It is crucial for any surveyors firm to find surveyors insurance that can be customized to meet the size and requirements of the firm. Frequently, many firms to make the mistake of choosing a generic type of liability insurance coverage for surveyors, and usually they don’t realize the error until they find themselves in a situation where coverage is needed and not there. It is known that such policies typically neglect to cover the extent of legal and court fees you may incur, or you may be tricked into paying for coverages that you will never be able to benefit from. In either circumstance, the firm stands to lose a significant amount of money.
In the event of a lawsuit being filed for supposed mistakes or negligence against the firm, surveyor liability insurance coverage will offer protection. Additionally, a surveyor professional liability will provide coverage for the surveyor’s legal defense, since even if the court finds the firm to be not liable, the cost of 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 as far as the supreme court of Connecticut. The legal costs were quite substantial, even though in the end, the court found the land surveyor not to be liable.
Surveyor E&O Coverage
It’s also essential to locate a firm that is dependable and is going to still be around when the time comes for you to seek the protection of your PL insurance coverage for surveyors. This is owing to the fact that errors and omissions coverage for surveyors works on a claims-made basis, and if your coverage lapses 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 as long as the statute of limitations allows lawsuits. Also consider that contrary to bigger surveyors liability insurance brokerages, Fenner and Esler will review risk management strategies for your practice.
Fenner & Esler is an independent broker supplying quality services when it comes to:
Environmental Consultants Insurance
E & O Insurance Brokerage surveyors
When shopping for the best surveyor professional liability insurance that is customized for the needs and size of your firm, you need to find an independent brokerage with agents possessing years of experience crafting customized errors & omissions insurance for surveyors in Connecticut. If you’re searching for a quality surveyors professional liability insurance company that offers a broad range of top-rated insurance product, look no further than Fenner and Esler Insurance. We have been offering the best surveyors E & O insurance coverage in Connecticut for over three decades. If you would like to learn additional information about what we can do, contact Fenner and Esler at (201) 262-1200.