Fenner & Esler isn’t just a highly rated architect and engineers insurance company, but we also supply design professionals with the best alternatives for engineer employment practice insurance. In addition to providing professional solutions, many engineers and engineers also act as employers for a team of assistants and administrative professionals. In any innovative company, 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 associated with the employer position. In order to safeguard the long-term financial viability of the design company, it is essential to carry employment practice insurance for engineers.
EPLI for engineers from a respected independent architect and engineer insurance company like such as Fenner & Esler is essential because even in design firms which are closely knit, employment issues can arise. Creating an exhaustive set of H.R. practices and procedures can go a long way towards protecting you from employment liability problems; yet, such actions are inadequate in the face of an actual lawsuit. Even a frivolous lawsuit could be devastatingly expensive to defend. By having employment practice liability insurance for engineers, you’ll make sure that your financial security is safeguarded against any sort of lawsuit coming from claims of unfair harassment, dismissal or other violations of office regulations. Employment practice insurance for engineers supplies coverage, up to the limits of liability, for the cost of litigation in addition to the expenses for any resolution of the situation.
Engineer Insurance Brokerage
If you’re submitting an application for employment practice insurance for engineers, it’s common for the insurance carrier to request a copy of the firm’s human resources policy and procedure manual. Choosing to insure with an insurance company for engineers or engineers specializing in employment practice liability insurance for engineers can in your best interest; the broker can ensure that the HR manual details all of the info on policy and process that the insurance providers they deal with might require. An insurance industry specialist with expertise in presenting programs will be able to assist design professionals to comply more carefully with the requirements of insurance companies, garnering the best premiums available. Moreover, the insurance broker also acts as someone in risk management by offering advice when difficult employee situations come up.
Engineers Insurance Brokers
As employment practice insurance for engineers works on a basis of claims-made, it is vital to maintain constant coverage so that the firm is protected. Though some carriers offer a rider for retroactive coverage, it may be more costly. Someone new to the procedure can easily find themselves overwhelmed by all the options which are available. This is why we’re here to help as an engineers and engineer insurance brokerage well versed to the ins and outs of working in the business.
Fenner & Esler’s experts in EPLI for engineers work with a select team of A-rated insurance carriers to assist your firm in obtaining the most cost-effective coverage that handles your needs, making sure that your business consistently enjoys protection from litigation associated to employee problems.
Fenner & Esler has been serving the needs of design professionals in need of engineer and engineer insurance by supplying a variety of effective alternatives since 1923. we are capable of customizing a plan which will suit your exact individuals needs because we’re an independent brokerage. This is something hard to obtain from larger engineer and engineer brokerages. Whatever your insurance needs are, feel free to contact the experts at Fenner & Esler today.