Fenner & Esler is a highly recommended choice when you need a quality architect and engineer company. It is certain that any architect in Rhode Island should not be without quality architects insurance coverage, also known as errors and omissions insurance. Architectural firms require financial safety, and proper insurance coverage offers this protection against breach of contract or neglect accusations. We are specialists in handling the insurance needs of design professionals, including architects. You should make Fenner and Esler your first call instead of depending on larger online architects insurance companies for this reason.
Even the most competent architects who follow all the rules of the industry to the best of their ability run the chances of a lawsuit claiming that some error or omission in a building or other structure they worked on caused physical injury or property damage. For the most part this legal action happens a long time after the completion of the project. Even if the allegations of negligence end up being proved false, the price of litigation may be considerable. A quality architects insurance brokerage is necessary for protecting architects working alone, as well as architectural firms, from the great expense of errors and omissions litigation. If you have quality insurance from a recommended architect insurance company, if the court sides against the architects or firm you’ll discover that you have protection from legal fees, in addition to expenses that come with legal settlement actions and issuing payment to the plaintiff.
Architects Insurance Company
You should never find yourself without quality architect insurance if you’re doing business as a design professional. While some architects may prefer to go without this coverage under the false supposition that the project owner’s insurance will provide protection in the event of a claim, some find, often when a claim is brought forth years later, that they are not covered. Others might decide to self-insure only to realize that the expense of litigation and legal defense is much more than the architect expected. Without the services of an independent architect insurance company the price of settling claims or defending against unfounded allegations of neglect has the potential to bankrupt a business.
When they’re asked why they opt out of architect insurance coverage many professionals cite the expense of the policies which they’ve found online. This is because larger architect insurance companies can not supply you personal customization, and you wind up paying more for services that you will never require. This is where Fenner & Esler comes in. We can tailor for you a personalized policy from several A-rated carriers that is suited to the needs of a small firm. This makes the premium for insurance far cheaper. The circumstances of your policy are also in a position to be scaled relative to the kind of work you are accepting, in the event you suddenly discover you have bigger jobs than expected. As an independent broker Fenner & Esler can even offer you specific per-project choices to ensure that you can accept just one big job without needing to cover more for your normal policy.
Architects Insurance Brokerage
You should always treat selecting a prospective errors & omissions insurance company for architects precisely the same as though you were appointing a new partner for the firm. Advice for risk management strategies is another advantage of using an independent broker like Fenner & Esler. For example, we offer advice for young architects about how you can spread the risk of huge projects among different experts. There are forces that will be beyond the architects control, and as experts in insurance we will be able to help negotiate contracts so that you will assume minimal liability.
Architect Insurance Companies
The professionals at Fenner & Esler supply a wide variety of choices for insurance for various professionals in the design industry. This includes:
? Architects Insurance
? Architect Insurance
? Structural Architect Insurance
? Environmental Consultant Insurance
? Surveyors Insurance
Architect Insurance Coverage
Being without architects insurance is professional suicide for any professional architect. When you are searching for a quality architect insurance brokerage, Fenner & Esler is here to fulfill all your needs. Don’t wait, call us today!