Fenner & Esler is not only a top rated architect & engineers insurance company, but we also provide design professionals with the finest alternatives for EPLI for architects. In addition to supplying professional solutions, many architects and engineers also act as employers for a team of assistants and administrative professionals. In any innovative company, working relationships are frequently close ones, leading to a blurring of the lines between employer and employee, which can lead to issues in terms of legal liabilities related to the employer status. In order to safeguard the long-term economic viability of the design company, it is crucial to carry EPLI for architects.
Architect employment practice insurance from a respected independent architect & engineers insurance company like such as Fenner & Esler is important because even in the most closely-knit design firms, employment problems could arise. Even if you are confident in your HR framework to guard you from liability in most situations, there may come an occasion when you are facing some sort of legal action. Going to court is an expensive process even if you win the case. If a worker brings allegations of wrongdoing in the workplace (wrongful disciplinary action, wrongful termination, harassment or discrimination, for instance) a buffer zone may be necessary to avoid the cost of the litigation from impacting the business negatively. Employment practice insurance for architects provides protection, up to the limitations of liability, for the expense of litigation along with the expenditures for any settlement of the case.
Architects Insurance Company
If you’re submitting an application for EPLI for architects, it is common for the insurance carrier to ask for a copy of the firm’s human resources policy and procedure manual. If the company works with an independent architects or architects insurance brokerage who specializes in architects EPLI, the agent will make certain that policy and procedure manual has the info that is required by the insurance companies. An agent can also tailor the application to ensure that the client’s application suits their business needs, while also seeking for the best possible premium. Moreover, the insurance broker also functions as someone in risk management by providing assistance when difficult employee situations arise.
Architect Insurance Companies
EPLI for architects works on the basis of claims made; for this reason, it is imperative that coverage is kept always, or else the company might not be insured. Retroactive coverage riders are obtainable from some suppliers but these can be more expensive. The substantial expertise we have at Fenner & Esler as an experienced a&e insurance brokerage will work to your advantage because this process can be easily overwhelming for somebody who is just getting started.
Architects & Engineers Insurance
Fenner & Esler employment practice liability insurance for architects specialists are professionals in the area and can find an insurance answer with an A rated carrier that’s personalized just for you in Texas, making sure that the stability of your business is usually guaranteed.
Since 1923, Fenner & Esler has been serving the requirements of design professionals who have needed architects & engineers insurance coverage by supplying a wealth of effective alternatives. We can customize a plan which will suit your precise individuals needs as a result of the fact that we are an independent brokerage. This is something difficult to find from larger architects and engineers brokerages. Contact the experts today at Fenner & Esler and find out exactly what we can do for you.