At Fenner & Esler, in addition to supplying first class architects and engineers insurance, we supply options for surveyor insurance. Regardless of size, any firm who performs land surveys in Idaho is required to have the safety of insurance for surveyors, that is able to be customized for the both the size of the firm and its needs. A great deal of survey firms opt to get only a one size fits all choice when it comes to professional liability insurance coverage for surveyors, which may provide either coverage beyond the firm’s needs or insufficient coverage that leaves the firm vulnerable to the financial damages associated with claims or litigation. The unfortunate truth is that in most circumstances, these kinds of policies will not cover the full amount of legal and court costs that are going to be needed, or you’re stuck paying for a policy that’s far beyond what your firm will require. Either way, money is lost by your firm as a result of not being able to find errors and omissions coverage for surveyors that suits your individual firm best.
The advantage to professional liability insurance for surveyors is that provides coverage for the surveyor in the case there is a lawsuit filed against the firm for allegations related to allegations of negligence or mistakes made during the survey. The surveyor’s legal defense will be covered completely which is absolutely vital, because even if the court finds the firm free from liability, the cost of a legal defense frequently run into the tens of thousands of dollars. One example is a 2000 lawsuit that was pursued against a land surveyor which went as far as the Idaho Supreme Court. Even though the judicial system didn’t find the land surveyor at fault, the cost of this defense was substantial.
Errors & Omissions Insurance Surveyors
It is also essential to find a firm that is dependable and is going to still be there whenever it comes time for you to seek the protection of your surveyor E & O. This is because errors and omissions insurance for surveyors works on a claims-made basis, and if your coverage lapses you will find yourself unprotected. The statute of limitations for liability can be several years, so the policy enforced at the time of a job should be in force for as long as the statute of limitations permits lawsuits. Fenner and Esler will additionally review risk management strategies for your practice, a service that you aren’t likely to obtain from larger surveyor professional liability brokerages.
We at Fenner & Esler take pride in being an independent insurance brokerage, providing services of the highest quality when it comes to types of insurance like:
Environmental Consultant Insurance
Surveyor E & O Insurance Company
If you’re looking for the best surveyors errors & omissions insurance coverage which is customized for the size and needs of your firm, you need to find an independent brokerage with agents that have years of experience customizing professional liability insurance coverage for surveyors in Idaho. Fenner and Esler Insurance is an independent surveyors insurance brokerage that carries a wide variety of highly rated insurance product. We have been providing the best surveyor PL insurance in Idaho for more than 30 years. To find out additional information about what we can do, call us at (201) 262-1200.