At Fenner & Esler, in addition to providing first class architects & engineers insurance, we provide alternatives for surveyors insurance. Regardless of size, any firm that is responsible for New Mexico land surveys needs to have the coverage of insurance for surveyors, that is able to be customized according to both the size and requirements of the firm. A great deal of survey firms opt to get only a generic choice in terms of surveyor professional liability insurance, which may provide either coverage beyond the firm’s requirements or coverage that’s insufficient, leaving the firm vulnerable to the financial damages that come with claims or litigation. It is a widely accepted fact that such policies frequently neglect to cover the extent of court and legal fees you may require, or you may be stuck paying for insurance that is far above and beyond what your firm requires. Either way, money is lost by your firm as a result of not being able to find surveyors PL insurance that works best for you specifically.
The advantage to surveyors insurance coverage is that provides coverage for the surveyor in the event a lawsuit is filed against the firm for allegations related to allegations of negligence or mistakes made during the survey. Additionally, a surveyor professional liability completely covers 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. Take this example. A plaintiff pursued a lawsuit against a land surveyor in 2000, taking it as far as the New Mexico Supreme Court. Despite the fact that the judicial system didn’t find the land surveyor at fault, the cost of this defense was great.
PL Insurance Surveyors
Most surveyors insurance works on a claims-made basis, which means surveyor firms have to be certain their PL insurance for surveyors does not lapse in order to ensure they’re protected in case of a lawsuit. The statute of limitations for liability can be several years, so the policy you are covered under at the time of the work provided should still be in effect at least as long as the statute of limitations allows for a lawsuit to be made. Fenner and Esler is going to additionally review risk management strategies for your practice, a service that you’re not likely to find from larger insurance brokerages for surveyors.
Fenner & Esler is an independent brokerage providing quality services in regards to:
Environmental Consultant Insurance
Surveyor Errors & Omissions Insurance Company
If you’re shopping for the best E&O insurance coverage for surveyors which is customized for the size and needs of your firm, it’s important for you to find an independent brokerage with agents possessing years of experience crafting customized liability insurance for surveyors in New Mexico. If you are looking for a quality insurance coverage brokerage for surveyors that offers a broad range of top-rated insurance product, look no further than Fenner and Esler Insurance. We have been offering the best PL insurance coverage for surveyors in New Mexico for more than 30 years. To learn additional information about what we can do, call us at (201) 262-1200.