At Fenner & Esler, in addition to providing first class engineers and architect insurance, we offer options for surveyors insurance. Regardless of size, any firm which performs New Jersey land surveys needs to possess the protection of insurance for surveyors, that has been adjusted for the both the size and requirements of the firm. Frequently, many firms to make the mistake of opting for a generic type of insurance for surveyors, and often they fail to see the error until they find themselves in a situation where coverage is needed and not there. It is known that these sorts of policies typically fail to cover the extent of court and legal fees you might require, or you may be forced into paying for insurance that is far above and beyond what your firm requires. Either way, your firm loses money as a result of being unable to find professional 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 professional liability insurance coverage will provide protection. Additionally, surveyor’s PLI will provide coverage for the surveyor’s legal defense, because even if the court finds the firm to be not liable, the costs incurred by a legal defense can run into the tens of thousands of dollars. For example, a plaintiff pursued a lawsuit against a land surveyor in 2000, taking it as far as the New Jersey Supreme Court. The legal costs were quite considerable, even though at the end of the day, the court decided that the land surveyor was not at fault.
E & O Surveyors
It is also essential to find a firm that is reliable and will still be operating when the time comes for you to seek the protection of your surveyor E&O coverage. This is because professional liability insurance for surveyors works on a claims-made basis, and in case of your coverage lapsing you will find yourself unprotected. The statute of limitations for liability can be several years, so the policy you are covered under at the time of the work provided needs to still be in effect at least as long as the statute of limitations allows for a lawsuit to be made. Also consider that contrary to bigger insurance brokers for surveyors, Fenner and Esler will review strategies for risk management for your practice.
Fenner & Esler is an independent brokerage supplying quality services in regards to:
Environmental Consultant Insurance
PL Insurance Brokerage Surveyors
If you’re looking for the best errors & omissions insurance for surveyors that’s customized for the size and needs of your firm, it’s important for you to find an independent brokerage with agents that have years of experience customizing surveyor insurance coverage in New Jersey. Fenner and Esler Insurance is an independent errors & omissions insurance broker for surveyors that carries a broad range of top-rated insurance product. We’ve been offering the best surveyor E & coverage in New Jersey for more than three decades. If you would like to learn more about how we can meet your needs, contact us at (201) 262-1200.