Which type of insurance is generally required for engineers?

Liability insurance is essential for engineers as it protects them against claims made by clients or third parties for damages resulting from negligent acts, errors, or omissions in the course of their professional work. This type of insurance is particularly important in the engineering field, where mistakes can have significant financial and safety implications. For instance, if an engineer fails to meet industry standards or makes a design error leading to a structural failure, liability insurance provides coverage for legal fees and potential settlements.

While health, property, and life insurance are important for personal and business protection, they do not specifically address the unique risks associated with professional engineering practice. Liability insurance directly safeguards engineers' professional responsibilities and is typically mandated by regulatory bodies or required by clients before contracts are signed. This focus on protecting against professional risks underlines its importance in the engineering profession.