Fenner & Esler isn’t just a highly rated architect and engineers insurance company. We additionally provide design professionals with the best options when it comes to employment practice insurance for engineers. The majority of engineers and engineers have some employees, made up of administrators and assistants. In any creative business, 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 obligations related to the employer status. Engineer employment practice insurance is essential for design professionals that wish to ensure the smooth working of the business in the long-term.
Engineer employment practice insurance from a respected independent architect and engineers insurance broker like such as Fenner & Esler is important because even in the most closely-knit design firms, employment problems could arise. Creating an exhaustive set of H.R. practices and procedures can go a long way towards protecting you from employment liability problems; however, such steps are inadequate in the face of actual litigation. Even a frivolous lawsuit could be incredibly costly to defend. If an employee brings allegations of wrongdoing in the workplace (wrongful disciplinary action, wrongful termination, harassment or discrimination, for example) a buffer zone might be necessary to stop the expense of the lawsuit from impacting the business negatively. Engineer EPLI can insure the total expenses of defending a case, and pay for a settlement should the case demand it.
Engineer Insurance Company
If you’re submitting an application for EPLI for engineers, it is common for the insurance carrier to request a duplicate of the firm’s HR policy and procedure manual. Electing to insure with an insurance brokerage for engineers or engineers who specializes in engineer employment practice insurance will in your best interest; the broker will make sure that the HR manual details all of the information on policy and process that the insurance providers they deal with might need. Additionally, the seasoned insurance professional has the experience to provide the application for coverage so that the business will get the defense it needs for the least expensive premium possible. Moreover, the insurance broker additionally functions as a partner in risk management by offering assistance when problematic employee situations arise.
Engineer Insurance Brokers
Because employment practice insurance for engineers operates on a claims-made basis, it’s crucial to maintain constant coverage so that the company is protected. It’s possible to locate insurance which will cover events retroactively, but the rates on such procedures will be more costly. The significant expertise we have at Fenner & Esler as an experienced engineer & engineers insurance broker will work to your advantage because this process can easily be overwhelming for someone who is just getting started.
Fenner & Esler’s specialists in engineer employment practice insurance work with a select team of A-rated insurance carriers to help your firm to get the most cost-effective coverage that covers your needs, making sure that your business consistently enjoys protection from litigation related to employee problems.
Serving design professionals as a leading engineer and engineer insurance company since 1923, Fenner & Esler is able to supply you with a wealth of effective choices. We’re an independent broker. This means that unlike larger engineer and engineer we can customize a plan which will suit your exact needs. Whatever your insurance needs are, feel free to contact the experts at Fenner & Esler today.