PE Liability & Self-insured Company
PE Liability & Self-insured Company
(OP)
Does anyone have any experience working for a large company that is self-insured?
They don't appear to have PE liability insurance per se, but they insist that their insurance will cover me when I use my PE stamps on projects. They say it provides "indemnification of employees while engaged in Company business".
I need to know if this is enough to protect me. Thanks.
They don't appear to have PE liability insurance per se, but they insist that their insurance will cover me when I use my PE stamps on projects. They say it provides "indemnification of employees while engaged in Company business".
I need to know if this is enough to protect me. Thanks.





RE: PE Liability & Self-insured Company
RE: PE Liability & Self-insured Company
RE: PE Liability & Self-insured Company
greenone, I agree. I am looking into checking with a lawyer. I was hoping someone on the forum might have some experience in this issue already.
Thank you both for your posts.
RE: PE Liability & Self-insured Company
RE: PE Liability & Self-insured Company
You can buy a personal liability umbrella for $2,000,000 for a few hundred dollars a year, the problem is you must raise you homeowners, auto, and other insurances to $300,000 to $500,000 which will cost several thousand per year. Also, your 401K and IRA's cannot be taken away from you in bankrutcy, if some one sues the pants off you, let them have your old pants and get new ones out of your 401K.
The above is not legal advise, but you can use the thoughts and opinions as guidance to ask the right questions.
RE: PE Liability & Self-insured Company
Having said that, I would get the indemnification in writing and get a statement of financial viability and commitment to your protection for work done on behalf of the company.
Most large engineering companies indemnify their engineers, but they rarely put that to a contractual statement, simply because most engineering functions would come under "employment at will" conditions (non-union, non-contractual employment), and to contract to indemnify individually would perhaps create an employment contract that neither party would necessarily like to have if you both truly want employment at will.
RE: PE Liability & Self-insured Company
RE: PE Liability & Self-insured Company