Fenner & Esler is not merely a top rated architect and engineer insurance company, but we additionally supply design professionals with the finest alternatives for engineers employment practice liability insurance. On top of supplying professional solutions, many engineers and engineers additionally act as employers for a team of assistants and administrative experts. In any innovative business, working relationships are often close ones, leading to a blurring of the lines between employer and employee, which in turn can lead to issues in terms of legal liabilities associated with the employer status. To protect the future economic solvency of the firm as a whole, engineers employment practice insurance is an essential investment.
Even in the most closely knit design firms, it’s possible for employment issues to arise, making engineers employment practice liability insurance an essential investment. Creating an exhaustive set of H.R. practices and guidelines can go a long way towards protecting you from employment liability issues; however, such measures are inadequate in the face of an actual lawsuit. Going to court is a costly procedure even when you win the case. When an employee brings allegations of wrongdoing in the workplace (wrongful disciplinary action, wrongful termination, harassment or discrimination, for example) a buffer zone may be required to avoid the cost of the suit from affecting the organization negatively. EPLI for engineers can cover the full costs of defending a case, and pay for a settlement should the case need one.
Engineers Insurance Company
When a firm applies for employment practice insurance for engineers, the insurance provider is going to commonly ask to see a copy of the firm’s manual on HR process and policy. If the company works with an independent engineers or engineers insurance brokerage who specializes in engineers EPLI, the broker will make certain that policy and procedure handbook has the info that is required by the insurance companies. A broker can also tailor the program to ensure the client’s application fits their business needs, while additionally searching for the cheapest possible premium. An insurance professional will also collaborate with customers in managing risk, providing expert assistance throughout these vital incidents when employer/employee friction has arisen.
Engineer Insurance Companies
Our policies for architect & engineers insurance coverage operate on a claims-made basis; for this reason, it’s imperative that coverage is maintained constantly, otherwise the business may not be insured. Retroactive coverage riders are available from some providers but these can be more expensive. The significant expertise we have at Fenner & Esler as an experienced engineers and engineer insurance company will work to your benefit because this process can be easily overwhelming for somebody that’s just getting started.
Architects & Engineers Insurance
Fenner & Esler’s specialists in architect and engineers insurance coverage use a select group of A-rated insurance carriers to assist your firm in obtaining the most cost-effective plan that handles your needs, making sure that your business consistently enjoys protection from legal action associated to employee problems.
Fenner & Esler has been serving the needs of design professionals in need of architects and engineers insurance coverage by supplying a wealth of effective alternatives since 1923. we’re capable of customizing a plan which will suit your exact individuals needs as a result of the fact that we are an independent brokerage. This is something difficult to obtain from larger engineer and engineer brokerages. Contact the experts today at Fenner & Esler and find out exactly what we can do for you.