Saudi Arabia – News insurance policy for engineers
Thursday, 04 20 2017, Category: Insurance and Reinsurance, Country: Saudi Arabia
The Saudi Council of Engineers launched the registration for the professional insurance targeting engineering offices and companies and individuals practicing this profession. The insurance policy will be effective starting from the next month of May.
Insurance will be provided through a specialized insurer according to different categories with prices starting at SAR 250 for individual engineers and SAR 1800 for engineering offices and companies for every year.
The program contributes to finding the appropriate insurance cover for professional liability (unintended mistakes) of engineering offices and companies and individual engineers when they realize engineering projects in which they could commit mistakes, cause damage and trigger claims.
Source: Al Hayat