It’s vital for any surveyors firm to find surveyor insurance which can be customized to fit the size and requirements of the firm. Many survey firms choose to use only a generic choice when it comes to insurance for surveyors, which may provide either coverage beyond the needs of the firm or coverage that’s insufficient, leaving the firm at risk to the financial damages associated with claims or litigation. The unfortunate truth is that in the vast majority of cases, such policies do not cover the full amount of legal and court fees that are going to be needed, or you are forced into paying for a policy that is far beyond the requirements of your firm. Either way, money is lost by your firm as a result of being unable to find E & O insurance coverage for surveyors that works best for you specifically.
In the event of a lawsuit being filed against the firm for alleged negligence or mistakes, surveyor errors and omissions insurance will offer protection. The surveyor’s legal defense will be completely covered which is absolutely vital, as court fees can be detrimental even if the firm is not found to be liable. For example, a plaintiff pursued a lawsuit against a land surveyor in 2000, taking it as far as the Alaska Supreme Court. Even though the judicial system didn’t find the land surveyor at fault, the cost of this defense was great.
Insurance Coverage Surveyor
Most surveyors insurance works on a claims-made basis, meaning surveyor firms need to make sure their surveyor insurance coverage does not lapse in order to ensure they are covered in the event of a lawsuit. The statute of limitations for liability can be several years, so the policy enforced at the time of a job should be in force for as long as the statute of limitations allows lawsuits. Fenner and Esler is going to also review risk management strategies for your practice, a service that you’re not likely to find from larger surveyor E & O insurance coverage brokerages.
Fenner & Esler is an independent brokerage providing quality services in regards to:
Environmental Consultants Insurance
Surveyors Liability Insurance Brokerage
Discovering an independent brokerage with experienced agents is without a doubt a wise move. If you want a customized policy for insurance for surveyors, you want a brokerage that has experience in your field and willing to set you up with the best possible option. If you’re looking for a quality surveyor E & O insurance company that offers a broad range of top-rated insurance product, look no further than Fenner and Esler Insurance. We’ve been offering quality liability insurance for surveyors in Alaska for over thirty years. If you would like to learn more regarding how we can meet your needs, contact Fenner and Esler at (201) 262-1200.