Fenner & Esler isn’t only a top rated architect and engineers insurance company. We additionally offer design professionals with the best alternatives in terms of engineer employment practice liability insurance. As well as providing their own services as design professionals, it’s typical for engineers and engineers to use assistants and other personnel to whom they can delegate design-related or administrative tasks. In any creative business, working relationships are often close ones, leading to a blurring of the lines between employer and worker, which in turn can lead to issues in terms of legal liabilities associated with the employer position. To safeguard the future financial solvency of the company as a whole, engineers employment practice insurance is an indispensable investment.
Engineers EPLI 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 spring up. Establishing an exhaustive set of H.R. practices and guidelines can go quite a distance towards shielding you from employment liability issues; nevertheless, such steps are inadequate in the face of actual litigation. Going to court is an expensive process even when you win the case. When an employee brings allegations of wrongdoing in the workplace (wrongful disciplinary actions, wrongful termination, harassment or discrimination, for example) a buffer zone may be required to stop the cost of the lawsuit from impacting the company in a negative fashion. employment practice liability insurance for engineers can insure the full costs of defending a case, and pay for a settlement should the situation require one.
Engineer Insurance Company
When submitting an application for engineers employment practice insurance, it is common for the insurance carrier to request a duplicate of the firm’s human resources policy and procedure manual. If the firm operates with an independent engineers or engineers insurance company who specializes in engineer EPLI, the agent can make certain that policy and procedure manual has the information that is needed by the insurance companies. An insurance market specialist with expertise in presenting applications will be able to assist design professionals to comply more carefully with the requirements of insurance companies, garnering the best rates available. Brokers additionally possess an understanding of engineer employment practice insurance which enables them to offer advice and help should an employee make a claim.
Engineer Insurance Companies
As EPLI for engineers works on a basis of claims-made, it is crucial to maintain constant protection so that the company is protected. Retroactive coverage riders are obtainable from some providers but these can be more costly. The considerable experience we have at Fenner & Esler as an experienced engineers and engineer insurance company will work to your advantage because this process can easily be overwhelming for someone that’s just getting started.
Architects & Engineers Insurance
Fenner & Esler’s specialists in engineer employment practice insurance use a select team of A-rated insurance carriers to help your business to obtain the most cost-effective plan that handles your needs, ensuring that your business consistently enjoys protection from litigation related to employee issues.
Serving design professionals as a leading architect and engineer insurance company since 1923, Fenner & Esler is able to supply you with a variety of effective alternatives. We can customize a plan which will suit your exact individuals needs because we’re an independent brokerage. This is something difficult to find from larger engineer and engineer brokerages. Whatever your insurance needs are, feel free to contact the experts at Fenner & Esler today.