Fenner & Esler is not only a highly rated architect & engineers insurance company, but we additionally supply design professionals with the best alternatives for engineers EPLI. In addition to supplying professional services, many engineers and engineers also act as employers for a team of assistants and administrative specialists. In any creative firm, working relationships are often close ones, resulting in a blurring of the lines between employer and employee, which may lead to issues in terms of legal liabilities associated with the employer position. Engineer employment practice insurance is essential for design professionals who want to make sure their company runs smoothly in the long term.
Engineers EPLI from a qualified independent architect and engineer insurance company like such as Fenner & Esler is essential because even in the most closely-knit design firms, employment issues could spring up. Establishing an exhaustive set of H.R. practices and policies can go quite a distance towards shielding you from employment liability issues; however, such measures are inadequate in the face of an actual lawsuit. Even lawsuit that’s frivolous could be incredibly costly to defend. Engineer EPLI provides a monetary firewall in the event of worker claims of discrimination, wrongful termination, harassment or disciplinary actions, or other workplace-related problems. Employment practice insurance for engineers will insure the full costs of defending a case, and pay for a settlement should the case require it.
Engineer Insurance Company
When submitting an application for employment practice insurance for engineers, it is typical for the insurance carrier to request a copy of the firm’s human resources policy and procedure manual. If the company works with an independent engineers or engineers insurance brokerage who specializes in EPLI for engineers, the agent will make sure that policy and procedure handbook has the info that is needed by the insurance companies. Additionally, the seasoned insurance specialist has the experience presenting the program for coverage to ensure that the business will get the defense it needs for the most affordable premium possible. Moreover, the insurance agent also functions as a partner in risk management by providing advice when difficult situations with employees arise.
Engineer Insurance Companies
Our policies for engineers and architects insurance coverage work on a claims-made basis; for this reason, it’s critical that coverage is maintained continuously, otherwise the company might not be covered. Retroactive coverage riders are obtainable from some suppliers but these can be more costly. Somebody new to the process can easily find themselves overwhelmed by all the options which are available. This is why we are here to help as an engineers and engineer insurance company well versed to the ins and outs of working in the business.
Since 1923, Fenner & Esler has been serving the requirements of design professionals who have needed engineers and architects insurance coverage by supplying a variety of effective options. We can customize a plan which will suit your precise individuals requirements because we are an independent brokerage. This is something difficult to obtain from larger architect and engineer insurance brokerages. Whatever your insurance needs are, feel free to contact the experts at Fenner & Esler today.