Fenner & Esler isn’t only a top rated architect and engineers insurance broker. We also supply design professionals with the finest options when it comes to employment practice insurance for architects. On top of supplying professional solutions, a lot of architects and engineers also act as employers for a team of assistants and administrative specialists. In any innovative company, working relationships are frequently close ones, resulting in a blurring of the lines between employer and worker, which may lead to issues in terms of legal liabilities associated with the employer status. In order to safeguard the long-term financial viability of the design company, it is essential to take advantage of architects employment practice insurance.
Even in the most closely knit design firms, employment issues can arise, making architects employment practice liability insurance an investment that’s essential. Creating an exhaustive set of H.R. practices and policies can go quite a distance towards protecting you from employment liability issues; however, such measures are insufficient in the face of actual litigation. Even if a legal action is without merit, the cost of litigation could be significant. By having architects employment practice insurance, you’ll ensure that your finances are safeguarded against any sort of suit arising from claims of unfair dismissal, harassment or other violations of office regulations. Architects employment practice insurance can cover the full costs of defending a case, and pay for a settlement should the case require it.
Architect Insurance Brokerage
If a company applies for engineer employment practice insurance, the insurance carrier is going to typically ask to see a copy of the firm’s manual on HR process and policy. Electing to insure via an insurance brokerage for architects or architects that specializes in EPLI for architects will be helpful; the broker will ensure that the HR manual details all of the information on policy and procedure that the insurance providers they work with may require. An insurance industry specialist with experience in presenting programs will be able to help design professionals to comply more carefully with the demands of insurance companies, garnering the greatest premiums available. Brokers also possess an awareness of architects EPLI which permits them to provide advice and support should an employee make a claim.
Architect Insurance Brokerages
As EPLI for architects works on a claims-made basis, it’s crucial to maintain continuous protection so that the company is protected. Retroactive coverage riders are obtainable from some companies but these can be more costly. The considerable expertise we have at Fenner & Esler as an experienced engineers and architects insurance company will work to your advantage because this process can be easily overwhelming for someone who is just getting started.
Fenner & Esler’s experts in employment practice liability insurance for architects work with a select team of A-rated insurance carriers to assist your firm in obtaining the most cost-effective plan that handles your needs, making certain that your enterprise consistently enjoys protection from litigation related to employee problems.
Since 1923, Fenner & Esler has been serving the requirements of design professionals in need of engineer and architect insurance by supplying a variety of effective alternatives. We’re an independent broker. This means that unlike larger engineers and architects we can customize a plan which will suit your exact needs. Contact the experts today at Fenner & Esler and find out exactly what we can do for you.