It’s absolutely essential for any surveyors firm to find surveyors insurance which can be customized to fit the size and requirements of the firm. A great deal of survey firms choose to use only a one size fits all choice when it comes to insurance coverage for surveyors, which may provide either coverage beyond the firm’s needs or coverage that’s insufficient, leaving the firm open to the financial damages associated with claims or litigation. The unfortunate truth is that in most circumstances, these types of policies don’t cover the full extent of court and legal expenses that are going to be required, or you are forced into paying for a policy that’s far beyond the requirements of your firm. Either way, money is lost by your firm as a result of not being able to find liability insurance coverage for surveyors that suits your individual firm best.
In the event of a lawsuit being filed against the firm for alleged negligence or mistakes, professional liability insurance for surveyors will provide protection. The surveyor’s legal defense will be completely covered which is absolutely crucial, because court fees can be detrimental even if the firm is not found to be liable. Take this example. A plaintiff pursued a lawsuit against a land surveyor in 2000, all the way to the Supreme Court of Missouri. Even though the judicial system didn’t find the land surveyor at fault, the cost of this defense was substantial.
Errors & Omissions Insurance Surveyor
It is also essential to locate a firm that is reliable and will still be operating whenever the time comes for you to seek the protection of your surveyor 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 you are covered 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. Fenner and Esler will also go over risk management strategies for your practice, a service that you’re not likely to obtain from bigger surveyor E & O insurance companies.
We at Fenner & Esler take pride in being an independent insurance broker, providing services of the highest quality in regards to types of insurance such as:
Environmental Consultant Insurance
Surveyors Liability Insurance Brokerage
If you’re looking for the best surveyors liability insurance coverage that’s customized for the needs and size of your firm, you need to find an independent brokerage with agents that have years of experience creating customized PL insurance for surveyors in Missouri. Fenner and Esler Insurance is an independent insurance company for surveyors that carries a wide range of top-rated insurance product. We’ve got over 30 years of experience in providing surveyor insurance in Missouri. If you would like to find out more regarding how we can meet your needs, call Fenner and Esler at (201) 262-1200.