Fenner & Esler is not just a top rated architect and engineers insurance company. We additionally supply design professionals with the finest options in terms of engineers employment practice insurance. As well as providing their particular providers as design professionals, it is typical for engineers and engineers to employ assistants and other workers to whom they can delegate design-related or administrative tasks. In any innovative 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 related to the employer position. To safeguard the future economic solvency of the firm as a whole, EPLI for engineers is an investment that’s indispensable.
Even in the most closely knit design firms, employment issues can arise, making engineer employment practice liability insurance an essential investment. Establishing an exhaustive set of human resources practices and policies can go quite a distance towards safeguarding you from employment liability issues; however, such measures are insufficient in the face of actual litigation. Even when a legal action is without merit, the cost of litigation could be considerable. If a worker brings allegations of wrongdoing in the workplace (wrongful disciplinary measures, wrongful termination, discrimination or harassment, for instance) a buffer zone may be necessary to prevent the cost of the lawsuit from impacting the business in a negative way. Engineer employment practice insurance provides protection, up to the limits of liability, for the cost of litigation in addition to the costs for any resolution of the case.
Engineers Insurance Company
If a firm applies for engineers employment practice insurance, the insurance carrier will commonly ask to see a copy of the firm’s manual on HR procedure and policy. Electing to insure with an insurance broker for engineers or engineers specializing in EPLI for engineers can be helpful; the broker can ensure that the HR manual details all of the information on policy and process that the insurance providers they work with may need. An insurance industry specialist with experience in presenting programs can help design professionals to comply more carefully with the requirements of insurance companies, getting the greatest rates available. Moreover, the insurance broker additionally functions as someone in risk management by providing assistance when difficult employee situations come up.
Engineers Insurance Companies
The bulk of architect & engineers insurance coverage policies are only going to cover claims made throughout the lifetime of that policy, therefore it is essential to ensure that the coverage is active constantly. While some carriers offer a rider for retroactive coverage, it can be more expensive. The significant experience we have at Fenner & Esler as an experienced engineer & engineers insurance company will work to your advantage because this process can be easily overwhelming for someone that’s just getting started.
Architects & Engineers Insurance
The specialists in architect and engineer insurance coverage at Fenner & Esler can help your firm get the best plan to match your needs in South Carolina from numerous A rated carriers to ensure that your firm will always have safety from worker-related legal actions.
Since 1923, Fenner & Esler has been serving the requirements of design professionals in need of engineer and architect insurance coverage by providing a wealth of effective choices. We are 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.