When it comes to insurance for design professionals, Fenner & Esler is a top choice as an experienced architects & engineers insurance company. Every structural engineer in Tennessee should have structural engineers professional liability, or errors and omissions insurance, aside from the company’s size. Structural engineers insurance provides professional the financial protection they want in case of allegations of negligence or breach of contract. Fenner Esler is the top choice the only choice you need to make for a professional liability insurance company. We are specialists in taking care of the insurance needs of design professionals, including structural engineers and engineers. We are the only choice you’ll require for engineers insurance for this reason.
Any structural engineer who decides to take on a project without the services of an engineer & architect insurance company generally finds out suddenly they’re ineligible to make a move for any high value contracts. Having structural engineers insurance is normally a necessity in regards to bidding for the great majority of federal and state contracts. Other engineers opt to count on a project policy, which could help them gain smaller contracts, but these policies have astonishingly high deductibles. In the event the unthinkable occurs and a claim is brought forward, the structural engineer is probably going to be required to pay at least $250,000 out of pocket before the coverage starts to cover the expenses related to a lawsuit. Meeting this deductible would financially ruin many smaller firms and independent structural engineers. We have a group of agents that specialize in structural engineer insurance whose chief job is ensuring that our clients are protected by their policy at all times and need not suffer any unaffordable expenditure.
Never make the mistake of thinking you’re above the requirement for architect & engineers insurance. The chance of a lawsuit claiming that an omission or error in a project that they have worked on is responsible for causing property damage or physical injury is something even the most diligent structural engineer must deal with. For the most part legal action of this nature occurs a great deal of time after a project has been completed. Even if the claims of negligence are frivolous, the price of litigation will be substantial. Structural engineer insurance is essential for protecting individual structural engineers, as well as engineering firms, from the terrible legal fees for errors and omissions litigation. Arrive at the best course of action by evaluating the suit’s merits.
Engineers Insurance Company
There are many reasons to choose Fenner & Esler if you’re looking for engineer & architect insurance broker. Here are several examples:
- Decades of experience
- Personalized attention
- Flexible insurance plans
- Personalized risk management services
Find out first-hand why Fenner & Esler is such a highly rated choice for architects & engineers insurance coverage by getting in touch with us today.
Structural Engineer Errors & Omissions Insurance Coverage
We offer additional services to professional liability architect & engineers insurance coverage as well. Any firm can benefit from having structural engineer employment practice insurance. Conflicts can happen in almost any workplace. Even the most closely-knit structural engineer companies may be prone to them. The majority of the time disputes could be addressed quite quickly, but companies must be ready for the off-chance that they amount to what is potentially the worst-case scenario of discrimination or harassment claims. Settlements with disgruntled employees on average have increased annually, and these lawsuits can substantially damage a structural engineers firm if EPLI for structural engineers is not in place. We’ve created a team here at Fenner and Esler made up of top risk management specialists to create structural engineers employment practice liability insurance that takes into consideration the amount of staff and outside contractors that work for the company so they could make certain that no structural engineer is ever under insured or over insured.
Structural Engineer Liability Insurance
Don’t ever underestimate the how essential it is to obtain insurance from a qualified structural engineers insurance brokerage . It’s a common fault of structural engineers to falsely believe they are better off saving the funds by not insuring. They find out years later, when a lawsuit occurs, however frivolous, that they are in trouble. Those who opt to self insure frequently find they both didn’t expect the true cost of litigation, or else were tempted to get the money for other expenses. We can offer comprehensive liability insurance coverage at Fenner & Esler. The necessity for E & O Insurance Coverage for structural engineers becomes apparent when one considers all these factors.
Structural Engineer Insurance
When asked why they opt out of architect & engineer insurance company many professionals cite the expense of the guidelines they’ve found online. This is because larger companies can not provide you personal customization, and you end up paying more for options that you will never require. This is where Fenner Esler can help. Through our market understanding and A-rated connections, we’re an independent structural PL brokerage for engineers that can help you to find a plan that will fit your needs just, whatever the size of your firm. The outcome is structural engineer insurance that is a lot cheaper. The circumstances of your E & O Insurance coverage are also in a position to be scaled in accordance with the kind of work you are accepting, in the event you suddenly discover you have bigger jobs than expected. Fenner Esler can even provide you special per-project alternatives to ensure that you can take on a single big job without having to pay more for your typical structural engineer insurance.
Insurance Brokerage Structural Engineer
When searching for a architect & engineers insurance company, it is helpful to consider the process as comparable to including a partner into your firm. An often-overlooked advantage of using an independent professional brokerage like Fenner Esler for structural engineers E&O Insurance is the risk management guidance that we can supply. How you can spread the risk of big jobs is one particular example that any structural engineer will find helpful. When there are delays in a project beyond the structural engineer’s management, the structural engineers O & E Insurance specialist may also help with negotiating deal provisions to keep them from assuming liability.
Structural Engineers Insurance Company
With over thirty years of expertise as an independent structural insurance coverage brokerage for engineers our specialists don’t just design customized insurance policies to meet the requirements of our customers, but we also offer comprehensive risk management services. We’re constantly evaluating proposals and contracts to ensure that our clients aren’t taking a risk with the amount of liability they might assume for any specific project. We work hard to keep you up to date regarding the most recent innovations and best courses of action in the area of risk management. Every customer is treated with our complete attention regardless of how big or small they may be. We believe our personal touch really sets us apart from online structural engineer insurance brokerages who only really appear when they want your money.