It’s crucial for any surveyors firm to obtain surveyors insurance which can be customized to fit the requirements and size of the firm. Frequently, many firms to make the mistake of selecting a generic type of surveyor PL insurance coverage, and frequently they fail to realize their mistake until they find themselves in a situation where coverage is needed and not there. It is known that these sorts of policies typically neglect to cover the extent of legal and court fees you might incur, or you may be stuck paying for a policy that is far more than what is required for your individual firm. Either way, your firm loses money as a result of being unable to find liability insurance for surveyors that works best for you specifically.
In the event of a lawsuit being filed for supposed mistakes or negligence against the firm, surveyors insurance coverage will offer protection. Additionally, a surveyor professional liability completely covers the surveyor’s legal defense, as court fees can be devastating even if the firm is not found to be liable. One example is a 2000 lawsuit that was pursued against a land surveyor which went all the way to the supreme court of Maryland. Even though the judicial system did not find the land surveyor at fault, the defense’s cost was substantial.
Surveyor Insurance Coverage
It’s also essential to find a firm that is dependable and will still be around when the time comes for you to seek the protection of your E & O insurance coverage for surveyors. This is because E&O for surveyors works on a claims-made basis, and in case of your coverage lapsing you’ll discover that you’re unprotected. Since the statute of limitations can be several years, the policy enforced at the time of a job needs to be in force for as long as the statute of limitations allows lawsuits. Also take into consideration that contrary to larger PL brokers for surveyors, Fenner and Esler will review 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 Consultant Insurance
Surveyors Liability Insurance company
When shopping for the best E & O for surveyors that is customized for the needs and size of your firm, you need to find an independent brokerage with agents possessing years of experience creating customized surveyors E&O coverage in Maryland. Fenner and Esler Insurance is an independent surveyor E&O insurance coverage brokerage that offers a broad range of highly rated insurance product. We’ve been offering the best surveyors E & coverage in Maryland for over three decades. If you would like to find out additional information about what we can do, contact Fenner and Esler at (201) 262-1200.