Bahrain – Insuring the liability of engineering companies
Thursday, 05 18 2017, Category: Insurance and Reinsurance, Country: Bahrain
Mr. Abdul Majeed Al-Qassab, the Chairman of the Council for Regulating the Practice of Engineering Professions said that the council is following up the meetings with the Bahrain Insurance Association and insurance companies in order to discuss the practicalities and details of the professional liability insurance policy covering the liability of engineering offices, which is stipulated by the law in order to address professional malpractice.
Moreover, Mr. Al-Qassab added that the law compels all engineering companies in the Kingdom of Bahrain to obtain a professional liability insurance in order to insure its liability. Therefore, the Council has taken important steps by assessing the value of engineering projects implemented by every category of engineering companies, which will have repercussions on the issued insurance contract and the insurance premium.
Source: Al Ufuq News