2007-2008 IEEE Multiplan Brochure

The IEEE Professional Liability Insurance Plan L Safeguard Your Future Professionals who operate their own business need professional liability insurance in addition to an in-home business or business owner’s policy. Professional liability insurance protects you against financial losses from lawsuits filed against you by your clients. Professionals are expected to have extensive technical knowledge or training in their particular area of expertise. They are also expected to perform the services for which they are hired, according to the standards of conduct in their profession. If they fail to use the degree of skill expected of them, they can be held responsible in a court of law for any harm they cause to another person or business. When liability is limited to acts of negligence, professional liability insurance may be called “errors and omissions” liability. Professional liability insurance is a specialty coverage. Professional liability coverage is not provided under homeowners endorsements, in-home business policies or business owners policies (BOPs). No matter how well you design it, you can still be sued. As an engineer in the electrical, electronics or computer fields, you risk being sued every time you work on a project. And regardless of how well you’ve done your job, you’ll spend valuable time and hard-earned money to defend yourself in a lawsuit. Technology endorsement A technology endorsement is included at no additional premium. This endorsement provides a broad definition of computer systems and information technology-related professional services to be covered under the policy. In addition, coverage for intellectual property risk, Internet content liability and breach of security in relation to denial of service, unauthorized access and theft of data is also included. If you’ve had trouble getting professional liability coverage in the past because of a computer-related exposure, try the IEEE Program. Our underwriting is flexible. And we’ll work with you, making every effort to ensure you get the level of comprehensive professional liability protection you need. You’re never alone if you’re summoned to court. The IEEE Professional Liability Plan pays the cost of experienced counsel and other claim expenses, up to your chosen liability limit. In fact, you don’t even need to shop for a lawyer; expert defense counsel will be retained for you. L L Computer exposures Expert legal counsel to represent you Highlights L L L Where can you find liability insurance for engineers? As an engineer, your biggest challenge today is finding liability insurance. In fact, many insurance companies will practically run from you simply because of your profession. There is help. The IEEE Professional Liability Program counters risks you face and protects you for negligent acts, errors and omissions. IEEE negotiates competitive group rates for its members. Then it goes on to save you money in two important ways. First, your premium is based on YOUR annual gross billings and more fairly reflects your risk. Second, it’s step-rated to start out low, then gradually increases each year until the fifth year, where it levels off. Sensible Protection You Can Afford L Claims-made coverage The IEEE Professional Liability Program offers claims-made coverage. Claims-made coverage is the most widely available (if not the only available) form of professional liability insurance for engineers. It covers claims made during the policy period resulting from acts committed during the life of the policy. L Group-negotiated members-only rates Available in all 50 states Another obstacle is locating coverage that’s available in your state. Very often plans are not available in all areas of the country, but the IEEE Program is! Ideal protection for firms or self-employed individuals The IEEE Professional Liability Program is designed for firms with annual billings up to $3 million. In addition, the Program offers coverage to employed engineers who provide engineering services (with annual billings up to $100,000) outside their employment arrangement.

Table of Contents Feed for the Digital Edition of 2007-2008 IEEE Multiplan Brochure

Group Term Life Insurance Plan Group 10-Year Level Term Life Insurance Plan Group 20-Year Term Life Insurance Plan Group Disability Income Insurance Plan Professional Liability Insurance Plan Long-Term Care Plan Additional Plans & Information

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