Fenner & Esler is not only a top rated architect & engineers insurance company, but we additionally supply design professionals with the finest options for engineers EPLI. On top of providing professional services, a lot of engineers and engineers also act as employers for a team of assistants and administrative professionals. In any creative firm, working relationships are often close ones, resulting in 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 position. Employment practice insurance for engineers is important for design professionals that want to ensure the smooth running of the company in the long-term.
Even in the most closely knit design firms, it’s possible for employment issues to arise, making engineers employment practice insurance an investment that’s essential. Creating an exhaustive set of H.R. practices and guidelines can go a long way towards protecting you from employment liability issues; yet, such steps are inadequate in the face of actual litigation. Even a frivolous suit could be incredibly costly to defend. Engineers employment practice insurance can offer a monetary firewall in the event of employee allegations of discrimination, wrongful termination, harassment or disciplinary actions, or other workplace-related problems. Engineer employment practice liability insurance offers protection, up to the limits of liability, for the cost of litigation in addition to the expenditures for any resolution of the case.
Engineers Insurance Company
If a firm applies for engineer employment practice liability insurance, the insurance carrier is going to commonly ask to see a copy of the firm’s manual on HR procedure and policy. If the business works with an independent engineers or engineers insurance company who specializes in EPLI for engineers, the agent can make certain that policy and procedure guide has the information that is required by the insurance companies. An insurance business expert with experience in presenting programs will be able to assist design professionals to comply more closely with the requirements of insurance companies, getting the best premiums available. Moreover, the insurance agent also functions as someone in risk management by offering guidance when problematic employee situations come up.
Engineers Insurance Companies
Because architect & engineers insurance coverage operates on a claims-made basis, it’s crucial to maintain constant protection so that the company is protected. It is possible to locate insurance that will cover events retroactively, but the rates on such policies will be more costly. Someone new to the process can find themselves easily overwhelmed by the wealth of options that are available. This is the reason we are here to assist as an engineer and engineers insurance company well versed to the ins and outs of working in the business.
Since 1923, Fenner & Esler has been serving the requirements of design professionals who have needed architects & engineers insurance coverage by supplying a wealth of effective alternatives. As an independent broker, we’re able to individualize insurance policies which will fit your precise needs, unlike larger architects & engineers insurance companies. Whatever your insurance needs are, feel free to contact the experts at Fenner & Esler today.