The job of a structural engineer is closely similar to that of civil engineers. While you can get insured through a civil engineer insurance package, the best protection is a specialty structural engineer insurance plan.
This article covers the risks unique to your profession. In Addition will guide you to know what this is, how much premiums cost, and where to get the best coverage.Â
Structural Engineer Liability Insurance
You need liability insurance. Liability insurance pertains to policies that grant protection against lawsuits. The most common types of structural engineer liability insurance are general liability, public liability, and professional indemnity policies.Â
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General Liability Insurance For Structural Engineers
Structural engineer insurance programs offer a general liability policy as a primary coverage. This is also the case with related commercial protection packages such as gas engineer insurance and electrical engineer insurance.Â
Use the table above to compare the general liability insurance of companies we recommend for structural engineers.Â
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| CoverWallet | NEXT (Best) | Hiscox | |
| Per occurrence limit | $1,000,000 | $1,000,000 | $300,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $1,000,000 | $100,000 | $100,000 |
| Waiver of subrogation included? | Yes | No | Can be included |
| Hired/non-owned auto liability coverage included? | Yes | No | Can be included |
| Equipment breakdown floater included? | No | Yes | Can be included |
| Can you get a certificate of insurance online? | Yes | Yes | Yes |
| Name additional insureds? | Yes | Yes | Yes |
| Deductible | $0 | $0 | $0 |
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Commercial Property Insurance For Structural Engineers
The main function of commercial property insurance is to compensate the replacement cost or actual cash value of the commercial space if it gets damaged or destroyed by:
- Fire
- Theft
- Vandalism
- Civil commotion
- Malicious mischief
- Sinkhole collapse
- Volcanic action
Note that commercial property insurance doesn’t cover any of the construction projects you’re working on. There’s another type of structural engineer insurance for this purpose.Â
| CoverWallet | NEXT (Best) | Hiscox | |
| Building coverage limit (minimum) | $50,000 | $210,000 | $25,000 |
| Contents coverage limit (minimum) | $50,000 | $25,000 | $25,000 |
| Outdoor signs | Excluded | $2,500 | Excluded |
| Accounts receivable | Excluded | Excluded | Included |
| Money and securities | Excluded | $2,500 | Included |
| Lock and keys | Excluded | $2,500 | Excluded |
| Business interruption floater | Excluded | Included | Included |
| Equipment breakdown floater | Excluded | Included | Excluded |
| Inland marine insurance floater | Excluded | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | Included |
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Business Owner’s Policy For Structural Engineers
A business owner’s policy is a combination of general liability insurance and commercial property insurance. That said, you can use this when business property gets damaged by fire or other perils and when third parties file a claim for bodily injuries or property damage. Â
| CoverWallet | NEXT (Best) | Hiscox | |
| General liability aggregate limit | $2,000,000 | $2,000,000 | $300,000/$2,000,000 |
| Commercial property coverage limit | $50,000 | $210,000 | $25,000 |
| Optional policies can be added? | Yes | Yes | Yes |
| Name additional insureds for free? | Yes | Yes | Yes |
| BOP discount? | Yes | Yes | Yes |
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Tools And Equipment Insurance For Structural Engineers
Tools and equipment, whether owned, borrowed, or rented, is always a part of every construction project you’re overseeing as a structural engineer.Â
Tools and equipment policy will cover the cost of repairing or replacing compact tractors, scrapers, welding machines, mixers, drills, and any other equipment that gets destroyed, lost, or damaged because of:
- Fire
- Theft
- Vandalism
- Mysterious disappearance
- Electrical shorts
- Electrical breakdown
- Mechanical breakdown
Tools and equipment insurance is available as a stand-alone policy that provides up to more than $100,000 coverage.Â
| NEXT (Best) | Hiscox | |
| Aggregate limit | $5,000/$10,000 | $5,000/$25,000 |
| Covers hired and borrowed equipment? | $5,000/$10,000 | No |
| Miscellaneous equipment also covered? | $5,000/$10,000 | No |
| Offered as an endorsement to general liability insurance? | Yes | Yes |
| Deductible | $500 | $0 |
Get all the best quotes from leading providers in a click of a button!
 Builders Risk Insurance For Structural Engineers
Builders risk insurance enables you to insure a construction project against the unexpected. This insurance will compensate for financial losses based on the estimated value of the construction project, its structures, or materials.Â
This insurance will protect the construction project during its completion. The coverage of builders risk insurance applies when the structures, materials, or the entire construction project gets damaged or destroyed because of:
- Fire
- Theft
- Vandalism
- Explosions
- Impact
- Employee error
- Acts of god
- Hail
 Workers Compensation Insurance For Structural Engineers
Workers compensation insurance provides help when an employee sustains an injury or illness such as cuts, burns, musculoskeletal disorders, etc. This policy commonly covers these costs:
- EMT service
- Medical treatment
- Hospitalization
- Medication
- Rehabilitation and retraining
- Lost wages
- Funeral expense and allowance to dependents in case of death
Workers compensation doesn’t provide automatic coverage to independent contractors, volunteers, and interns. You need to name them as additional insureds for coverage to take effect.Â
Structural Engineer Professional Indemnity Insurance
It takes care of expenses if clients have qualms about your services and decide to file a claim.Â
Here are some situations where Professional indemnity insurance for structural engineers is useful:
- If you failed to recognize errors in the blueprints submitted by an associate causing an accident to happen and resulting in significant structural damages.
- If Columns were wrongfully positioned despite your supervision.Â
- You failed to submit plans, reports, and blueprints on time because of technical issues,and overlapping workloads.
| CoverWallet | NEXT | Hiscox | |
| Per occurrence limit | $1,000,000 | $1,000,000 | $250,000/$1,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000 |
| Name additional insureds? | Yes | Yes | Yes |
| Waiver of subrogation included? | Yes | No | Can be included |
| Deductible | $500 | $500 | $50/$10,000 |
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Help others make better decisions
Commercial Auto Insurance For Structural Engineers
Commercial auto insurance shields you if something happens while construction vehicles are running. Here’s a quick summary of this policy’s functions:
- Cover the medical treatment of third parties if your construction vehicles cause a vehicular accident
- Cover the medical treatment of the driver and passengers if your construction vehicles get involved in an accident caused by an uninsured/underinsured driver
- Cater to the repair or replacement costs if your construction vehicles sustains damage because of fire, theft, falling objects, collision, weather, and other covered perils
Structural Engineer Insurance Cost
The average structural engineer insurance cost is $45 per month or $540 annually for a $1 million general liability policy. A carrier considers numerous factors that affect the cost of your premiums. These factors include:Â
- Business location
- Annual projected revenue
- Policy limits and deductibles
- Business property and equipment
- Number of employees
- The type of policy you purchase
| Cost per Month | Cost per Year | Deductible | |
| General liability insurance | $45 | $540 | $0-$500 |
| Professional liability insurance | $56 | $672 | $500-$1,000 |
| Commercial property insurance | $47 | $564 | $1,000-$2,500 |
| Business owner’s policy | $80 | $960 | $500-$1,000 |
| Commercial auto insurance | $99 | $1,188 | $1,000-$1,500 |
| Workers compensation insurance | $110 | $1,320 | $2,000-$5,000 |
| Inland marine insurance | $59 | $708 | $1,500 |
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Get all the best quotes from leading providers in a click of a button!
Best Structural Engineer Insurance CompaniesÂ
 NEXTÂ
NEXT is the best option if you’re particular about certificates of insurance. Upon getting insured, you can get a live certificate of insurance via the NEXT website or app and send it as a text message, email, or social media post.
Average cost: $25 per monthÂ
Pros
- Best overall
- Fastest general liability insurance for structural engineers
- Great customer service and reputation
- Issues an online proof of insurance instantly
- Outstanding value for money
- Bundle two or more insurance policies and get a 10% discount
Cons
- Couldn’t find any
Rating: 10/10
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CoverwalletÂ
Coverwallet is an excellent option for structural engineering businesses looking to manage their insurance policies. It offers the best quote comparison and comprehensive insurance solutions at affordable and competitive prices. In addition, Instead, it sells specialized insurance available for all kinds of engineers. Â
Average cost: $30 per monthÂ
Pros
- Well-organized and easy to use with an online policy management system.
- Easy to reach customer support and agents
- A top commercial insurer
ConsÂ
- Coverwallet is an online brokerage firm, not a carrier
Rating: 10/10
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TivlyÂ
Tivly doesn’t have a structural engineer insurance program. However, you might get covered through this company’s contractor’s insurance package that offers general liability, commercial property, builders risk, and other insurance policies.Â
Average cost: $35 per month
Pros
- Responsive customer service
- Compare quotes over the phone
- A partner of many reputable insurance companies
Cons
- You need to call to get a quote
Rating: 10/10
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HiscoxÂ
Just like NEXT,Hiscox grants coverage through its engineer insurance plan. which offers general liability, professional liability, cyber liability, and business owner’s policies.
Average cost: $41.56 per month
Pros
- Automatic policy renewal
- 14-day money-back guarantee
- Upgrades can be included in your policies
- Worldwide coverage
Cons
- Doesn’t offer commercial property insurance as a stand-alone coverage
Rating: 9/10
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