Fenner & Esler isn’t just a top rated architects & engineers insurance company. We also provide design professionals with the finest alternatives in terms of structural engineer employment practice liability insurance. On top of providing professional services, a lot of structural engineers and structural engineers also act as employers for a team of assistants and administrative professionals. In any creative firm, working relationships are frequently close ones, leading to a blurring of the lines between employer and worker, which in turn can lead to issues in terms of legal obligations related to the employer position. To protect the future economic solvency of the company as a whole, employment practice liability insurance for structural engineers is an essential investment.
Structural Engineer Insurance
Structural Engineer employment practice liability insurance from a respected independent architects & engineers insurance company like such as Fenner & Esler is important because even in design firms that are closely knit, employment issues could spring up. Even if you are confident in your HR structure to guard you from liability in many instances, there may come a time when you are facing some sort of legal action. Even when a legal action is without merit, the cost of litigation can be substantial. If a worker brings allegations of wrongdoing in the workplace (wrongful disciplinary actions, wrongful termination, harassment or discrimination, for example) a buffer zone may be needed to stop the cost of the lawsuit from affecting the company negatively. EPLI for structural engineers can cover the full expenses of defending a case, and take care of a settlement should the case require it.
Structural Engineer Insurance Company
When a company applies for EPLI for structural engineers, the insurance provider is going to generally ask to obtain a copy of the firm’s manual on HR procedure and policy. If the company operates with an independent structural engineers or structural engineers insurance broker who specializes in employment practice insurance for structural engineers, the agent will make sure that policy and procedure manual has the info that is required by the insurance companies. An insurance business expert with experience in presenting applications will be able to help design professionals to comply more carefully with the demands of insurance companies, garnering the greatest rates available. Moreover, the insurance broker additionally acts as someone in risk management by providing advice when difficult employee situations arise.
Structural Engineer Insurance Companies
The majority of employment practice liability insurance for structural engineers policies will merely cover claims made throughout the lifetime of that policy, therefore it is essential to ensure that the coverage is active at all times. It is possible to find insurance which will cover activities retroactively, but the rates on such guidelines will be more costly. Somebody new to the procedure can easily find themselves overwhelmed by the wealth of options which are available. This is why we’re here to help as an structural engineer & structural engineers insurance company well versed to the ins and outs of working in the business.
Architects & Engineers Insurance
Fenner & Esler’s experts in employment practice liability insurance for structural engineers work with a select group of A-rated insurance carriers to assist your firm in obtaining the most cost-effective policy that covers your needs, ensuring that your business consistently enjoys protection from legal action associated to employee problems.
Structural Engineers Insurance
Serving design professionals as a top architect and engineer insurance company since 1923, Fenner & Esler is able to provide you with a variety of effective choices. As an independent broker, we’re capable of customizing insurance policies which will fit your precise requirements, unlike larger structural engineers and structural engineers brokerages. Contact the experts today at Fenner & Esler and find out exactly what we can do for you.