Fenner & Esler is not just a highly rated architect and engineers insurance broker. We also supply design professionals with the finest alternatives when it comes to EPLI for engineers. In addition to supplying their own providers as design professionals, it is common for engineers and engineers to employ assistants and other staff members to whom they can delegate design-related or administrative tasks. In any creative company, working relationships are often close ones, resulting in a blurring of the lines between employer and employee, which in turn may lead to issues in terms of legal obligations related to the employer status. Engineer employment practice liability insurance is important for design professionals that wish to ensure the smooth running of the firm in the long-term.
Legal issues come up in even the most closely knit of design firms. This makes EPLI for engineers from an experienced independent engineer and architect insurance company like such as an absolutely essential investment. While a comprehensive human resource policy and process can serve as the building blocks for guarding you from liability problems, it is not enough when a suit occurs. Even when a legal action is without merit, the price of litigation can be large. employment practice liability insurance for engineers provides a financial firewall in the case of employee claims of discrimination, harassment, wrongful termination or disciplinary actions, or other workplace-related issues. Up to the maximum limit of liability, an appropriate EPLI for engineers product can provide engineers and engineers and creative specialists with coverage to take care of the price of defending a lawsuit; it can also cover any costs incurred in settling the suit.
Engineer Insurance Broker
When a firm applies for engineer employment practice insurance, the insurance carrier is going to generally ask to see a copy of the firm’s manual on HR process and policy. If the firm works with an independent engineers or engineers insurance broker who specializes in engineer employment practice insurance, the agent can ensure that policy and procedure manual has the info that is required by the insurance companies. An agent can also tailor the application to make sure that the client’s application fits their business needs, while also seeking for the cheapest possible premium. An insurance broker will also collaborate with clients in controlling risk, providing professional assistance throughout these crucial incidents when employer/employee friction has arisen.
Engineer Insurance Brokers
Since engineer employment practice liability insurance works on a basis of claims-made, it’s vital to maintain continuous protection so that the firm is protected. It’s possible to locate insurance which will cover events retroactively, but the rates on such guidelines are going to be more costly. The considerable experience we have at Fenner & Esler as an experienced a&e insurance broker will work to your advantage because this process can easily be overwhelming for someone who is just getting started.
Fenner & Esler’s specialists in engineer employment practice liability insurance work with a select group of A-rated insurance carriers to help your firm to get the most cost-effective coverage that handles your needs, making certain that your enterprise consistently enjoys protection from legal action associated to employee issues.
Fenner & Esler has been serving the requirements of design professionals in need of engineers and engineers insurance by supplying a variety of effective alternatives since 1923. We’re an independent broker. This means that unlike larger engineers and engineers we can customize a plan which will suit your exact needs. Whatever your insurance needs are, feel free to contact the experts at Fenner & Esler today.