If you’re you need a leading architect and engineer insurance company, Fenner & Esler is standing ready to assist you. Every engineer in Virginia should obtain quality engineer professional liability insurance coverage, irrespective of the firm’s size. Effective insurance coverage provides professionals with the monetary protection they require in case of allegations of neglect or breach of contract. We are experts in handling the insurance needs of engineers and other design professionals. This is the reason such a large number of design professionals have made Fenner & Esler their first call rather than relying on larger online engineers insurance companies.
Even the most thorough engineer who follows all the industry’s regulations to the best of their ability must understand the risk of a lawsuit which claims that some omission or error in a building or other structure they worked on resulted in physical injury or property damage. For the most part this litigation occurs a great deal of time after the completion of the project. Even if the claims of negligence turn out to be frivolous, the legal cost can be substantial. A quality engineers insurance broker is necessary for the protection of individual engineers, as well as engineering firms, from the catastrophic financial costs of errors and omissions litigation. Quality engineer insurance acts as protection from the costs of litigation, in addition to fees associated with settling legal actions or paying the plaintiff if the court sides against the engineers or firm. In the event a suit is filed against the engineer or firm, the insurance company will obtain legal representation to help determine the suit’s merits to come up with the best course of action
Engineer Insurance Company
If you are doing business as a design professional you shouldn’t ever go without insurance from a qualified engineers insurance company. While some engineers may elect to go without this coverage under the false premise that the project owner’s insurance will provide safety in case of a claim, some find, often when a claim is made years later, that they are not protected. The others decide to set aside the cash themselves and self insure, only to find that the cost of litigation is significantly more than they anticipated. Without the services of an independent engineer insurance brokerage the cost of settling claims or defending against unfounded allegations of negligence has the potential to bankrupt a company.
When asked why they opt out of engineer insurance coverage a lot of professionals cite the expense of the policies that they’ve found online. Typically, the engineer insurance plans offered by these companies on the net are one size fits all plans that provide more coverage than what is needed by small firms. This is where Fenner & Esler comes in. We can tailor for you a customized policy from several A-rated carriers that is fitted to the requirements of your company. This makes the premium for insurance a lot less expensive. Another benefit of using Fenner & Esler is that our policies are scalable so that as the engineer firm takes on bigger jobs, the limitations of liability of the policy could be expanded. Something a leading independent broker like Fenner & Esler will offer you is the ability to get insurance for a special job. If you undertake a single big project which will require more insurance, you can handle it without the need to update your normal policy.
Engineers Insurance Brokerage
When thinking about shopping for good engineers insurance coverage, it is helpful to consider the process as comparable to adding someone into your firm. Advice for risk management strategies is another advantage of using an independent broker like Fenner & Esler. For example, we provide advice for young engineers about how you can spread the risk related to large projects among different professionals. When there are delays in a task beyond the engineer’s management, as experts in insurance we can help with negotiating contract terms to keep you from assuming liability.
Engineers Insurance Companies
We provide options for insurance for a different professionals in the design industry at Fenner & Esler. This includes:
? Engineer Insurance
? Engineer Insurance
? Structural Engineers Insurance
? Environmental Consultants Insurance
? Surveyor Insurance
Engineer Insurance Coverage
Being without engineer insurance is professional suicide for any professional engineer. When you are trying to find a quality engineer insurance brokerage, Fenner & Esler is here to fulfill all your needs. Don’t wait, call us straight away!