Fenner & Esler is not merely a top rated architect & engineers insurance company, but we also supply design professionals with the best alternatives for engineers employment practice insurance. In addition to supplying professional services, many engineers and engineers additionally act as employers for a team of assistants and administrative professionals. In any innovative firm, working relationships are frequently close ones, resulting in a blurring of the lines between employer and employee, which in turn can lead to issues in terms of legal obligations related to the employer status. In order to safeguard the long-term financial viability of the design company, it is essential to carry employment practice liability insurance for engineers.
Engineers EPLI from a qualified independent architect & engineers insurance company like such as Fenner & Esler is important because even in the most closely-knit design firms, employment problems could arise. Even if you are confident in your HR framework to guard you from liability in many circumstances, there can come a time when you are facing some kind of legal action. Even lawsuit that’s frivolous could be incredibly expensive to defend. When an employee brings allegations of wrongdoing in the workplace (wrongful disciplinary action, wrongful termination, harassment or discrimination, for example) a buffer zone might be necessary to avoid the expense of the suit from impacting the company in a negative fashion. Engineers employment practice insurance will cover the full expenses of defending a case, and pay for a settlement should the situation require it.
Engineer Insurance Company
When a company applies for employment practice liability insurance for engineers, the insurance carrier will commonly ask to obtain a copy of the firm’s manual on HR procedure and policy. Choosing to insure via an insurance company for engineers or engineers who specializes in EPLI for engineers will to your benefit; the broker can make sure that the HR manual details all the info on policy and procedure that the insurance companies they deal with may need. An agent can also tailor the program to make sure that the client’s application fits their business needs, while also seeking for the lowest possible premium. Brokers also possess an understanding of EPLI for engineers that enables them to offer advice and help should an employee make a claim.
Engineers Insurance Brokerages
Engineers employment practice liability insurance operates on the basis of claims made; for this reason, it is critical that coverage is maintained constantly, or else the firm may not be insured. While some carriers provide a rider for retroactive coverage, it may be more costly. The considerable expertise we have at Fenner & Esler as an experienced a&e insurance broker will work to your benefit because this process can easily be overwhelming for somebody who is just getting started.
Architects & Engineers Insurance
Fenner & Esler’s specialists in employment practice insurance for engineers use a select group of A-rated insurance carriers to assist your firm in obtaining the most cost-effective policy that addresses your needs, making certain that your business consistently enjoys protection from legal action associated to employee issues.
Since 1923, Fenner & Esler has been serving the needs of design professionals who have needed engineer and architect insurance coverage by providing a wealth of effective choices. We are an independent brokerage. 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.