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FORMS & FACTSHEETS
Institution of Mechanical Engineers (IME)
The UK’s qualifying body for mechanical engineers. The organisation represents around 82,000 engineers worldwide and has a specific Automobile Division with 18,000 members and 11 UK regional centres.
There is no requirement made by the IME for their members to hold or maintain professional indemnity insurance cover at any level. However, the need for such cover is obvious and most professional engineers recognise this.
In addition, most engineers find that they are required to hold and maintain cover to comply with contractual requirements such as collateral warranty agreements they are being asked to enter into as a condition of being awarded new contracts.
Latest News
Standard and Poor downgraded eight European insurers this week, including Allianz’s Italian operation and Ageas’s Portuguese unit. Whilst these are big name insurers, the…
Case Studies
Clients often ask PI expert why they need to buy Professional Indemnity Insurance. We believe that the best way to explain where the risk lies is by using examples of people in similar trades.
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