Fenner & Esler is not only a highly rated engineer and architect insurance company, but we also provide design professionals with the finest alternatives for engineer employment practice liability insurance. In addition to offering their particular providers as design professionals, it is typical for architects and architects to employ assistants and other workers to whom they could delegate design-related or administrative jobs. In any creative firm, working relationships are often close ones, resulting in a blurring of the lines between employer and employee, which may lead to issues in terms of legal obligations associated with the employer status. In order to protect the long-term financial viability of the design firm, it is crucial to carry employment practice liability insurance for architects.
Employment practice insurance for architects from a respected independent engineers and architects insurance company like such as Fenner & Esler is essential because even in the most closely-knit design firms, employment problems could spring up. Even if you are confident in your HR framework to guard you from liability in many circumstances, there will come a time when you are facing some sort of legal action. Despite the fact that a legal action may be without merit, the price of litigation can be large. If a worker brings allegations of wrongdoing in the workplace (wrongful disciplinary measures, wrongful termination, discrimination or harassment, for instance) a buffer zone may be required to avoid the cost of the lawsuit from impacting the company negatively. Up to the optimum limit of liability, an appropriate architects employment practice liability insurance product can provide architects and architects and creative professionals with protection to manage the cost of defending a lawsuit; it can also protect any expenses incurred in settling the suit.
Architect Insurance Company
If a firm applies for employment practice insurance for architects, the insurance carrier will normally ask to obtain a copy of the firm’s manual on HR procedure and policy. Independent architects and architects insurance companies that specialize in EPLI for architects is going to be in a position to review these records and make certain that they are fit for purpose. An insurance business expert with expertise in presenting programs can assist design professionals to comply more closely with the demands of insurance companies, getting the best rates available. An insurance broker can also collaborate with clients in controlling risk, offering professional advice throughout these critical incidents when employer/employee friction has arisen.
Architect Insurance Brokers
Our policies for architect and engineers insurance coverage operate on a claims-made basis; for this reason, it’s critical that coverage is kept always, or else the business may not be insured. While some carriers provide a rider for retroactive coverage, it can be more expensive. The substantial expertise we have at Fenner & Esler as an experienced engineers and architect insurance broker will work to your benefit because this process can be easily overwhelming for someone that’s just getting started.
Architects & Engineers Insurance
Fenner & Esler’s experts in architect & engineers insurance coverage work with a select team of A-rated insurance carriers to assist your firm in obtaining the most cost-effective coverage that addresses your needs, ensuring that your business consistently enjoys protection from litigation associated to employee issues.
Fenner & Esler has been serving the needs of design professionals in need of architects & engineers insurance coverage by supplying a variety of effective alternatives since 1923. we are capable of customizing a plan which will suit your exact individuals needs because we are an independent brokerage. This is something hard to find from larger architects and engineers brokerages. Contact the experts today at Fenner & Esler and find out exactly what we can do for you.