At Fenner & Esler, we provide options for surveyors insurance in addition to our wide variety of choices when it comes to architects & engineers insurance. Regardless of size, any firm which is responsible for land surveys in Illinois needs to have the protection of surveyor insurance, that is able to be customized according to both the needs and size of the firm. Many survey firms choose to use only a one size fits all choice in terms of surveyors PL insurance, which may provide either coverage beyond the requirements of the firm or insufficient coverage that leaves the firm open to the financial damages that come with claims or litigation. It is a widely accepted fact that such policies frequently fail to cover the extent of court and legal fees you may require, or you may be tricked into paying for insurance that is far more than what is required for your individual firm. In either circumstance, the firm stands to lose a significant amount of money.
The advantage to E & O insurance coverage for surveyors is that provides coverage for 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. Also, a surveyor professional liability will provide coverage for the surveyor’s legal defense, as even if the court finds the firm free from liability, the costs incurred by a legal defense frequently run into the tens of thousands of dollars. One example is a 2000 lawsuit that was pursued against a land surveyor that went all the way to the supreme court of Illinois. Even though the judicial system did not find the land surveyor at fault, the cost of this defense was substantial.
Surveyor Liability Insurance
It is also vital to locate a firm that is dependable and is going to still be around whenever it comes time for you to seek the protection of your surveyor E & O insurance coverage. This is because surveyor professional liability insurance works on a claims-made basis, and if your coverage lapses 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 should be in force for as long as the statute of limitations permits lawsuits. Also take into consideration that unlike larger surveyor E & O companies, Fenner and Esler will review strategies for risk management for your practice.
Fenner & Esler is an independent broker supplying quality services when it comes to:
Environmental Consultant Insurance
Surveyor E & O Company
Finding an independent brokerage with experienced agents is without a doubt a wise move. If you want a customized policy for surveyors errors and omissions insurance coverage, you want a brokerage that has experience in your field and willing to set you up with the best possible option. Fenner and Esler Insurance is an independent E&O insurance coverage brokerage for surveyors that carries a wide range of top-rated insurance product. We have more than thirty years of experience in providing surveyors insurance in Illinois. If you would like to find out additional information about what we can do, contact us at (201) 262-1200.