It is absolutely essential for any surveyors firm to find surveyor insurance which can be customized to suit the requirements and size of the firm. Frequently, many firms to make the mistake of opting for a generic type of PL insurance for surveyors, and usually they don’t become aware of their mistake until it’s too late. The unfortunate truth is that in most cases, these sorts of policies fail to cover the full extent of legal and court fees that are going to be required, or you are forced into paying for a policy that’s above and beyond the requirements of your firm. Either way, money is lost by your firm as a result of not being able to find surveyors PL insurance coverage that suits your individual firm best.
In the event of a lawsuit being filed for supposed mistakes or negligence against the firm, PL insurance coverage for surveyors will offer protection. In addition, surveyor’s PLI will provide coverage for the surveyor’s legal defense, because court fees can be detrimental even if the firm is found free of any liability. One example is a 2000 lawsuit that was pursued against a land surveyor which went as far as the supreme court of South Carolina. The costs of the legal defense were quite considerable, even though in the end, the court found the land surveyor not to be liable.
Professional Liability Insurance Surveyors
Since surveyors insurance usually works on a claims-made basis, surveyor firms need to be certain their insurance coverage for surveyors doesn’t lapse in order to make sure they are protected in case of a lawsuit. Since the statute of limitations can be several years, the policy enforced at the time of a job should be in force for as long as the statute of limitations permits lawsuits. Fenner and Esler will additionally review risk management strategies for your practice, a service that you’re not likely to find from larger surveyors insurance brokers.
We at Fenner & Esler take pride in being an independent insurance brokerage, providing services of the highest quality when it comes to types of insurance like:
Environmental Consultant Insurance
Professional Liability Insurance Company Surveyors
Finding an independent brokerage with experienced agents is definitely in your best interest. If you want a customized policy for surveyor E & O, you want a brokerage possessing experience in your field and willing to find you the best possible option. Fenner and Esler Insurance is an independent professional liability broker for surveyors that offers a wide variety of highly rated insurance product. We have been offering the best surveyors PL insurance in South Carolina for more than thirty years. To find out more about what we can do, call Fenner and Esler at (201) 262-1200.