Fenner & Esler is a top choice when it comes to insurance from an independent architect & engineer insurance company. Every structural engineer in Pennsylvania should have structural engineers professional liability, or errors and omissions insurance, aside from the firm’s size. structural engineers and engineering firms need financial protection, and professional liability insurance, specifically for structural engineers, provides this protection against breach of contract or negligence accusations. When looking for a professional liability insurance broker, your best option is Fenner Esler. We are experts in handling the insurance needs of structural engineers, engineers, and other design professionals. We are the only choice you will need for engineers insurance for this reason.
Mistakes are not only restricted to novice structural engineers. If a firm makes the mistake of trying to bid for contracts without the services of an engineer & architect insurance company, the professionals realize very quickly that they are unable to bid on higher value contracts. Having structural engineers E&O insurance coverage is typically a requirement in regards to bidding for the great majority of federal and state contracts. Other engineers choose to count on a project policy, something that might assist them in obtaining smaller contracts, but these policies have extraordinarily high deductibles. Any structural engineer can be at the foul side of a claim when it’s made, and these may be costly ordeals which can occasionally require the engineer themselves to pay out a considerable amount of their own money prior to any legal expenses being covered by a policy. A small firm could go bankrupt trying to meet that deductible and an independent structural engineer would be ruined. We have a group of agents that specialize in structural engineer insurance whose primary job is making sure our clients are protected by their policy at all times and do not have to suffer any unaffordable costs.
Never make the mistake of thinking you are above the requirement for engineer & architect insurance. The chance of a lawsuit that claims an omission or error in a building or structure that they have worked on is responsible for causing physical injury or property damage is a reality for even the most thorough structural engineer. Typically legal action of this nature happens years after the completion of the project. Even if the allegations of negligence are proved false, the price of litigation may be considerable. Structural engineer insurance is essential for protecting structural engineers that work by themselves, in addition to engineering firms, from the terrible legal expenses for errors and omissions litigation. Structural engineers insurance acts as protection from the costs of litigation, as well as from expenses that come with legal settlement actions and paying the plaintiff if a judgment is made against the firm or structural engineer. If it so happens that someone files a suit against the structural engineer or firm, legal representation will be provided by the insurance company to help with determining the suit’s merits to come up with a suitable method of dealing with it.
Engineers Insurance Company
There’s a large number of reasons to choose Fenner & Esler when you are in need an architect & engineers insurance company. Here are several examples:
- Personalized risk management services
- Flexible insurance plans
- Personalized attention
- Decades of experience
Get in touch with us today to find out first-hand to discover first-hand why Fenner & Esler is such a highly rated choice for architect & engineer insurance coverage.
Engineers Errors & Omissions Insurance Coverage
We offer other services in addition to professional liability architect & engineer insurance coverage as well. Any firm can benefit from having structural engineers employment practice insurance. Conflicts can happen in almost any workplace. Even the closest-knit structural engineer firms could be prone to them. These situations have to be immediately addressed since these disagreements frequently have a harmful influence on staff morale, and even though most are resolved fairly easily, it’s not hard for all these events to get out of control. Settlements with disgruntled employees on average have risen every year, and these lawsuits can substantially damage a structural engineers company if employment practice insurance for structural engineers isn’t set up. At Fenner and Esler our experts craft a structural engineer employment practice liability insurance policy that examines all facets of your practice to ensure no structural engineers are ever over or under insured.
Structural Engineer Professional Liability Insurance
You should never underestimate the how essential it is to obtain insurance from a qualified structural errors & omissions insurance company for engineers . It’s a common fault of structural engineers to falsely believe they are better off saving the funds by not insuring. They discover years later, when a lawsuit occurs, even if it’s frivolous, that they are in trouble. People who elect to self insure frequently discover they both did not expect the actual price of litigation, or else were tempted to take out the money for other expenses. We can offer comprehensive liability insurance coverage at Fenner & Esler. Without structural engineers E & O Insurance Coverage, the cost of settling claims or defending against unfounded allegations of negligence has the potential to break a company.
Structural Engineer Insurance
When asked why they opt out of engineers & architects insurance company many professionals mention the expense of the guidelines they have found online. In most cases, the Professional Liability Insurance plans provided on the web are one size fits all plans offering more coverage than what’s desired by small businesses. This is where Fenner Esler can help. Through our business knowledge and A-rated connections, we’re an independent structural engineer E & O brokerage that can help you to find a policy that will fit your needs exactly, whatever the size of your company. This makes the premium for your insurance a lot more affordable. Fenner Esler is the place to go because our plans are also scalable to suit the requirements of your projects. If suddenly you discover you are dealing with much bigger jobs, it’s easy to expand your PLI policy. In the event that a firm is given a project much bigger than their customary contracts, an insurance specialist from the professional liability insurance brokerage can arrange a per project structural engineers O & E Insurance policy without the expense of enlarging the protection of the main policy.
Insurance Broker Structural Engineer
This procedure is no less important than adding a new team member to your firm or business. As independent professional liability insurance brokerage specializing in structural engineers O&E Insurance, Fenner Esler can also provide an edge with risk management advice. The way to spread the risk of big jobs is one such instance that any structural engineer will find useful. In addition, the structural engineers PL Insurance expert provides assistance during contract negotiations in terms of developing provisions to safeguard the structural engineer or design professional from liability when they are delays in a project that are beyond the control of the structural engineer.
Structural Engineers Professional Liability Insurance Brokerage
Having over thirty years of expertise as an independent structural E&O insurance company for engineers our specialists don’t just create customized insurance policies to meet the needs of our clients, but we also offer complete risk management services. For instance, we review contracts and proposals to ensure our clients are not assuming a disproportional amount of liability for a project. We also keep our clients current on the most recent advances in the best practices related to risk management. We take pride in the individual focus that we offer to every one of our clients, something which sets us apart from online structural errors and omissions insurance coverage brokerages for engineers that just call you if they are looking for money or a contract renewal.