It’s crucial for any surveyors firm to find surveyor insurance that can be customized to meet the requirements and size of the firm. Frequently, many firms to make the mistake of choosing a generic type of errors and omissions insurance for surveyors, and usually they fail to become aware of their mistake until they find themselves in a situation where coverage is needed and not there. The unfortunate truth is that in most cases, these types of policies won’t cover the full amount of court and legal costs that are going to be required, or you’re stuck paying for a policy that’s far beyond the requirements of your firm. In either circumstance, the firm stands to lose a significant amount of money.
In the event of a lawsuit being filed for supposed mistakes or negligence against the firm, surveyors E & O insurance will provide protection. The surveyor’s legal defense will be completely covered which is absolutely vital, since court fees can be detrimental even if the firm is not found to be liable. One example is a 2000 lawsuit that was pursued against a land surveyor which went all the way to the supreme court of Minnesota. Even though the judicial system did not find the land surveyor at fault, the cost of this defense was great.
Surveyors PL Insurance
It is also important to locate a firm that is dependable and is going to still be operating when it comes time for you to seek the protection of your E & O insurance coverage for surveyors. This is owing to the fact that surveyor E & O insurance coverage works on a claims-made basis, and if your coverage lapses you’ll discover that you’re unprotected. Since the statute of limitations can be several years, the policy enforced at the time of a job needs to be in force for as long as the statute of limitations allows lawsuits. Additionally consider that unlike larger surveyors PL brokers, Fenner and Esler will go over risk management strategies for your practice.
We at Fenner & Esler take pride in being an independent insurance brokerage, supplying services of the highest quality in regards to types of insurance like:
Environmental Consultants Insurance
Errors & Omissions Insurance Company surveyors
If you’re shopping for the best surveyor liability insurance that’s 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 crafting customized E & O insurance coverage for surveyors in Minnesota. If you are searching for a quality surveyor E & O insurance company that offers a wide range of top-rated insurance product, look no further than Fenner and Esler Insurance. We have more than three decades of experience in providing E&O insurance for surveyors in Minnesota. If you would like to find out additional information regarding what we can do, call us at (201) 262-1200.