Fenner & Esler is not only a highly rated engineers and architects insurance company. We additionally offer design professionals with the finest options when it comes to employment practice liability insurance for engineers. Most engineers and engineers have some employees, made up of administrators and assistants. In any creative firm, 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. To safeguard the future economic solvency of the company as a whole, engineers employment practice liability insurance is an investment that’s indispensable.
Employment practice insurance for engineers from a respected independent architect & engineers insurance company like such as Fenner & Esler is essential because even in design firms which are closely knit, employment issues can spring up. Creating an exhaustive set of human resources practices and guidelines can go a long way towards safeguarding you from employment liability problems; yet, such steps are insufficient in the face of actual litigation. Even when a legal action is without merit, the cost of litigation may be considerable. Engineers EPLI can provide a financial firewall in the case of employee allegations of discrimination, harassment, wrongful termination or disciplinary actions, or other workplace-related problems. EPLI for engineers offers protection, up to the limits of liability, for the cost of litigation along with the costs for any settlement of the situation.
Engineer Insurance Company
If a company applies for EPLI for engineers, the insurance carrier will generally ask to obtain a copy of the firm’s manual on HR procedure and policy. If the firm works with an independent engineers or engineers insurance company who specializes in engineer employment practice insurance, the agent can make sure that policy and procedure handbook has the info that is needed by the insurance companies. Also, the seasoned insurance specialist has the knowledge to present the program for coverage to ensure that the firm can get the safety it needs for the least expensive premium possible. An insurance broker can also work together with customers in managing risk, providing professional advice throughout these critical incidents when employer/employee friction has arisen.
Engineers Insurance Companies
The bulk of engineers and architects insurance coverage policies will only cover claims made during the life of that policy, therefore it is vital to ensure that the protection is active constantly. While some carriers offer a rider for retroactive coverage, it may be more expensive. As an experienced from a qualified independent engineer and engineer insurance company, Fenner & Esler has the experience to assist you in navigating the process of choosing the ideal options, which can seem overwhelming to someone that’s just getting started.
Serving design professionals as a top engineer and architect insurance company since 1923, Fenner & Esler can provide you with a wealth of effective alternatives. We’re an independent brokerage. This means that unlike larger engineer and engineer we can customize a plan which will suit your exact needs. Contact the experts today at Fenner & Esler and find out exactly what we can do for you.