Business Coverage

Are you self-employed or do you run your own engineering firm? Do you visit clients on-site? Do you have meetings on your premises? From small operations to large multidisciplinary firms, engineers are well protected with OSPE business insurance products, designed to meet the specific needs of the engineering profession.

Commercial General Liability Insurance

Commercial General Liability insurance provides coverage to protect against claims arising from injury or property damage that you or your firm may cause to another person as a result of your operations and/or premises (for example, a client may slip and fall on a wet floor in your office or your employee may accidentally cause property damage while attending a site meeting).

This coverage is recommended for engineers who own or operate their own business. Coverage is also recommended for self-employed engineers who contract out their services or bill under their business name.

Office Insurance

Coverage provides protection against damage to contents, including equipment, resulting from an insured loss, such as a fire in your premises.

Directors’ and Officers’ Liability

Directors’ and Officers’ Liability Insurance provides coverage for an engineering firm and its trustees, directors and officers who may be exposed to liability through the actions of a person acting in their capacity as a member of the firm. This includes claims arising not only out of the actions of directors, officers, and trustees, but also of employees, volunteers, and committee members. Directors’ and Officers’ Liability Insurance responds when any error, omission, misleading statement, neglect or breach of duty, employment practice violation or wrongful act such as discrimination or harassment, is alleged against any person acting in their capacity as a member or representative of the firm. Directors’ and Officers’ Liability Insurance supplements the firm’s general liability insurance coverage.

Directors’ and Officers’ Liability Insurance provides coverage for claims resulting from board/managerial decisions that have adverse financial consequences. These can include claims for damages related to:

  • Wrongful dismissal
  • Financial mismanagement
  • Employee discrimination
  • Violation of provincial or federal laws

Directors’ and Officers’ Liability Insurance also provides coverage for claims resulting from the actions or inactions of any person (for instance volunteers or employees) acting in their capacity as a member or representative of the firm. These can include claims for damages related to:

  • Harassment
  • Discrimination
  • And others

More information can be found here:

Directors’ and Officers’ Coverage brochure (PDF) Business Coverage brochure (PDF)