Fenner & Esler isn’t only a highly rated engineer and architect insurance brokerage. We additionally offer design professionals with the finest options when it comes to architects employment practice insurance. In addition to supplying their own providers as design professionals, it’s typical for architects and architects to use assistants and other workers to whom they could delegate design-related or administrative jobs. In any creative business, 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 associated with the employer status. In order to protect the long-term economic viability of the design firm, it is essential to take advantage of architects employment practice insurance.
Even in the most closely knit design firms, it’s possible for employment issues to arise, making architect EPLI an essential investment. Even if you are confident in your HR framework to protect you from liability in most circumstances, there can come an occasion when you are facing some sort of legal action. Even lawsuit that’s frivolous can be devastatingly expensive to defend. If a worker brings allegations of wrongdoing in the workplace (wrongful disciplinary actions, wrongful termination, discrimination or harassment, for example) a buffer zone may be needed to avoid the expense of the suit from impacting the organization negatively. Architect EPLI provides protection, up to the limits of liability, for the expense of litigation as well as the expenditures for any settlement of the situation.
Architects Insurance Company
If you ask an insurance company to provide you with employment practice insurance for architects, they’ll first ask to get a copy of all internal documents relating to your human resource policies. If the business works with an independent architects or architects insurance company who specializes in engineer EPLI, the agent can ensure that policy and procedure handbook has the info that is required by the insurance companies. An insurance market specialist with expertise in presenting applications can assist design professionals to comply more closely with the demands of insurance companies, garnering the best rates available. An insurance broker will also collaborate with customers in controlling risk, providing expert advice during those crucial episodes when employer/employee friction has arisen.
Architect Insurance Brokerages
Because EPLI for architects works on a claims-made basis, it’s vital to maintain continuous coverage so that the business is protected. It’s possible to locate insurance which will cover activities retroactively, but the rates on such policies will be more costly. Someone new to the procedure can easily find themselves overwhelmed by the wealth of choices which are available. This is the reason we’re here to help as an architect & engineers insurance brokerage well versed to the ins and outs of working in the business.
Fenner & Esler’s specialists in employment practice insurance for architects use a select group of A-rated insurance carriers to help your company to obtain the most cost-effective plan that handles your needs, making sure that your business consistently enjoys protection from legal action related to employee issues.
Serving design professionals as a top engineer and architect insurance brokerage since 1923, Fenner & Esler can provide you with a variety of effective alternatives. As an independent brokerage, we are capable of customizing insurance policies that will fit your exact requirements, unlike larger architects and engineers brokerages. Whatever your insurance needs are, feel free to contact the experts at Fenner & Esler today.