It’s crucial for any surveyors firm to obtain surveyor insurance that is able to be customized to fit the size and requirements of the firm. A great deal of survey firms opt to get only a generic choice when it comes to liability insurance for surveyors, which may provide either coverage beyond the firm’s requirements or coverage that’s insufficient, leaving the firm open to the financial costs that come with claims or litigation. The sad reality is that in the vast majority of situations, these kinds of policies don’t cover the full amount of legal and court fees that will be needed, or you are stuck paying for a policy that’s far beyond what your firm will require. In either circumstance, the firm stands to lose a significant amount of money.
The advantage to surveyor insurance coverage is that covers 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. Additionally, a surveyor professional liability will provide coverage for the surveyor’s legal defense, as even if the court finds the firm free from liability, the cost of a legal defense usually run into the tens of thousands of dollars. For example, a plaintiff pursued a lawsuit against a land surveyor in 2000, taking it as far as the Ohio Supreme Court. Despite the fact that the judicial system did not find the land surveyor at fault, the defense’s cost was substantial.
PL Insurance Coverage Surveyors
It is also vital to locate a firm that is reliable and will still be there whenever it comes time for you to seek the protection of your surveyors liability insurance coverage. This is because liability insurance for surveyors works on a claims-made basis, and if your coverage lapses you’ll 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. Additionally take into account that unlike bigger surveyors E & O insurance coverage companies, Fenner and Esler will review risk management strategies for your practice.
We at Fenner & Esler take pride in being an independent insurance broker, supplying services of the highest quality when it comes to types of insurance such as:
Environmental Consultant Insurance
Surveyor Professional Liability Broker
If you’re shopping for the best surveyors errors & omissions insurance that is customized for the size and needs of your firm, it’s important for you to find an independent brokerage with agents possessing years of experience customizing errors and omissions coverage for surveyors in Ohio. Fenner and Esler Insurance is an independent PL insurance broker for surveyors that offers a wide variety of highly rated insurance product. We have been offering quality surveyors insurance in Ohio for over 30 years. If you would like to learn additional information regarding how we can meet your needs, call Fenner and Esler at (201) 262-1200.