Fenner & Esler is not just a highly rated architect and engineers insurance company. We additionally provide design professionals with the best options in terms of employment practice liability insurance for engineers. Most engineers and engineers have some staff, comprised of administrators and assistants. In any creative company, working relationships are often close ones, resulting in a blurring of the lines between employer and worker, which in turn can lead to issues in terms of legal obligations associated with the employer status. To safeguard the financial success of your business as a whole going forward, engineers employment practice insurance is an investment that’s indispensable.
Even in the most closely knit design firms, employment issues can arise, making engineers EPLI an investment that’s essential. Establishing an exhaustive set of H.R. practices and policies can go a long way towards protecting you from employment liability problems; yet, such measures are insufficient in the face of an actual lawsuit. Even lawsuit that’s frivolous could be devastatingly costly to defend. Employment practice insurance for engineers can provide a fiscal firewall in the event of employee claims of discrimination, wrongful termination, harassment or disciplinary actions, or other workplace-related problems. employment practice liability insurance for engineers supplies coverage, up to the limits of liability, for the expense of litigation in addition to the expenses for any resolution of the situation.
Engineer Insurance Brokerage
When submitting an application for EPLI for engineers, it’s common for the insurance provider to request a duplicate of the firm’s HR policy and procedure manual. If the firm works with an independent engineers or engineers insurance broker who specializes in employment practice liability insurance for engineers, the agent will make sure that policy and procedure manual has the info that is needed by the insurance companies. Also, the experienced insurance specialist has the expertise presenting the application for coverage to ensure that the firm will get the defense it wants for the least expensive premium possible. Brokers additionally possess an awareness of engineers EPLI that enables them to provide advice and assistance should an employee make a claim.
Engineer Insurance Companies
Because architect and engineers insurance coverage works on a basis of claims-made, it’s crucial to maintain continuous coverage so that the company is protected. Retroactive coverage riders are obtainable from some companies but these can be more expensive. Somebody new to the process can easily find themselves overwhelmed by all the options that are available. This is why we’re here to assist 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 architects and engineers insurance coverage by supplying a variety of effective choices. As an independent broker, we’re able to individualize insurance policies that will fit your precise requirements, unlike larger architects & engineers insurance companies. Whatever your insurance needs are, feel free to contact the experts at Fenner & Esler today.