Due to the nature of work many engineers carry out, they have a crucial duty of care to a wide network of people – including clients, contractors, additional consultants and members of the general public.
As well as covering the physical risks associated with projects involving construction or architectural work, a tailored insurance solution can protect engineers who are also required to offer advice and direction.
Without an adequate level of cover, an engineer can be susceptible to some very serious risks and liabilities, take Anthony for example;
Anthony, a structural building engineer was hired to conduct the final inspection of a building after the completion of a large renovation. Upon inspection, Anthony found several minor items to address which he included in his final report. He had also noticed that the floor beams of the structure were sagging slightly, however, given that this was an older building with wooden beams, Anthony didn’t feel that it compromised the structure and did not include this in his report. Two weeks after the inspection, the building collapsed inward due to a weakening of the interior floor beams. The damage caused to the structure was beyond repair and there was also some damage to the neighbouring building. Anthony was named in a lawsuit and accused of improper a negligent inspection, being held partly liable for the replacement cost of the structure, the damage to the neighbouring building and associated legal costs. All of which would be paid by the insurer (with the exception of the engineer’s deductible), had he been covered.
Don’t be caught in the trap of underinsurance. Professional indemnity insurance covers engineers for the advice and direction they are required to give, whilst public liability insurance covers engineers should they be liable for any third party injury or property damage while they are on-site.
In such a diverse profession including industries such as chemical, forensic, landscaping electrical and civil – it’s important to have a clear and thorough understanding of the specific type of insurance solution required.
Calculating the correct amount of cover for your engineering business can be a tedious and complex process, and trying to do it on your own can be a recipe for disaster. Talk to an Adroit Insurance broker about customising a peace of mind insurance policy to fit your exact needs today!
There a number of prevalent yet often overlooked hazards in the home that can have the potential to cause some serious safety issues for your family. It’s important to be aware of these hazards to prevent accidents or injuries from occurring.
Below are 5 hazards to be aware of around the home, along with some of the top ways you can minimise them.
- Ensure there are fire or smoke alarms installed in your home and check the batteries regularly.
- Never leave candles or oil burners unattended.
- Unplug appliances after use and ensure electronic charging devices are not left plugged in when no one is home.
- Keep all poisonous materials (like heavy cleaning products, insect killer, etc) in a safe place, preferably high up and out of reach of young children.
- Never empty poisonous materials into unlabelled containers as they can easily be mistaken for other things.
- Ensure all medication is secured and out of easy reach from children.
- If you have a pool, make sure you have a regulation fence which is kept closed at all times.
- Empty small leisure pools immediately after use and monitor young children in and around water, especially in the bath. Remember, children can drown in less than 6cm of water.
Slips & Falls
- Keep steps and pathways leading to the house and interior staircases clear from debris and clutter to avoid tripping and falling down the stairs.
- In wet areas such as the bathroom, ensure there are non-stick bathmats on the floor, and even on the bottom of the tub.
- Ensure wet areas, such as bathrooms, are properly ventilated, and regularly open the windows in bedrooms to encourage natural air circulation throughout your home.
- Immediately remove any mould you notice it around the house, calling a specialist where necessary.
With an increased awareness of potential household hazards like these, you may be able to prevent certain things from going wrong, however, it’s impossible to predict everything. Home and Contents insurance gives you financial protection for your home and possessions should an unexpected event occur.
Keep your home and contents safe!
Damon Edwards, manager of our Ballarat branch lends his thoughts to the Adroitness blog. Here, Damon talks of the devastating Victorian bushfires over the holiday period and how the insurance industry is helping families deal with such disasters.
As the holiday season approaches, we’re all a bit inclined to relax, zone out and enjoy ourselves in the glorious Aussie sun. But not so fast!
This time of year brings with it some risks that must be properly addressed if you are to start the New Year on a positive note. We’ll look at two main risks you must consider over the summer and what you can do about them.
There are many misconceptions around about the cover afforded to not for profits under the Limited liability provisions of an incorporated body. The reality is that you hold the same responsibilities at law as a director of a publicly listed company and your personal assets may be at risk.