It’s absolutely essential for any surveyors firm to obtain surveyor insurance that is able to be customized to suit the size and requirements of the firm. A great deal of survey firms choose to use only a generic choice in terms of surveyor errors and omissions coverage, which may provide either coverage beyond the firm’s requirements or insufficient coverage that leaves the firm vulnerable to the financial damages associated with claims or litigation. It is known that these kinds of policies frequently fail to cover the extent of court and legal fees you may incur, or you may be stuck paying for insurance that is far more than what your firm requires. 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 coverage will provide protection. The surveyor’s legal defense will be completely covered which is absolutely crucial, as even if the court finds the firm free from liability, the cost of a legal defense are known to run into the tens of thousands of dollars. Take this example. A plaintiff pursued a lawsuit against a land surveyor in 2000, taking it as far as the Supreme Court of West Virginia. Despite the fact that the judicial system did not find the land surveyor at fault, the cost of this defense was great.
E & O Coverage Surveyors
It is also essential to locate a firm that is reliable and is going to still be operating whenever the time comes for you to seek the protection of your surveyors insurance. This is owing to the fact that E & O coverage for surveyors works on a claims-made basis, and in case of your coverage lapsing you will find yourself unprotected. The statute of limitations for liability can be several years, so the policy you’re covered under at the time of the work provided needs to still be in effect at least as long as the statute of limitations permits a lawsuit to be made. Fenner and Esler is going to additionally review strategies for risk management for your practice, a service that you aren’t going to find from bigger E & O brokerages for surveyors.
We at Fenner & Esler take pride in being an independent insurance brokerage, providing services of the highest quality in regards to types of insurance like:
Environmental Consultant Insurance
Surveyors Professional Liability company
When looking for the best E & O insurance for surveyors that is customized for the size and needs of your firm, it’s important for you to find an independent brokerage with agents possessing years of experience creating customized errors & omissions insurance for surveyors in West Virginia. If you’re searching for a quality insurance broker for surveyors that offers a broad range of top-rated insurance product, look no further than Fenner and Esler Insurance. We have over thirty years of experience in providing E&O for surveyors in West Virginia. If you would like to learn more about what we can do, contact us at (201) 262-1200.