What is the Cost of Professional Liability Insurance for Structural Engineers?
I was wondering if anyone could ballpark the price of Professional Liability Insurance for a Structural PE in the US who owns his own business beside no employees and bills about 300,000 USD a year. The work is mostly design and consulting work.
Answers:
IF you could find someone to insure you, it would depend on your experience, what type of projects you design (no condos) if you hold a litigation history, what deductible you can show you could pay, and what is the amount you want to insure for.
I recently looked and it be almost 15K/year for 1 mill coverage w 50K deductible
reality check...
300K/year for sole proprietor?
Related Questions:
Answers:
IF you could find someone to insure you, it would depend on your experience, what type of projects you design (no condos) if you hold a litigation history, what deductible you can show you could pay, and what is the amount you want to insure for.
I recently looked and it be almost 15K/year for 1 mill coverage w 50K deductible
reality check...
300K/year for sole proprietor?
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