Gas Engineer Insurance & Gas Fitter Insurance

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Skilled labor is becoming increasingly valuable in the United States, with plumbers, electricians, carpenters, handyman and other tradesmen being in high demand due to the large number of younger people avoiding these jobs. Gas engineers fall under the same envelope, and they need insurance just as much as the next skilled professional.

Over the course of this guide, we’re going to explore what you need to hear about getting gas engineer or gas fitter insurance. We’ll cover the various kinds of coverage that you can get your hands on as well as the average cost of gas insurance. We’ll start off by taking a look at  gas engineer liability insurance.

Also read:

• Engineering Consultant Insurance: Liability & Quotes from $11

Gas Engineer Liability Insurance

General liability insurance for gas engineers is the most common form of liability coverage, and where general liability insurance differs from other kinds of coverage is in what type of claims it covers. 

General liability insurance will kick in if you’re liable for injuries or property damage sustained by a great range of parties that are involved with your business activities. For example, general liability protects your gas business from any lawsuits from members of the public (in this case, your customers) who are injured or had their property damaged on the premises of your business. It also provides protection from lawsuits coming from other business owners, vendors, contractors, and more.

Personal injury claims and property damage claims aren’t the only exposures your business might face. That’s why general liability insurance has optional policies such as:

• Advertising injury coverage

• Rented premises liability coverage

• Products and completed operations coverage

Someone might sue you for slander, libel, copyright infringement and reputational harm. In connection, the purpose of advertising injury coverage is to pay for your defense costs and compensation to the aggrieved party. 

Rented premises liability coverage, on the other hand, will be useful if you’re renting a commercial space. The job of this optional policy in general liability insurance is to cover costs when the rented commercial space gets damaged and the landlord demands you reimburse his losses. 

Your service might cause damage or personal injuries to a client after a project was completed. The function of products and completed operations coverage is to cover personal injury claims and property damage claims past clients filed against you. 

Note that not only you benefit from general liability insurance but also civil engineers, electrical engineers, structural engineers, and mechanical engineers.

Public Liability Insurance for Gas Engineers

Most smaller gas engineering businesses tend to purchase public liability insurance instead of general liability because they only need to be covered from personal injury claims and property damage claims from third parties.

Where public liability differs from general liability is in its limited coverage. First off, public liability insurance only covers personal injury claims and property damage claims from members of the public.  But what does the term “members of the public mean” anyway? 

A member of the public is essentially anyone who isn’t employed by your business. For example, this kind of insurance will apply to your customers and even people employed by other companies who are on the premises of your business. For example, if someone comes to deliver some tools and ends up getting hurt, they’ll be covered by your public liability policy.

Going back to the topic, another reason why public liability insurance is less comprehensive than general liability insurance is that you can’t add optional policies to it. Public liability insurance is already as it is. On the other hand, you can upgrade general liability insurance so that it provides coverage against more exposures. 

Professional Liability Insurance for Gas Engineer

Sometimes, your work might not meet the expectations of some clients. As a result, they’ll have to spend money to correct some of the output you provided. You’re lucky if you work with clients who understand that mistakes sometimes happen But if not, expect someone to sue you for negligence or errors and omissions. 

General liability insurance doesn’t cover claims filed because of alleged negligence or errors and omissions. Instead, the insurance policy that will help is professional liability insurance. Professional liability insurance covers defense costs and settlements if you’re being sued for negligence, misrepresentation, violation of good faith, and other acts constituting errors and omissions. 

Gas Engineer Insurance Cost

In general, the average gas engineer insurance cost is about $34 per month or $408 per year for a $1 million general liability insurance coverage.

That said, the cost of gas engineer insurance depends on a wide range of factors that are sometimes out of a business’s control. For example, the size of your business will influence the cost of your insurance because a larger business will be more likely to end up in a situation where they need to be covered.

It’s a pretty simple premise. If you’re taking on more jobs at a time, then you’re more likely to end up with a client who gets injured or has their property damaged and you’re held liable for it. Of course, the cost of your insurance also depends on the carrier that you’re working with.

Some carriers may have more expensive premiums but they’ll offer better customer service and claims processing speeds. Whether or not this is worth the extra money depends on how many hoops you want to jump through when you finally need to rely on your insurance. Most of the time, it’s worth going with a carrier that has your best interests at heart.

Finally, your business’s history will also play a role in how much you can expect to pay for your insurance coverage. For you to have more idea about the cost, we made a table showing the best gas engineer insurance companies and their rates

Gas Safety Shop Insurance

Gas safety shop insurance tends to be similar to gas engineer and gas fitter insurance because they’re a part of the same industry. In fact, some insurance companies even lump all of these policies together under a single form of coverage for workers in the gas industry. Many of these bundles feature liability and BOP coverage.

Gas safety shop insurance tends to be a little more expensive, especially if you’re getting liability insurance. This is because you’re far more likely to see customers on premises at a gas safety shop, as opposed to being a gas fitter that will often go to people’s homes to install gas lines.

Owners of these shops will also sometimes get their hands on indemnity insurance along with their liability coverage. Indemnity insurance will kick in if a business ends up making a mistake that they can be held liable for, so if you end up selling someone some malfunctioning gas safety equipment.

The average cost of insurance for a gas safety shop is about $375 per year, but this can vary considerably, much like with gas engineer coverage. Since many insurance carriers don’t have a specific program for gas safety shops, you may need to opt for a generic business owner policy (BOP) instead, which combines property insurance with liability coverage.