Skilled professionals of all kinds stand to benefit from insurance, and that includes gas engineers. Given the high-risk and complex nature of their occupation, gas engineers face a lot of risks. No matter how experienced you are, there is always a chance that something will go wrong. Thankfully, gas engineer insurance exists to help mitigate your financial risks for you and/or your firm – and ALIGNED can help it. ALIGNED’s team of commercial insurance experts can match you with a customized gas engineer policy in no time. Keep reading to learn more about how gas engineer insurance works.
What do gas engineers do?
Gas engineers specialize in the systems and appliances that use natural gas. For example, they might work to identify and minimize the leaks in gas pipelines, as well as improve the speed at which oil or gas is transported. They may also have expertise in repairing, installing, or maintaining appliances that use gas, such as gas fires, boilers, gas furnaces, gas ranges, and more. No matter the task, a gas engineer uses current tools and technical knowledge to ensure everything is running smoothly and safely.
What is gas engineer insurance?
Gas engineer insurance is a type of commercial insurance designed to protect gas engineers against the unique risks they face. Though policies vary, many gas engineer insurance plans feature commercial general liability coverage, commercial property insurance, professional liability insurance, and more.
Safeguard your gas engineering business with comprehensive insurance coverage
Since gas engineer insurance is not a legal requirement, it is up to each engineer to decide whether to purchase insurance, as well as which type of coverage to include with their policy. Some of the most common coverages featured in gas engineer insurance policies are as follows:
- Commercial general liability insurance: Commercial general liability coverage protects your gas engineering business against claims of third-party bodily injury and property damage. It can cover the cost of injury or damages to a third party, as well as the cost of a lawsuit (e.g. defense and court fees).
- Commercial property insurance: Commercial property insurance protects your gas engineering office or another place of business, as well as any business-related contents from damage. This coverage protects your property against insured perils like water damage, fire, theft, windstorms, vandalism, etc.
- Professional liability insurance: Professional liability insurance, also known as professional indemnity insurance or errors and omissions insurance, is important for professionals whose clients depend on their advice, such as gas engineers. This type of coverage will pay for legal fees (e.g. defense costs, settlements) if a claim of negligence, error, omission, misconduct, or failure to deliver a service is brought against you or your business.
- Tools and equipment insurance: With tools and equipment insurance, your insurance company may cover the cost of repairing or replacing your gas engineering business’s tools or equipment if they are damaged or lost due to an insured peril, like theft, fire, etc.
- Commercial auto insurance: Commercial auto insurance is important if your gas engineering business uses vehicles for commercial purposes, such as to transport tools and equipment or travel to and from job sites. Commercial auto insurance policies vary but may feature third-party liability coverage, comprehensive coverage, uninsured automobile coverage, accident benefits coverage, collision coverage, and more.
- Pollution liability insurance: As the work of a gas engineer can involve environmental hazards, pollution liability coverage is important. This coverage can protect your engineering business from claims of third-party bodily injury, property damage, or environmental damage resulting from your work.
Is gas engineer insurance necessary?
While not a legal requirement, gas engineer insurance is often worth the money. Why? Owing to the financial protection it offers. As a gas engineer who regularly deals with oil and natural gas, the nature of your job can be dangerous. Even those with years of experience and education can make mistakes. Luckily, gas engineer insurance can help mitigate these risks by safeguarding you against liabilities, property damage, and more.
Gas engineer insurance cost
The cost of gas engineer insurance varies widely as it is dependent on a multitude of factors. For example, the location of your gas engineering business, its size, its annual and projected revenue, the number of workers it employs, and the scope of services offered can all influence gas engineer insurance rates.
Further, the coverages you choose, along with the policy deductible can also impact premiums. An insurance provider will also consider one’s personal claims history when calculating their rates. Those with little to no insurance history or lots of claims may face higher premiums. To learn more about the factors that impact the cost of gas engineer insurance, contact ALIGNED. We can walk you through the cost and even provide an accurate gas engineer insurance quote.
Does gas engineering insurance cover all types of engineers?
Gas engineer insurance is designed to meet the needs of gas engineers. However, it can be applicable to a wide range of engineers and engineering businesses, from structural and mechanical engineers to environmental and computer engineers. If you have an engineering business that falls into another category, contact ALIGNED to learn more today. A dedicated broker will take the time to understand the unique needs of your occupation or business in an effort to find you a great insurance policy.
Are subcontractors covered under a gas engineer insurance policy?
Though insurance policies vary, most commercial general liability insurance coverage only extends to a business and its employees. Therefore, although full-time and even part-time employees may be covered, anyone not on your payroll (such as a subcontractor) can be covered if approved by underwriters or built into the policy. As a result, your gas engineering business can be covered if a subcontractor damages property or causes third-party injuries while working. Contact ALIGNED to find out if your current gas engineer insurance policy covers subcontractors.
Purchasing a gas engineer insurance policy just got easier
Did you know that there are two main ways of purchasing gas engineer insurance? The first is directly through an insurance provider, and the second is through an insurance broker. While buying insurance through a provider might seem like the most convenient option, you may end up overpaying for insurance by doing so. Plus, researching multiple insurance companies and comparing rates can be time-consuming. Luckily, insurance brokerages like ALIGNED are here to make purchasing gas engineer insurance easier than ever before. That’s because brokers do the work for you, obtaining quotes from the top insurance companies and comparing them on your behalf. Brokers are also insurance experts and are knowledgeable about a wide range of products. However, it’s worth noting that insurance brokers do not set premiums. So while a broker at ALIGNED can help you shop around for a great policy, unlock discounts on your behalf, modify your policy in the future, or even help you navigate the claims-filing process, insurance premiums are ultimately determined by insurance companies.
Top 3 reasons to buy gas engineer insurance from an ALIGNED insurance broker
Not convinced that working with an insurance broker is right for you? Consider the following three benefits of purchasing gas engineer insurance through an ALIGNED insurance broker:
Brokers have extensive knowledge and expertise
The first reason to buy gas engineer insurance from an ALIGNED insurance broker is that brokers have extensive knowledge and expertise, which makes them an incredible resource to have. A broker knows the ins and outs of the commercial insurance industry and can walk you through your coverage options, explain your policy from cover to cover, and ultimately help you find a great policy.
Brokers work independently of insurance companies
Second, insurance brokers work for you, not the insurance companies. In fact, insurance brokers operate independently of insurance providers, which means that ALIGNED will always put your best interests first. If you want an insurance professional who will prioritize the customers’ needs, look no further than an ALIGNED broker.
Brokers do the work on your behalf
Finally, ALIGNED insurance brokers do the work on your behalf. We all know shopping for insurance can be stressful and time-consuming – but not with a broker. Simply get in touch, explain your insurance needs, and let ALIGNED take care of everything. Your dedicated insurance broker will obtain quotes from insurance companies, compare policies, and present you with several high-quality options.
Purchase gas engineer insurance with ALIGNED
Looking for great coverage at a low rate? ALIGNED is here. Our team consists of commercial insurance experts, any of whom can help you find a gas engineer insurance policy that’s right for your business. Using our resources, expertise, and decades of experience, we will match your gas engineering business with dynamic, personalized coverage that meets your needs and budget. What are you waiting for? Give us a call to speak with an ALIGNED insurance broker now or click here for a free quote.
