Secondary Professional Liability insurance protects individuals against liability or allegations of liability for injury or damages that have resulted from a negligent act, error, or omission that has arisen out of your professional capacity as an engineer. This coverage is intended to supplement existing professional liability insurance, which members may hold through their employers or their own policies.
It is important to note that coverage is afforded on a “claims-made and reported” basis and will respond to claims made during the policy period. This means that the policy which is in place when a claim is made will be the policy to respond – regardless of when the incident occurred. Therefore, it is extremely important there is no lag or gap in coverage between policy periods. Coverage needs to be continuously in place to ensure you are continuously protected.
This coverage is not for firms, corporations, public entities or employers as these groups may be expected to carry specific professional liability coverage as part of their business. If you or your business offer and provide professional engineering services to the public, you or your business must hold a Certificate of Authorization (C of A). C of A holders assume professional responsibility for the services provided and are generally required to carry Primary Professional Liability insurance. Further information about Primary Professional Liability Insurance available through the OSPE program can be found here.
Further details on Secondary Professional Liability Insurance:Secondary Liability Insurance Coverage brochure (PDF)