At Fenner & Esler, we offer alternatives for surveyors insurance in addition to our broad range of alternatives for architects & engineers insurance. Regardless of size, any firm which performs Oregon land surveys needs to have the protection of insurance for surveyors, which can be customized according to both the size of the firm and its needs. Many survey firms opt to get merely a generic choice when it comes to professional liability insurance for surveyors, which may provide either coverage beyond the requirements of the firm or coverage that’s insufficient, leaving the firm vulnerable to the financial costs associated with claims or litigation. It is known that such policies frequently neglect to cover the extent of court and legal fees you may incur, or you could be stuck paying for coverages that you will never be able to benefit from. Either way, money is lost by your firm as a result of not being able to find E & O insurance for surveyors that suits your individual firm best.
The advantage to surveyors errors and omissions insurance is that covers the surveyor in the case 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 vital, since even if the court finds the firm to be not liable, the cost of a legal defense usually 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 Oregon Supreme Court. The legal costs were quite significant, even though at the end of the day, the court decided that the land surveyor was not to be liable.
Surveyors E&O Coverage
Since surveyor insurance usually works on a claims-made basis, surveyor firms have to make sure their surveyors liability insurance coverage does not lapse in order to be certain they’re covered in case of a lawsuit. The statute of limitations for liability can be several years, so the policy you’re 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. Fenner and Esler is going to also go over risk management strategies for your practice, a service which you’re not likely to obtain from bigger surveyors errors and omissions insurance coverage companies.
We at Fenner & Esler take pride in being an independent insurance brokerage, supplying services of the highest quality when it comes to types of insurance like:
Environmental Consultants Insurance
E&O Insurance Company surveyors
Finding an independent brokerage with experienced agents is without a doubt a smart choice. If you’re looking for a customized policy for surveyors professional liability insurance, you need to find a brokerage that has experience in your area and willing to set you up with the best possible option. Fenner and Esler Insurance is an independent insurance broker for surveyors that carries a wide variety of highly rated insurance product. We have over three decades of experience in providing surveyor PL insurance coverage in Oregon. To find out additional information regarding how we can meet your needs, call Fenner and Esler at (201) 262-1200.