Fenner & Esler is not just a highly rated engineers and architects insurance company. We also supply design professionals with the best alternatives in terms of engineer employment practice liability insurance. On top of providing professional solutions, many architects and engineers also act as employers for a team of assistants and administrative experts. In any creative company, working relationships are frequently close ones, leading to a blurring of the lines between employer and employee, which in turn can lead to issues in terms of legal liabilities associated with the employer position. To safeguard the future financial solvency of the firm as a whole, employment practice liability insurance for architects is an indispensable investment.
employment practice liability insurance for architects from a qualified independent architect & engineers insurance company like such as Fenner & Esler is important because even in design firms which are closely knit, employment issues can spring up. While a comprehensive human resource policy and procedure can function as the inspiration for protecting you from liability issues, it isn’t enough when a lawsuit occurs. Even a frivolous suit can be devastatingly costly to defend. Architects employment practice insurance provides a financial firewall in the case of employee allegations of discrimination, wrongful termination, harassment or disciplinary actions, or other workplace-related issues. Up to the maximum limit of liability, an appropriate employment practice liability insurance for architects product can provide architects and architects and innovative experts with coverage to manage the price of defending a lawsuit; it can also cover any expenses incurred in settling the suit.
Architect Insurance Brokerage
If a company applies for engineer EPLI, the insurance provider is going to generally ask to see a copy of the firm’s manual on HR process and policy. Electing to insure via an insurance company for architects or architects that specializes in engineer EPLI can be helpful; the broker can make certain that the HR manual details all of the info on policy and procedure that the insurance providers they deal with might need. Also, the experienced insurance expert has the expertise presenting the program for coverage to ensure that the business can get the defense it wants for the most affordable premium possible. Brokers also have an understanding of architects employment practice liability insurance which allows them to provide guidance and support should an employee make a claim.
Architect Insurance Companies
Because architects and engineers insurance coverage works on a claims-made basis, it’s crucial to maintain continuous coverage so that the firm is protected. While some carriers offer a rider for retroactive coverage, it may be more expensive. The considerable experience we have at Fenner & Esler as an experienced engineers and architects insurance company will work to your advantage because this process can easily be overwhelming for someone that’s just getting started.
Serving design professionals as a leading architects & engineers insurance company since 1923, Fenner & Esler can supply you with a variety of effective options. We’re an independent brokerage. This means that unlike larger engineer and architect we can customize a plan which will suit your exact needs. Contact the experts today at Fenner & Esler and find out exactly what we can do for you.