Willis Towers Watson
Overview
ENGINEERS


Willis Towers Watson is delighted to have been reappointed as a Preferred Broker to the Association for Consultancy and Engineering (ACE)
This enables us to continue the long relationship we have enjoyed with both the ACE and its members.

The reappointment of Willis Towers Watson was made by the ACE after a rigorous and competitive exercise necessary to ensure the continued delivery of a level of capabilities and expertise needed from its Panel of Broker Firms.
What insurance cover should an organisation in this sector require/consider?
We understand the complex risks facing engineers and mistakes can be costly and seriously damage a business' reputation.

Professional Indemnity Insurance (PII) is a compulsory requirement of the Association for Consultancy and Engineering (ACE) as well as a range of other professional bodies, including the Institution of Electrical Engineers (IEE), Institution of Civil Engineers (ICE) and Institution of Mechanical Engineers (IME).

PII provides insurance cover for legal costs and expenses in defending a claim, and any compensation or costs that may subsequently be awarded.

As one of the approved panel brokers for ACE members, Willis Towers Watson can offer significantly wider cover than the recommended minimum terms and conditions and, if required, include different aspects of ACE members' services. Some typical additions can include the following:
  • Cover for cost of mitigation of loss if work is undertaken on a Design and Build basis
  • Joint Ventures
  • Cover for own in-house costs such as court attendance
  • Innocent non-disclosure provisions
  • Cover in the event that the ACE member's contracts are novated
  • The Limit of Indemnity to apply to each claim separately
  • Defence Costs and Expenses payable in addition to the Limit of Indemnity
In addition to this, organisations should also consider:
  • Directors & Officers Liability Insurance
  • Outside Board Insurance
  • Employment Practices Liability Insurance
  • Cyber Liability Insurance
  • Trustees Liability Insurance
  • Environmental Insurance
Note: Some of these insurances are compulsory and are driven by local legislation governing the regulation of Legal Practices. >> Willis Towers Watson services
How do we add value?
We take the time to understand our clients and their business by listening and asking questions. When we are satisfied we have the insights we need, it's our job to find the appropriate insurers and policies which focus on our client's particular field and can provide the right coverage.

Our specialists provide a combination of sector and technical expertise professionally qualified associates; and a personal, proactive service which can make a difference when it's time to re-negotiate renewal terms.

We also offer additional services depending on individual needs:
  • Insurance and Liability Clauses of contractual agreements
  • Risk Assessment/Management procedures and communications
  • Electronic communication and management of risk and claims data
  • International insurance requirements
  • Alternative Risk Transfer
  • Captive Insurance Company management
  • Project reviews, due diligence, mergers and acquisitions
  • Long-term structural/latent defects exposures
  • Strategic advice on individual claims and contractual disputes
Our experience in this sector
Willis Towers Watson has represented many of the global engineering powerhouses for many years. This means our specialists have the knowledge and necessary experience to assist clients with the most appropriate insurance solutions for their business.

We are recognised as a 'preferred provider' for Professional Indemnity Insurance by the Association for Consultancy & Engineering (ACE) in the UK.
For an insurance quote please complete and return the proposal form as accurately as you can and email it back to us.

>> Download Engineers Proposal Form
>> Download Consulting & Engineering Proposal Form
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