It is vital for any surveyors firm to obtain surveyor insurance which can be customized to meet the size and requirements of the firm. A great deal of survey firms choose to use merely a one size fits all choice when it comes to surveyor professional liability insurance, which may provide either coverage beyond the firm’s requirements or insufficient coverage that leaves the firm open to the financial damages that come with claims or litigation. The unfortunate truth is that in the vast majority of situations, such policies fail to cover the full extent of legal and court expenses that will be required, or you’re forced into paying for a policy that’s far beyond the requirements of your firm. Either way, your firm loses money as a result of not being able to find errors and omissions coverage for surveyors that works best for you specifically.
In the event of a lawsuit being filed for supposed mistakes or negligence against the firm, surveyors E&O coverage will provide protection. In addition, surveyor’s PLI will provide coverage for the surveyor’s legal defense, since court fees can be detrimental even if the firm is not found to be liable. One example is a 2000 lawsuit that was pursued against a land surveyor that went all the way to the supreme court of New Jersey. The legal fees were quite substantial, despite the fact that when all was said and done, the court decided that the land surveyor was not to be liable.
E&O Coverage Surveyors
It’s also crucial to find a firm that is dependable and will still be operating whenever it comes time for you to seek the protection of your surveyor insurance. This is owing to the fact that errors & omissions insurance coverage for surveyors works on a claims-made basis, and in case of your coverage lapsing you will find yourself unprotected. Since the statute of limitations can be several years, the policy you’re covered under at the time of the work provided needs to still be in effect at least as long as the statute of limitations permits a lawsuit to be made. Fenner and Esler is going to also review risk management strategies for your practice, a service that you’re not going to obtain from bigger surveyors liability insurance brokerages.
Fenner & Esler is an independent broker providing quality services when it comes to:
Environmental Consultants Insurance
Liability Insurance Brokerage Surveyors
When shopping for the best surveyors errors and omissions insurance which is customized for the size and needs of your firm, you need to find an independent brokerage with agents possessing years of experience customizing professional liability insurance coverage for surveyors in New Jersey. Fenner and Esler Insurance is an independent E & O insurance company for surveyors that offers a broad range of highly rated insurance product. We’ve got more than 30 years of experience in providing E&O insurance for surveyors in New Jersey. If you would like to learn additional information regarding what we can do, call us at (201) 262-1200.