Fenner & Esler isn’t just a top rated architect and engineers insurance brokerage, but we additionally supply design professionals with the best alternatives for EPLI for architects. The majority of architects and architects have some staff, made up 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 can lead to issues in terms of legal obligations related to the employer position. In order to protect the long-term economic viability of the design company, it is vital to take advantage of architects employment practice liability insurance.
Architect employment practice liability insurance from a qualified independent architect and engineers insurance company like such as Fenner & Esler is essential because even in design firms that are closely knit, employment problems can arise. While a comprehensive human resource policy and procedure can function as the building blocks for safeguarding you from liability issues, it’s not enough when a suit occurs. Even when a legal action is without merit, the cost of litigation can be substantial. If a worker brings allegations of wrongdoing in the workplace (wrongful disciplinary action, wrongful termination, discrimination or harassment, for example) a buffer zone might be required to avoid the cost of the litigation from affecting the organization negatively. Architect EPLI offers protection, up to the limitations of liability, for the expense of litigation along with the costs for any settlement of the case.
Architects Insurance Company
When a firm applies for architects employment practice liability insurance, the insurance carrier will commonly ask to obtain a copy of the firm’s manual on HR process and policy. If the company operates with an independent architects or architects insurance brokerage who specializes in engineer EPLI, the broker can make sure that policy and procedure manual has the information that is required by the insurance companies. An agent can also tailor the software to ensure the client’s application suits their business needs, while also seeking for the cheapest possible premium. An insurance professional can additionally collaborate with customers in controlling risk, offering professional advice throughout these crucial incidents when employer/employee friction has arisen.
Architects Insurance Companies
As EPLI for architects operates on a claims-made basis, it’s essential to maintain continuous protection so that the company is protected. It’s possible to find insurance which will cover events retroactively, but the rates on such policies will be more costly. The substantial experience we have at Fenner & Esler as an experienced a&e insurance broker will work to your benefit because this process can be easily overwhelming for somebody who is just getting started.
Fenner & Esler’s specialists in architects employment practice insurance work with a select group of A-rated insurance carriers to help your firm to obtain the most cost-effective plan that covers your needs, making certain that your business consistently enjoys protection from legal action related to employee problems.
Serving design professionals as a top architects and engineers insurance company since 1923, Fenner & Esler can provide you with a wealth of effective choices. As an independent brokerage, we’re able to customize insurance policies that are going to fit your precise needs, unlike larger engineer and architect brokerages. Contact the experts today at Fenner & Esler and find out exactly what we can do for you.