Fenner & Esler isn’t only a highly rated architect and engineers insurance company. We additionally provide design professionals with the best options when it comes to engineers EPLI. On top of supplying professional services, many engineers and engineers also act as employers for a staff of assistants and administrative experts. In any innovative firm, working relationships are often close ones, resulting in a blurring of the lines between employer and employee, which in turn can lead to issues in terms of legal obligations related to the employer position. In order to protect the long-term financial viability of the design company, it is essential to carry engineer EPLI.
Even in the most closely knit design firms, employment issues can arise, making EPLI for engineers an investment that’s essential. Creating an exhaustive set of H.R. practices and procedures can go quite a distance towards protecting you from employment liability issues; however, such actions are insufficient in the face of an actual lawsuit. Despite the fact that a legal action may be without merit, the cost of litigation can be considerable. Employment practice insurance for engineers can offer a monetary firewall in case of employee claims of discrimination, harassment, wrongful termination or disciplinary actions, or other workplace-related issues. EPLI for engineers can cover the full expenses of defending a case, and take care of a settlement should the situation demand one.
Engineer Insurance Company
When submitting an application for employment practice liability insurance for engineers, it is common for the insurance provider to ask for a copy of the firm’s human resources policy and procedure manual. Independent engineers and engineers insurance brokers that specialize in engineers EPLI will be in a place to review these documents and ensure that they are fit for purpose. An insurance industry expert with experience in presenting applications can assist design professionals to comply more closely with the requirements of insurance companies, getting the best rates available. Moreover, the insurance broker also functions as a partner in risk management by providing advice when difficult employee situations come up.
Engineer Insurance Companies
Engineers EPLI works 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 provide a rider for retroactive coverage, it may be more expensive. The significant expertise we have at Fenner & Esler as an experienced engineer and engineers insurance brokerage will work to your advantage because this process can easily be overwhelming for somebody who is just getting started.
Architects & Engineers Insurance
The specialists in engineers employment practice insurance at Fenner & Esler are able to help your firm get the best coverage to suit your needs in Tennessee from numerous A rated carriers so that the firm will always have safety from employee-related legal actions.
Since 1923, Fenner & Esler has been serving the needs of design professionals who have needed architects & engineers insurance coverage by supplying a wealth of effective choices. We are an independent brokerage. This means that unlike larger engineer and engineer we can customize a plan which will suit your exact needs. Whatever your insurance needs are, feel free to contact the experts at Fenner & Esler today.