At Fenner & Esler, in addition to supplying first class engineers and architects insurance, we supply options for surveyors insurance. Regardless of size, any firm who performs Tennessee land surveys must possess the safety of surveyors insurance, which can be tailored according to both the size of the firm and its requirements. It’s common for a lot of firms to make the mistake of choosing a generic type of surveyors insurance, and usually they don’t realize the error until it’s too late. It is a widely accepted fact that such policies typically neglect to cover the extent of court and legal fees you might require, or you may be forced into paying for coverages that you will never be in a position to benefit from. Either way, money is lost by your firm as a result of being unable to find errors & omissions insurance coverage for surveyors that suits your individual firm best.
In the event of a lawsuit being filed against the firm for alleged negligence or mistakes, surveyors E&O will offer protection. The surveyor’s legal defense will be covered completely which is absolutely crucial, because even if the court finds the firm free from liability, the costs incurred by a legal defense are known to 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 Tennessee Supreme Court. Even though the judicial system did not find the land surveyor at fault, the defense’s cost was substantial.
Since surveyors insurance usually works on a claims-made basis, surveyor firms need to make certain their surveyor liability insurance doesn’t lapse in order to ensure they are covered in case of a lawsuit. The statute of limitations for liability can be several years, so the policy you’re protected 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. Additionally take into consideration that unlike larger professional liability brokerages for surveyors, Fenner and Esler will go over strategies for risk management for your practice.
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 Consultant Insurance
Errors and Omissions Insurance Coverage Broker Surveyor
When shopping for the best surveyor insurance that’s 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 creating customized PL insurance coverage for surveyors in Tennessee. If you’re searching for a quality surveyors liability insurance brokerage that offers a wide range of top-rated insurance product, look no further than Fenner and Esler Insurance. We’ve been providing quality insurance coverage for surveyors in Tennessee for more than 30 years. To learn additional information about what we can do, contact Fenner and Esler at (201) 262-1200.