Fenner & Esler is not only a highly rated architect and engineers insurance company. We also supply design professionals with the finest alternatives in terms of architects employment practice insurance. In addition to supplying professional solutions, many architects and engineers also act as employers for a team of assistants and administrative experts. In any innovative firm, working relationships are frequently close ones, leading to a blurring of the lines between employer and employee, which in turn can lead to issues in terms of legal obligations related to the employer status. In order to protect the long-term economic viability of the design company, it is vital to take advantage of employment practice insurance for architects.
Architects employment practice insurance from a respected independent architects and engineers insurance company like such as Fenner & Esler is important because even in the most closely-knit design firms, employment issues may arise. Creating an exhaustive set of H.R. practices and procedures can go quite a distance towards protecting you from employment liability problems; nevertheless, such measures are insufficient in the face of actual litigation. Even a frivolous lawsuit may be devastatingly costly to defend. When an employee brings allegations of wrongdoing in the workplace (wrongful disciplinary measures, wrongful termination, discrimination or harassment, for instance) a buffer zone might be required to avoid the expense of the suit from affecting the business negatively. Up to the maximum limit of indebtedness, an appropriate EPLI for architects product can provide architects and architects and innovative specialists with protection to take care of the expense of defending a lawsuit; it can also cover any costs incurred in settling the suit.
Architect Insurance Company
If you’re submitting an application for EPLI for architects, it is typical for the insurance carrier to ask for a duplicate of the firm’s human resources policy and procedure manual. If the business works with an independent architects or architects insurance broker who specializes in EPLI for architects, the broker will ensure that policy and procedure handbook has the info that is required by the insurance companies. An insurance industry expert with expertise in presenting applications will be able to help design professionals to comply more closely with the demands of insurance companies, garnering the best premiums available. An insurance broker can additionally work together with customers in controlling risk, providing professional assistance throughout these crucial incidents when employer/employee friction has arisen.
Architect Insurance Companies
Since architects and engineers insurance coverage operates on a claims-made basis, it is vital to maintain continuous protection so that the firm is protected. It is possible to find insurance that will cover activities in the past, but the premiums on such policies will be more costly. Somebody new to the process can easily find themselves overwhelmed by all the choices which are available. This is the reason we are here to help as an a&e insurance company well versed to the ins and outs of working in the business.
Architects & Engineers Insurance
Fenner & Esler’s specialists in architect & engineers insurance coverage use a select group of A-rated insurance carriers to help your business to get the most cost-effective coverage that covers your needs, making certain that your business consistently enjoys protection from legal action related to employee problems.
Serving design professionals as a leading architects & engineers insurance company since 1923, Fenner & Esler can supply you with a variety of effective choices. As an independent brokerage, we are capable of individualizing insurance policies which will fit your exact needs, unlike larger engineer and architect brokerages. Whatever your insurance needs are, feel free to contact the experts at Fenner & Esler today.