Professional Liability Insurance (E&O) for Chemical Engineers

We provide professional liability insurance to chemical engineers in select states. This type of coverage is also called errors and omissions (E&O) insurance.

What do chemical engineers do?

Chemical engineers use chemical reactions to convert chemicals and raw products into more useful products. Chemical engineers work with chemicals, fuel, food, drugs, and many other products. Chemical engineers use the principles of physics, chemistry, mathematics and biology in their work.

Although it differs in scope and scale, the work performed by chemical engineers is closely related to the work performed by chemists and biochemists.

Why do chemical engineers need professional liability insurance?

Chemical engineers deal with complex issues which involve a high level of technical ability and knowledge. Because of the nature of their work, chemical engineers have multiple opportunities to make an error or omission while working on a project. In the event of a lawsuit, chemical engineers will have to defend their work and could be liable for large sums of money if found to have been negligent. Chemical engineers working on large projects can also be included in a lawsuit, along with all other professionals involved in the project, even if no error or omission was made. In any case, legal fees tend to be significant.

It is therefore vital for chemical engineers to have professional liability insurance protection.

What protection does a professional liability insurance policy provide?

Professional liability insurance provides chemical engineers with protection against damages and legal fees. Professional liability policies provide coverage for claims made against engineers by reason of a negligent act, error or omission in the performance of services.

What policy limits and deductibles are available?

Professional liability policy coverage starts at $100,000/$100,000 (per claim/annual aggregate) up to policy limits of $5 million/$5 million. The most common policy limits for professional liability coverage are $1 million/$1 million. Deductibles starting at $1,000 are generally available.