At Fenner & Esler, we offer alternatives for surveyor insurance in addition to our wide variety of choices when it comes to architects and engineers insurance. Regardless of size, any firm that is responsible for land surveys in Michigan is required to possess the protection of surveyors insurance, that is able to be tailored according to both the needs and size of their firm. Often, many firms to make the mistake of choosing a generic type of surveyor E & O insurance coverage, and usually they don’t become aware of the error until it’s too late. It is known that such policies frequently fail to cover the extent of legal and court fees you may require, or you may be stuck paying for coverages that you will never be in a position to take advantage of. In either circumstance, the firm stands to lose a significant amount of money.
The advantage to surveyor E&O insurance is that covers the surveyor in the case a lawsuit is filed against the firm for allegations related to allegations of negligence or mistakes made during the survey. 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 costs incurred by a legal defense frequently run into the tens of thousands of dollars. For example, a plaintiff pursued a lawsuit against a land surveyor in 2000, all the way to the Michigan Supreme Court. Even though the judicial system didn’t find the land surveyor at fault, the defense’s cost was great.
It is also crucial to find a firm that is dependable and will still be around whenever the time comes for you to seek the protection of your surveyor E&O insurance. This is because PL insurance coverage for surveyors works on a claims-made basis, and if your coverage lapses you will 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 the amount of time the statute of limitations allows lawsuits. Fenner and Esler is going to also review strategies for risk management for your practice, a service that you aren’t likely to obtain from bigger surveyor E & O brokerages.
Fenner & Esler is an independent brokerage providing quality services when it comes to:
Environmental Consultant Insurance
Insurance Brokerage Surveyor
When looking for the best surveyors liability insurance coverage that’s customized for the needs and size of your firm, it’s important for you to find an independent brokerage with agents that have years of experience customizing surveyor professional liability insurance coverage in Michigan. Fenner and Esler Insurance is an independent surveyor PL insurance brokerage that carries a broad range of top-rated insurance product. We’ve been offering the best surveyors errors and omissions coverage in Michigan for over three decades. To learn additional information about what we can do, call us at (201) 262-1200.