Fenner & Esler isn’t only a top rated architects and engineers insurance broker. We additionally provide design professionals with the finest alternatives when it comes to EPLI for architects. Most architects and architects have some staff, comprised of administrators and assistants. In any innovative business, working relationships are frequently close ones, leading to a blurring of the lines between employer and employee, which may lead to issues in terms of legal obligations associated with the employer status. Employment practice insurance for architects is vital for design professionals that want to ensure the smooth running of their company in the long-term.
Even in the most closely knit design firms, employment issues can arise, making architects EPLI an investment that’s essential. Establishing an exhaustive set of H.R. practices and guidelines can go a long way towards shielding you from employment liability problems; nevertheless, such actions are inadequate in the face of actual litigation. Despite the fact that a legal action may be without merit, the price of litigation may be significant. If an employee brings allegations of wrongdoing in the workplace (wrongful disciplinary measures, wrongful termination, harassment or discrimination, for example) a buffer zone might be necessary to prevent the cost of the litigation from affecting the organization in a negative way. Architect employment practice liability insurance provides coverage, up to the limitations of liability, for the cost of litigation as well as the expenditures for any settlement of the situation.
Architect Insurance Company
If you ask an insurance company to provide you with employment practice insurance for architects, they will first ask to obtain a copy of all internal documents concerning your human resource policies. Electing to insure with an insurance company for architects or architects specializing in EPLI for architects can to your benefit; the broker will ensure that the HR manual details all the information on policy and procedure that the insurance providers they deal with may require. An insurance market specialist with expertise in presenting applications will be able to assist design professionals to comply more closely with the requirements of insurance companies, getting the greatest premiums available. An insurance professional will also work together with customers in controlling risk, providing expert guidance throughout those crucial incidents when employer/employee friction has arisen.
Architect Insurance Companies
As architects employment practice insurance works on a basis of claims-made, it’s vital to maintain constant protection so that the firm is protected. Though some carriers offer a rider for retroactive coverage, it can be more costly. Somebody new to the process can easily find themselves overwhelmed by all the choices which are available. This is why we’re here to help as an engineers and architects insurance company well versed to the ins and outs of working in the business.
Fenner & Esler employment practice liability insurance for architects specialists are experts in the area and will find an insurance solution with an A rated provider that’s customized only for you in Virginia, ensuring that the stability of your business is always assured.
Since 1923, Fenner & Esler has been serving the needs of design professionals in need of architects and engineers insurance by providing a wealth of effective options. We are an independent brokerage. This means that unlike larger engineers and architects 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.