It is vital for any surveyors firm to find surveyor insurance which is able to be customized to suit the size and requirements of the firm. Frequently, many firms to make the mistake of selecting a generic type of liability insurance for surveyors, and often they don’t realize the error until they find themselves in a situation where coverage is needed and not there. The sad reality is that in most cases, such policies won’t cover the full extent of legal and court expenses that are going to be required, or you are forced into paying for a policy that’s far beyond the requirements of your firm. Either way, money is lost by your firm as a result of being unable to find errors and omissions coverage for surveyors that suits your individual firm best.
The advantage to surveyor E & O insurance coverage is that provides coverage for the surveyor in the case there is a lawsuit filed against the firm for allegations related to allegations of negligence or mistakes made during the survey. The surveyor’s legal defense will be completely covered which is absolutely vital, since court fees can be catastrophic even if the firm is found free of any liability. One example is a 2000 lawsuit that was pursued against a land surveyor that went as far as the supreme court of Montana. The legal costs were quite substantial, despite the fact that when all was said and done, the court found the land surveyor not to be liable.
PL Insurance Coverage Surveyor
It is also essential to locate a firm that is dependable and is going to still be around when the time comes for you to seek the protection of your errors & omissions insurance coverage for surveyors. This is owing to the fact that surveyor professional liability insurance works on a claims-made basis, and if your coverage lapses you’ll find yourself unprotected. Since the statute of limitations can be several years, the policy you are protected under at the time of the work provided needs to still be in effect at least as long as the statute of limitations permits a lawsuit to be made. Also take into consideration that contrary to larger surveyor insurance companies, Fenner and Esler will review strategies for risk management for your practice.
Fenner & Esler is an independent broker supplying quality services when it comes to:
Environmental Consultants Insurance
Surveyors Professional Liability Broker
Discovering an independent brokerage with experienced agents is definitely the best thing you could do. If you’re looking for a customized policy for surveyors E&O, you need to find a brokerage that has experience in your area and willing to get you the best possible option. Fenner and Esler Insurance is an independent insurance brokerage for surveyors that carries a wide range of top-rated insurance product. We have been providing the best E&O for surveyors in Montana for more than three decades. If you would like to learn more regarding how we can meet your needs, call us at (201) 262-1200.