It is absolutely essential for any surveyors firm to find surveyors insurance which is able to be customized to meet the size and requirements of the firm. A great deal of survey firms opt to get merely a generic choice when it comes to surveyor errors and omissions insurance coverage, which may provide either coverage beyond the firm’s needs or coverage that’s insufficient, leaving the firm open to the financial costs associated with claims or litigation. It is known that such policies frequently neglect to cover the extent of legal and court fees you may incur, or you could be stuck paying for coverage that is far more than what is required for your individual firm. In either circumstance, the firm stands to lose a significant amount of money.
In the event of a lawsuit being filed against the firm for alleged negligence or mistakes, surveyor errors & omissions insurance will offer protection. Additionally, surveyor’s PLI will provide coverage for the surveyor’s legal defense, because even if the court finds the firm to be not liable, the cost of a legal defense are known to run into the tens of thousands of dollars. For example, a plaintiff pursued a lawsuit against a land surveyor in 2000, all the way to the Georgia Supreme Court. The costs of the legal defense were quite substantial, despite the fact that in the end, the court found the land surveyor not at fault.
Insurance Coverage Surveyors
Since surveyors insurance usually works on a claims-made basis, surveyor firms have to be sure their surveyors E & O insurance coverage doesn’t lapse in order to ensure they’re protected in the event of a lawsuit. Since the statute of limitations can be several years, the policy enforced at the time of a job needs to be in force for the amount of time the statute of limitations permits lawsuits. Additionally take into account that contrary to larger surveyor E & O brokers, Fenner and Esler will go over strategies for risk management for your practice.
Fenner & Esler is an independent brokerage supplying quality services when it comes to:
Environmental Consultants Insurance
Professional Liability Insurance Company Surveyors
When shopping for the best E & O for surveyors that is customized for the needs and size of your firm, it’s important for you to find an independent brokerage with agents that have years of experience building customized errors and omissions coverage for surveyors in Georgia. Fenner and Esler Insurance is an independent surveyor insurance brokerage that offers a wide range of highly rated insurance product. We’ve been offering quality PL insurance for surveyors in Georgia for over thirty years. If you would like to find out additional information regarding how we can meet your needs, call us at (201) 262-1200.