Fenner & Esler isn’t only a top rated architect & engineers insurance company, but we also provide design professionals with the finest options for EPLI for engineers. In addition to providing professional solutions, many engineers and engineers additionally act as employers for a team of assistants and administrative specialists. In any creative company, working relationships are often close ones, leading to a blurring of the lines between employer and worker, which may lead to issues in terms of legal obligations related to the employer status. To safeguard the future financial solvency of the business as a whole, engineers employment practice liability insurance is an investment that’s indispensable.
EPLI for engineers from a qualified independent architect and engineers insurance company like such as Fenner & Esler is important because even in design firms which are closely knit, employment issues could arise. While a comprehensive human resource policy and procedure can function as the foundation for protecting you from liability issues, it is not enough when a suit arises. Even when a legal action is without merit, the price of litigation could be substantial. When an employee brings allegations of wrongdoing in the workplace (wrongful disciplinary measures, wrongful termination, harassment or discrimination, for example) a buffer zone might be needed to avoid the cost of the suit from affecting the company negatively. Engineers employment practice liability insurance can cover the full charges of defending a case, and take care of a settlement should the situation need one.
Engineers Insurance Brokerage
When you ask an insurer to provide you with EPLI for engineers, they will first ask to obtain a copy of all internal documents concerning your human resource guidelines. Independent engineers and engineers insurance companies that specialize in engineers employment practice insurance is going to be in a place to examine these files and ensure that they’re fit for purpose. An insurance market expert with expertise in presenting applications will be able to assist design professionals to comply more closely with the demands of insurance companies, garnering the greatest premiums available. An insurance broker will also work together with clients in controlling risk, offering expert guidance during those crucial incidents when employer/employee friction has arisen.
Engineer Insurance Brokers
Our policies for architect & engineers insurance coverage work on the basis of claims made; for this reason, it’s critical that coverage is maintained continuously, or else the firm may not be insured. While some carriers offer a rider for retroactive coverage, it may be more expensive. The significant expertise we have at Fenner & Esler as an experienced a&e insurance company will work to your advantage because this process can easily be overwhelming for somebody who is just getting started.
Architects & Engineers Insurance
Fenner & Esler architect & engineers insurance coverage specialists are professionals in the area and can find an insurance answer with an A rated carrier that’s customized only for you in New Jersey, ensuring that the stability of your business is always guaranteed.
Fenner & Esler has been serving the needs of design professionals in need of architect and engineer insurance coverage by providing a variety of effective alternatives since 1923. As an independent broker, we’re able to customize insurance policies which will fit your exact requirements, unlike larger engineer and engineer brokerages. Contact the experts today at Fenner & Esler and find out exactly what we can do for you.