Fenner & Esler isn’t just a highly rated architects and engineers insurance brokerage. We also offer design professionals with the best options in terms of engineer employment practice insurance. In addition to providing professional services, many architects and engineers additionally act as employers for a team of assistants and administrative experts. In any innovative firm, working relationships are frequently close ones, leading to a blurring of the lines between employer and employee, which in turn may lead to issues in terms of legal obligations associated with the employer position. In order to protect the long-term economic viability of the design firm, it is crucial to carry engineer EPLI.
Even in the most closely knit design firms, employment issues can arise, making employment practice liability insurance for architects an investment that’s essential. Establishing an exhaustive set of human resources practices and policies can go a long way towards protecting you from employment liability issues; nevertheless, such measures are insufficient in the face of actual litigation. Even a frivolous suit could be devastatingly expensive to defend. Employment practice insurance for architects can offer a monetary firewall in the case of worker claims of discrimination, wrongful termination, harassment or disciplinary actions, or other workplace-related issues. Architect EPLI provides coverage, up to the limits of liability, for the expense of litigation along with the expenses for any settlement of the case.
Architect Insurance Brokerage
If you’re submitting an application for employment practice liability insurance for architects, it’s typical for the insurance provider to ask for a duplicate of the firm’s human resources policy and procedure manual. Choosing to insure with an insurance broker for architects or architects specializing in architects EPLI can be helpful; the broker will make sure that the HR manual details all the information on policy and process that the insurance providers they deal with may require. Additionally, the experienced insurance professional has the expertise presenting the program for coverage so that the company will get the safety it needs for the least expensive premium possible. An insurance professional will also work together with customers in managing risk, offering expert guidance during those vital episodes when employer/employee friction has arisen.
Architect Insurance Brokers
As EPLI for architects operates on a claims-made basis, it’s crucial to maintain constant protection so that the company is protected. Retroactive coverage riders are available from some suppliers but these can be more costly. As an experienced from a respected independent a&e insurance brokerage, Fenner & Esler possesses the experience to help you navigate the process of selecting the right options, which can seem overwhelming to someone that’s just getting started.
Fenner & Esler EPLI for architects specialists are professionals in the area and can find an insurance answer with an A rated carrier that’s customized only for you in Minnesota, ensuring that the stability of your company is constantly guaranteed.
Since 1923, Fenner & Esler has been serving the needs of design professionals who have needed architects and engineers insurance by supplying a variety of effective options. As an independent broker, we can individualize insurance policies that will fit your exact requirements, unlike larger architects and engineers brokerages. Contact the experts today at Fenner & Esler and find out exactly what we can do for you.