Fenner & Esler isn’t just a highly rated engineers and architects insurance company, but we also provide design professionals with the finest alternatives for EPLI for architects. The majority of architects and architects have some employees, made up of administrators and assistants. In any creative firm, working relationships are often close ones, resulting in a blurring of the lines between employer and worker, which can lead to issues in terms of legal obligations related to the employer position. In order to protect the long-term financial viability of the design firm, it is crucial to take advantage of architects employment practice insurance.
EPLI for architects from a qualified independent architect and engineers insurance brokerage like such as Fenner & Esler is important because even in design firms which are closely knit, employment issues could arise. While a complete human resource policy and procedure can function as the foundation for protecting you from liability issues, it’s not enough when a suit occurs. Even when a legal action is without merit, the price of litigation could be significant. When a worker brings allegations of wrongdoing in the workplace (wrongful disciplinary measures, wrongful termination, discrimination or harassment, for instance) a buffer zone might be necessary to avoid the cost of the lawsuit from impacting the company negatively. Up to the optimum limit of liability, an appropriate architects employment practice insurance product can provide architects and architects and creative professionals with protection to manage the expense of defending a lawsuit; it can also cover any costs incurred in settling the suit.
Architects Insurance Broker
When submitting an application for engineer employment practice liability insurance, it’s common for the insurance provider to ask for a copy of the firm’s HR policy and procedure manual. Independent architects and architects insurance brokerages that specialize in engineer employment practice insurance will be in a position to examine these documents and make certain that they’re fit for purpose. An agent can also tailor the application to make sure that the client’s application suits their business needs, while also seeking for the lowest possible premium. An insurance professional will also collaborate with customers in managing risk, offering expert guidance throughout these crucial episodes when employer/employee friction has arisen.
Architect Insurance Brokers
Employment practice insurance for architects operates on the basis of claims made; for this reason, it is imperative that coverage is kept continuously, or else the firm might not be covered. Retroactive coverage riders are obtainable from some companies but these can be more costly. Someone new to the process can find themselves easily overwhelmed by the wealth of options which are available. This is why we are here to assist as an a&e insurance company well versed to the ins and outs of working in the business.
Fenner & Esler’s specialists in employment practice liability insurance for architects use a select group of A-rated insurance carriers to help your firm to obtain the most cost-effective policy that handles your needs, making sure that your business consistently enjoys protection from litigation associated to employee issues.
Serving design professionals as a top engineer and architect insurance broker since 1923, Fenner & Esler can provide you with a variety of effective options. We’re able to customize a plan which will suit your precise individuals needs because we are an independent brokerage. This is something hard to find from larger engineers and architects brokerages. Whatever your insurance needs are, feel free to contact the experts at Fenner & Esler today.