Fenner & Esler isn’t only a highly rated architects and engineers insurance company. We additionally provide design professionals with the best options in terms of architects EPLI.As well as providing their particular solutions as design professionals, it is common for architects and architects to employ assistants and other personnel to whom they could delegate design-related or administrative jobs. In any innovative company, working relationships are often close ones, leading to a blurring of the lines between employer and employee, which in turn may lead to issues in terms of legal liabilities associated with the employer status. EPLI for architects is important for design professionals that wish to make sure their company runs smoothly in the long term.
Architects employment practice liability insurance from a respected independent architect and engineers insurance broker like such as Fenner & Esler is essential because even in the most closely-knit design firms, employment problems may spring up. While a complete human resource policy and procedure can serve as the building blocks for safeguarding you from liability issues, it’s not enough when a lawsuit occurs. Even when a legal action is without merit, the cost of litigation can be considerable. When an employee brings allegations of wrongdoing in the workplace (wrongful disciplinary actions, wrongful termination, harassment or discrimination, for instance) a buffer zone may be necessary to avoid the expense of the suit from impacting the organization negatively. Architect employment practice insurance provides protection, up to the limitations of liability, for the cost of litigation along with the expenses for any settlement of the case.
Architect Insurance Broker
When a firm applies for engineer employment practice liability insurance, the insurance carrier will normally ask to see a copy of the firm’s manual on HR procedure and policy. If the firm operates with an independent architects or architects insurance broker who specializes in architects employment practice insurance, the broker can make sure that policy and procedure handbook has the information that is required by the insurance companies. A broker can also tailor the application to ensure that the client’s application suits their business needs, while also seeking for the best possible premium. Moreover, the insurance broker additionally functions as someone in risk management by offering guidance when problematic situations with employees come up.
Architects Insurance Brokerages
Employment practice insurance for architects works on a claims-made basis; for this reason, it’s critical that coverage is kept constantly, or else the firm may not be covered. It is possible to locate insurance that’ll cover events in the past, but the premiums on such guidelines will be more costly. Someone new to the procedure can easily find themselves overwhelmed by the wealth of options which are available. This is why we are here to help as an engineers and architects insurance company well versed to the ins and outs of working in the business.
Fenner & Esler engineer employment practice liability insurance specialists are experts in the area and will find an insurance answer with an A rated provider that is personalized only for you in Virginia, ensuring that the stability of your business is constantly guaranteed.
Since 1923, Fenner & Esler has been serving the needs of design professionals in need of architect and engineer insurance by providing a wealth of effective options. As an independent brokerage, we are capable of individualizing insurance policies which will 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.