Fenner & Esler is not merely a top rated architect and engineers insurance company, but we also supply design professionals with the best options for engineer employment practice insurance. On top of providing professional services, a lot of engineers and engineers additionally act as employers for a team of assistants and administrative experts. In any innovative company, working relationships are frequently close ones, leading to a blurring of the lines between employer and employee, which in turn may lead to issues in terms of legal liabilities associated with the employer position. To protect the future financial solvency of the business as a whole, employment practice liability insurance for engineers is an investment that’s indispensable.
Engineer employment practice liability insurance from a respected independent architect & engineers insurance company like such as Fenner & Esler is important because even in design firms which are closely knit, employment issues can arise. Even if you are assured in your HR framework to protect you from liability in most circumstances, there can come an occasion when you are facing some sort of legal action. Going to court is a costly process even when you win the case. When a worker brings allegations of wrongdoing in the workplace (wrongful disciplinary action, wrongful termination, discrimination or harassment, for instance) a buffer zone may be necessary to stop the expense of the litigation from affecting the business negatively. Engineer employment practice insurance provides protection, up to the limits of liability, for the cost of litigation in addition to the expenses for any settlement of the case.
Engineer Insurance Company
When a firm applies for engineers employment practice insurance, the insurance provider is going to typically ask to obtain a copy of the firm’s manual on HR process and policy. If the business operates with an independent engineers or engineers insurance broker who specializes in EPLI for engineers, the agent can make certain that policy and procedure handbook has the info that is required by the insurance companies. A broker can also tailor the application to ensure that the client’s application fits their business needs, while additionally searching for the cheapest possible premium. Moreover, the insurance agent also functions as a partner in risk management by providing advice when problematic situations with employees come up.
Engineers Insurance Brokers
Our policies for architect & engineers insurance coverage operate on a claims-made basis; for this reason, it is critical that coverage is maintained constantly, or else the company may not be insured. It’s possible to find insurance that will cover activities retroactively, but the premiums on such policies are going to be more costly. The substantial expertise 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 who is just getting started.
Architects & Engineers Insurance
The specialists in architect & engineers insurance coverage at Fenner & Esler can assist your firm get the best coverage to suit your demands in Virginia from numerous A rated carriers so that your firm will also have protection from worker-related legal actions.