Engineering work in mining and resources can attract additional Professional Indemnity underwriting because projects may involve high values, complex industrial processes and significant operational consequences.
Insurers may consider:
- mine design and planning
- processing plants
- materials handling systems
- tailings or water management
- mechanical and electrical systems
- structural engineering
- oil and gas or petrochemical work
- project values and geographic locations
The type of services provided is particularly important. An engineer providing a narrow specialist design service can present a different exposure from a consultant responsible for broader design, coordination or project management.
Insurers may also ask about overseas work, contractual requirements, the firm’s experience and whether projects involve hazardous or critical operations.
Detailed information about the firm’s scope and project history can help insurers assess the risk accurately.
