Chemical Processes Engineers' Business Insurance

Process Engineering is a serious business. Major accidents in the chemical industry have occurred world-wide. In Europe, the Seveso accident in 1976 provoked the implementation of legislation aimed at preventing and controlling such accidents.

The resulting 'Seveso' directive now applies to around 10,000 industrial establishments, and Seveso III will be implemented in 2015. As such it is a growing profession, in which, according to Institution of Chemical Engineers (IChemE), the opportunities outweigh the challenges, and it specifically addresses many of the key global issues that are currently facing the world. Process safety KPI’s, rational design, relief and blowout systems, and the lessons we must learn from the Fukushima earthquake impact on their nuclear plant, are all hot topics.

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German chemicals company Bayer has announced plans to award £2.5 million worth of research fellowships for life scientists, chemists and pharmacists (see The Chemical Engineer journal). This reflects the importance of the profession.

And as the profession grows, so does the need for related indemnity insurance. Whether or not you work freelance, FreelanceInsure has a dedicated Process Engineer policy that is both robust, and competitively priced.