At Fenner & Esler, we supply alternatives for surveyor insurance in addition to our broad variety of alternatives when it comes to engineers and architects insurance. Regardless of size, any firm which is responsible for land surveys in Alabama is required to possess the protection of surveyor insurance, that has been customized according to both the size of the firm and its requirements. A great deal of survey firms opt to get only a generic choice in terms of E & O insurance for surveyors, which may provide either coverage beyond the needs of the firm or insufficient coverage that leaves the firm vulnerable to the financial costs that come with claims or litigation. The unfortunate truth is that in the vast majority of cases, such policies fail to cover the full amount of court and legal fees that are going to be required, or you are stuck paying for a policy that is far beyond the requirements of your firm. Either way, your firm loses money as a result of not being able to find PL 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, surveyors insurance coverage will provide protection. The surveyor’s legal defense will be covered completely which is absolutely vital, since even if the court finds the firm to be not liable, the cost of a legal defense usually 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 Alabama Supreme Court. The legal costs were quite significant, despite the fact that in the end, the court found the land surveyor not at fault.
E&O Insurance Surveyors
It’s also crucial to find a firm that is reliable and is going to still be there whenever the time comes for you to seek the protection of your surveyors liability insurance coverage. This is because surveyor liability insurance 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’re protected under at the time of the work provided should still be in effect at least as long as the statute of limitations permits a lawsuit to be made. Also take into account that contrary to bigger PL insurance brokerages for surveyors, 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, supplying services of the highest quality in regards to types of insurance like:
Environmental Consultants Insurance
Surveyors Professional Liability Broker
Discovering an independent brokerage with experienced agents is definitely the best thing you could do. If you want a customized policy for surveyor E & O insurance, you want a brokerage that has experience in your field and willing to set you up with the best possible option. If you are looking for a quality professional liability brokerage for surveyors that offers a wide range of top-rated insurance product, look no further than Fenner and Esler Insurance. We’ve been providing the best surveyors E & coverage in Alabama for more than 30 years. To find out more about how we can meet your needs, contact us at (201) 262-1200.