Professional Liability Insurance for Architects and Civil Engineers

You get coverage for your Legal Liability for compensation to customers and other persons for claims related to the breach of your professional duties due to negligent act or omission and Defence Expenses which have been approved by the Company.

You may also include additional coverage for: 

• • Loss of Documentation
  • Consortium Liability
  • Derogation 
  • Mergers
  • Acquisitions
  • Sub-contractors

The deductible amount is the amount or percentage that is not covered and/or deducted from the amount for each claim separately.

There is a detailed list of coverage limitations in the insurance policy.

• To provide all the information required in the insurance policy or any other Form in full clarity
• Pay premiums according to the payment plan as listed on your insurance policy table
• Take all necessary measures to avoid bodily harm, loss or damage and comply with the provisions of the legislation
• Notify the company in case of change that will increase the level of risk
• Refer to the Company immediately and provide them with full details of the claim in writing
• Take reasonable precautions to prevent or reduce the claim extension
• Non-acceptance of liability, offer, promise or payment without the written consent of the Company
• Comply with the terms of the insurance policy

Engineers’ liability insurance protects engineers against lawsuits brought by clients who claim that the project was not up to the standards, delivered late, or even was never delivered.

An engineer in Cyprus can opt for a well-rounded insurance pack that may include professional liability insurance policies, business insurance, general liability insurance, workers’ compensation insurance, commercial property insurance, and more. The type of insurance suitable for your case depends on many factors, such as whether you are an independent contractor or part of a big engineering firm.

Engineers usually suffer from claims due to malpractice or negligence while they are doing their job. The fact that their work involves technical details means there is always a chance for a small error to occur, which unfortunately can have really expensive consequences.

Negligence in engineering means that the engineer failed to deliver the project right or on time, or the structure they made is found to be unsafe for people. In general, professional malpractice means that the professional did not show the care, knowledge and judgment required for the protection of the rest of the community.

Engineer liability insurance is not compulsory in Cyprus. However, it is crucial for engineers to be insured for claims made against them due to malpractice or negligence that resulted in people suffering injury, property damage or even death.