At Fenner & Esler, in addition to supplying first class architects & engineers insurance, we supply alternatives for surveyors insurance. Any firm, no matter their size, which is responsible for land surveys in Minnesota needs to obtain the protection of insurance for surveyors, that is able to be adjusted for the both the size of the firm and its requirements. Many survey firms opt to get merely a generic choice when it comes to insurance for surveyors, which may provide either coverage beyond the firm’s requirements or coverage that’s insufficient, leaving the firm at risk to the financial damages associated with claims or litigation. It is known that such policies frequently fail to cover the extent of legal and court fees you might require, or you may be tricked into paying for a policy that is far more than what your firm requires. In either circumstance, the firm stands to lose a significant amount of money.
The advantage to insurance coverage for surveyors is that provides coverage for 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 completely covered which is absolutely essential, because 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 which went all the way to the Minnesota Supreme Court. Even though the judicial system did not find the land surveyor at fault, the defense’s cost was great.
Professional Liability Insurance Surveyors
It’s also vital to locate a firm that is dependable and is going to still be around when it comes time for you to seek the protection of your E&O for surveyors. This is because errors and omissions insurance for surveyors works on a claims-made basis, and in case of your coverage lapsing you will discover that you’re unprotected. The statute of limitations for liability can be several years, so the policy enforced at the time of a job needs to be in force for the amount of time the statute of limitations permits lawsuits. Fenner and Esler is going to also review risk management strategies for your practice, a service that you’re not going to find from bigger E & O insurance brokerages for surveyors.
We at Fenner & Esler take pride in being an independent insurance brokerage, providing services of the highest quality in regards to types of insurance such as:
Environmental Consultants Insurance
Errors and Omissions Insurance Company Surveyor
Discovering an independent brokerage with experienced agents is definitely a smart decision. If you’re looking for a customized policy for surveyors liability insurance, you need to find a brokerage with experience in your area and willing to set you up with the best possible option. Fenner and Esler Insurance is an independent E & O insurance broker for surveyors that carries a wide range of highly rated insurance product. We’ve been offering quality surveyor PL insurance coverage in Minnesota for over 30 years. To learn additional information regarding what we can do, contact Fenner and Esler at (201) 262-1200.