Fenner & Esler isn’t only a highly rated engineer and architect insurance company, but we additionally supply design professionals with the best options for architects employment practice liability insurance. Most architects and architects have some employees, comprised of administrators and assistants. In any innovative business, working relationships are often close ones, leading to a blurring of the lines between employer and employee, which can lead to issues in terms of legal liabilities related to the employer position. Architects EPLI is vital for design professionals who want to ensure the smooth running of their business in the long-term.
EPLI for architects from a respected independent architect and engineers insurance company like such as Fenner & Esler is important because even in design firms that are closely knit, employment issues may arise. While a complete human resource policy and procedure can function as the foundation for safeguarding you from liability issues, it is not enough when a suit arises. Even a frivolous suit may be incredibly expensive to defend. When an employee brings allegations of wrongdoing in the workplace (wrongful disciplinary measures, wrongful termination, discrimination or harassment, for instance) a buffer zone might be required to avoid the expense of the litigation from impacting the business negatively. Employment practice insurance for architects will insure the full expenses of defending a case, and pay for a settlement should the situation demand it.
Architects Insurance Company
When a company applies for engineer employment practice insurance, the insurance provider will usually ask to obtain a copy of the firm’s manual on HR procedure and policy. If the company works with an independent architects or architects insurance brokerage who specializes in employment practice insurance for architects, the broker can make certain that policy and procedure guide has the info that is needed by the insurance companies. A broker can also tailor the program to ensure the client’s application fits their business needs, while additionally searching for the lowest possible premium. Brokers also possess an awareness of employment practice insurance for architects which enables them to offer advice and support if an employee makes a claim.
Architects Insurance Companies
EPLI for architects works on a claims-made basis; for this reason, it is critical that coverage is kept constantly, or else the firm might not be insured. It is possible to find insurance that will cover activities retroactively, but the premiums on such procedures are going to be more costly. Somebody new to the procedure can easily find themselves overwhelmed by the wealth of options which are available. This is the reason we’re here to help as an engineers and architects insurance brokerage well versed to the ins and outs of working in the business.
Architects & Engineers Insurance
Fenner & Esler’s specialists in EPLI for architects use a select group of A-rated insurance carriers to help your business to get the most cost-effective plan that handles your needs, making certain that your business consistently enjoys protection from litigation related to employee problems.
Since 1923, Fenner & Esler has been serving the requirements of design professionals in need of architects & engineers insurance coverage by providing a variety of effective alternatives. As an independent brokerage, we’re capable of individualizing insurance policies which will fit your exact needs, unlike larger engineer and architect brokerages. Whatever your insurance needs are, feel free to contact the experts at Fenner & Esler today.