
8 Tricks To Keep Your Heating Bill In Check
How Common is Car Theft?
In 2015, a car was stolen about every 45 seconds, according to statistics released by the FBI. In all, more than 700,000 vehicles went missing for a total of $4.9 billion in losses.
You might think that most of these cases start with someone smashing a window and hot wiring the car like they do in the movies but that's not the case at all!
Keyless Car Theft Hacked On Camera in 35 Seconds
In just a matter of seconds these criminals stole a car from the front of a home. They didn't need to break anything. They used what looked like an Ipad case to bypass the key fob then drove off before anyone could ever know what happened.
Terrific Tools to Prevent Car Theft
If you are trying to learn more about flood insurance coverage requirements then you’ve come to the right place.
Most likely you are in the middle of purchasing a home and found out that your lender requires you to carry flood insurance for the home you are purchasing.
Now, you’ve got questions swirling around your head about flood insurance, requirements and more.
In this article we hope to demystify flood insurance so that you have a better understanding about flood insurance, it’s requirements and how much flood insurance you will need.
Is Flood Insurance Required?
Sometimes we all do risky things in cars, however, teens seem to be much more prone to certain dangerous behaviors.
These 7 things are some of the most common dangers teen driver expose themselves to.
Risky Behavior 1: SKIPPING SEAT BELTS
More than a half of teens killed in crashes weren’t wearing their seat belt.
Safety Tip 1: Buckle up: every person, every time
Get your teen in the habit of making sure everyone in the car is buckled into their safety belt. Don't even pull out of the parking spot if even one person doesn't have their seatbelt buckled.
There are 15 types of people who absolutely must consider an umbrella insurance policy if they want to make sure that they have the right amount of protection that they need to control and protect their families and their assets from loss.
In this article, we will talk about who these 15 types of people are, as well as how umbrella insurance works and what you need to do to get the right amount of coverage at the most competitive rates on the market.
How Umbrella Insurance Works
We have 9 days until Summer officially starts, which means that it’s time to get those swimming pools ready. Travelers Insurance has a few tips to help homeowners get those pools primed for the season.
Remove and Store the Cover
To start, you may need a couple of people to help you clean the debris from the pool cover and remove it from the pool. Then, thoroughly clean the cover then, once it's completely dry, sprinkle talcum powder on it. This will help prevent mold and mildew. Finally, loosely fold and store it in a cool, dry area.
Congratulations! You’re a landlord. Whether by choice or out of necessity, being a landlord can present plenty of new obstacles and challenges for anyone who is renting out their first property.
The good news is that the rental property can give you a good way to make extra income on the side.
The bad news, it’s going to require you to have a strategy for dealing with the unforeseen stumbling blocks in your new venture.
If you are going to be a landlord you need to know a little bit about the risks that you will potentially face and how you can protect yourself from them.
Here are some things you should consider...
Landlord insurance vs homeowners insurance