It is absolutely essential for any surveyors firm to obtain surveyors insurance that can be customized to suit the size and requirements of the firm. Often, many firms to make the mistake of selecting a generic type of E&O insurance for surveyors, and often they don’t see their mistake until it’s too late. The unfortunate truth is that in the vast majority of cases, these types of policies won’t cover the full extent of court and legal costs that are going to be needed, or you’re stuck paying for a policy that’s far beyond the requirements of your firm. Either way, your firm loses money as a result of being unable to find E&O insurance coverage for surveyors that suits your individual firm best.
In the event of a lawsuit being filed against the firm for alleged negligence or mistakes, insurance coverage for surveyors will offer protection. Additionally, a surveyor professional liability will provide coverage for the surveyor’s legal defense, as court fees can be devastating even if the firm is found free of any liability. For example, a plaintiff pursued a lawsuit against a land surveyor in 2000, all the way to the Rhode Island Supreme Court. Even though the judicial system didn’t find the land surveyor at fault, the defense’s cost was substantial.
Surveyor E & O
Most surveyors insurance works on a claims-made basis, which means surveyor firms need to be certain their E & O insurance for surveyors does not lapse in order to ensure they’re covered in case of a lawsuit. The statute of limitations for liability can be several years, so the policy you are protected under at the time of the work provided should still be in effect at least as long as the statute of limitations permits a lawsuit to be made. Fenner and Esler will additionally go over strategies for risk management for your practice, a service which you’re not likely to obtain from larger professional liability insurance brokers for surveyors.
We at Fenner & Esler take pride in being an independent insurance brokerage, providing services of the highest quality when it comes to types of insurance such as:
Environmental Consultant Insurance
Surveyors Insurance company
If you’re looking for the best surveyor professional liability insurance coverage which is customized for the size and needs of your firm, you need to find an independent brokerage with agents possessing years of experience customizing surveyor insurance coverage in Rhode Island. Fenner and Esler Insurance is an independent surveyors insurance brokerage that offers a wide range of top-rated insurance product. We’ve been offering quality E&O insurance coverage for surveyors in Rhode Island for over thirty years. If you would like to learn more regarding how we can meet your needs, call Fenner and Esler at (201) 262-1200.