It’s absolutely essential for any surveyors firm to find surveyor insurance which can be customized to meet the requirements and size of the firm. It’s common for a lot of firms to make the mistake of selecting a generic type of surveyors errors & omissions insurance coverage, and often they fail to become aware of the error until it’s too late. It is a widely accepted fact that such policies frequently fail to cover the extent of legal and court fees you might require, or you may be stuck paying for coverage that is far above and beyond 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 insurance coverage will offer protection. In addition, surveyor’s PLI will provide coverage for the surveyor’s legal defense, as even if the court finds the firm to be not liable, 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 that went as far as the supreme court of Delaware. The costs of the legal defense were quite considerable, even though in the end, the court decided that the land surveyor was not at fault.
Surveyor Insurance Coverage
It is also essential to find a firm that is dependable and will still be around when the time comes for you to seek the protection of your surveyor professional liability insurance coverage. This is because surveyor liability insurance works on a claims-made basis, and in case of your coverage lapsing you’ll find yourself unprotected. Since the statute of limitations can be several years, the policy you are protected under at the time of the work provided needs to still be in effect at least as long as the statute of limitations allows for a lawsuit to be made. Additionally consider that unlike larger surveyor professional liability brokers, Fenner and Esler will go over strategies for risk management for your practice.
We at Fenner & Esler take pride in being an independent insurance brokerage, providing services of the highest quality in regards to types of insurance such as:
Environmental Consultants Insurance
Surveyors Professional Liability Brokerage
Finding an independent brokerage with experienced agents is definitely the best thing you could do. If you’re shopping for a customized policy for errors & omissions insurance coverage for surveyors, you need to find a brokerage possessing experience in your area and willing to find you the best possible option. If you’re looking for a quality E & O brokerage for surveyors that offers a broad range of top-rated insurance product, look no further than Fenner and Esler Insurance. We’ve been providing the best liability insurance coverage for surveyors in Delaware for over thirty years. If you would like to find out more about what we can do, call Fenner and Esler at (201) 262-1200.