This insurance covers the Insured`s professional liability for the losses caused to third parties due to errors and omissions in the performance of activities related to the preparation and control of engineering documents, execution of works, professional supervision and technical inspection.

The professional liability of the Insured covers professional errors or omissions, occurred in the performance of Insured’s registered business activities and during the implementation of the contract concluded by the Insured, which represents infringement or deviation from the applicable professional rules that are determined by professional standards and norms and/or failure to perform and act with due diligence, for which the Policyholder / Insured is liable in accordance with the law.

This insurance covers the losses resulting from:

  1. damage to or destruction of a facility constructed on the basis of the performed activities of preparation and control of engineering documents, execution of works, professional supervision and technical inspection;
  2. defects in the design or in the facility (pure financial loss) which caused the need for additional manufacturing, delivery or installation of a new element or part into the facility which had been constructed in accordance with the Insured`s designs or under the supervision or in the organization of the Insured;
  3. death, bodily injury or health impairment of a third party if caused by Insured’s error and/ or omission occurred in the course of preparation and control of the engineering documents, execution of works, professional supervision and technical inspection;
  4. destruction of, or damage to the objects of a third party, if caused by an error and/or omission occurred in the course of preparation and control of the engineering documents, execution of works, professional supervision and technical inspection.

The insurance covers the insured events occurred on the territory of the Republic of Serbia, unless otherwise agreed.

If you are an engineer and wish to protect your property interests against confirmed claims of third party claimants, for more details in connection with this insurance please dial the contact telephone numbers of our branches, offices, or outlets.