At Fenner & Esler, in addition to providing top notch architects & engineers insurance, we provide alternatives for surveyor insurance. Any firm, no matter their size, who is responsible for Indiana land surveys is required to obtain the safety of surveyor insurance, that has been adjusted for the both the needs and size of the firm. It’s common for a lot of firms to make the mistake of selecting a generic type of liability insurance coverage for surveyors, and frequently they fail to become aware of the error until it’s too late. It is a widely accepted fact that these sorts of policies typically neglect to cover the extent of court and legal fees you might incur, or you could be stuck paying for coverages that you will never be in a position to benefit from. In either circumstance, the firm stands to lose a significant amount of money.
The advantage to surveyors E&O coverage is that covers the surveyor in the event there is a lawsuit filed against the firm for allegations related to allegations of negligence or mistakes made during the survey. The surveyor’s legal defense will be completely covered which is absolutely crucial, since even if the court finds the firm to be not liable, the cost of a legal defense frequently run into the tens of thousands of dollars. One example is a 2000 lawsuit that was pursued against a land surveyor that went all the way to the supreme court of Indiana. Despite the fact that the judicial system did not find the land surveyor at fault, the cost of this defense was substantial.
Surveyor Errors And Omissions Insurance
It’s also important to find a firm that is dependable and is going to still be there when it comes time for you to seek the protection of your liability insurance coverage for surveyors. This is because E & O for surveyors works on a claims-made basis, and if your coverage lapses you will find yourself unprotected. Since the statute of limitations can be several years, the policy enforced at the time of a job should be in force for the amount of time the statute of limitations allows lawsuits. Fenner and Esler will 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.
Fenner & Esler is an independent broker supplying quality services when it comes to:
Environmental Consultants Insurance
E&O Insurance Brokerage surveyors
Discovering an independent brokerage with experienced agents is definitely to your greatest benefit. If you want a customized policy for E&O for surveyors, you need to find a brokerage possessing experience in your area and willing to set you up with the best possible option. Fenner and Esler Insurance is an independent surveyors E & O company that carries a wide range of highly rated insurance product. We have been offering the best surveyors PL insurance in Indiana for more than three decades. If you would like to find out additional information about what we can do, contact Fenner and Esler at (201) 262-1200.