World Engineering Day

WORLD ENGINEERING DAY

First proclaimed by UNESCO (United Nations Educational, Scientific and Cultural Organization) at its 40th General Conference in 2019, World Engineering Day is celebrated on the 4th of March of each year.

This day presents an opportunity to highlight and celebrate engineers and engineering achievements in the modern world today. It also helps improve public understanding of how engineering and technology are essential for modern life and sustainable development.

March 4th is the founding day of the WORLD FEDERATION OF ENGINEERING ORGANIZATION (WFEO), a federation made up of hundred national members and international members representing the engineering society of the world.

This day is being utilized as a springboard for awareness-raising actions, celebrating, and promoting engineering as a career and highlighting how engineering can change the world for the better.

GroupOne is proud to be offering DESIGN PROFESSIONAL LIABILITY COVERAGE, offering coverage to engineers, architects, land surveyors, planners, construction managers, and consultants.

Coverage Capabilities

  • Limits available up to 10 million CAD
  • Primary and Excess
  • Expense reimbursement for attending legal proceedings related to claims; $500 per day up to $10,000 per policy period, not subject to the retention and in addition to the limits of liability
  • Expense reimbursement for attending proceedings related to regulatory actions; up to $25,000 per policy period, not subject to the retention and in addition to the limits of liability
  • Retention credit of 50% for Mediated claims, up to a maximum reduction of $25,000
  • Expense reimbursement for attending disciplinary proceedings up to $25,000 per policy period, not subject to the retention and in the addition to the limits of liability
  • Expense reimbursement for lost documents up to $25,000 per policy period, not subject to the retention and in addition to the liability limits
  • Pre-claim assistance and circumstance reporting
  • Automatic coverage for new subsidiaries
  • Automatic additional 30-day reporting period
  • Coverage for punitive damages, where allowed by law

Target Risks

  • Architects
  • Engineers
  • Land Surveyors
  • Planners
  • Construction Managers
  • Consultants (building/construction industry)
If you would like to inquire about the above product offerings, please contact us at insureit@grouponeis.com.