Fenner & Esler is not just a top rated architect & engineers insurance company, but we also supply design professionals with the finest options for architects employment practice insurance. On top of providing professional solutions, many architects and engineers additionally act as employers for a staff of assistants and administrative specialists. In any innovative 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 company as a whole, employment practice insurance for architects is an essential investment.
Architects EPLI from a respected independent architect & engineers insurance company like such as Fenner & Esler is essential because even in the most closely-knit design firms, employment issues can 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 kind of legal action. Despite the fact that a legal action may be without merit, the price of litigation may be substantial. If an employee brings allegations of wrongdoing in the workplace (wrongful disciplinary actions, wrongful termination, discrimination or harassment, for example) a buffer zone may be necessary to prevent the cost of the litigation from affecting the organization in a negative fashion. Up to the maximum limit of liability, an appropriate engineer EPLI product can provide architects and architects and creative specialists with coverage to take care of the expense of defending a lawsuit; it can also cover any costs incurred in settling the suit.
Architects Insurance Company
When submitting an application for EPLI for architects, it’s typical for the insurance carrier to ask for a copy of the firm’s human resources policy and procedure manual. Electing to insure via an insurance broker for architects or architects that specializes in architects employment practice insurance will to your benefit; the broker can make certain that the HR manual details all of the information on policy and procedure that the insurance providers they deal with may need. An agent can also tailor the application to ensure that the client’s application fits their business needs, while also searching for the best possible premium. Moreover, the insurance broker additionally acts as a partner in risk management by providing assistance when problematic situations with employees come up.
Architect Insurance Companies
Our policies for engineers and architects insurance coverage operate on a claims-made basis; for this reason, it’s imperative that coverage is maintained constantly, otherwise the business may not be covered. Retroactive coverage riders are obtainable from some providers but these can be more costly. As an experienced from a qualified independent architects and engineers insurance broker, Fenner & Esler possesses the experience to assist you in navigating the procedure for selecting the right options, which can seem overwhelming to somebody who is just getting started.
Since 1923, Fenner & Esler has been serving the needs of design professionals who have needed architects & engineers insurance coverage by providing a variety of effective options. We’re an independent brokerage. This means that unlike larger architect and engineer we can customize a plan which will suit your exact needs. Whatever your insurance needs are, feel free to contact the experts at Fenner & Esler today.