Fenner & Esler is a top choice as an independent architect & engineers insurance company serving your requirements as a design professional. It is certain that any structural engineer in South Carolina must not be without Errors and Omissions Insurance For structural engineers, or errors and omissions insurance. structural engineers and engineering firms need financial safety, and professional liability insurance, specifically for structural engineers, provides this protection against breach of contract or neglect accusations. When looking for a professional liability insurance company, the best choice is Fenner Esler. We aren’t just brokers, but experts at dealing with the needs of structural engineers, providing you with the protection you need. This is the reason we’re the only choice you’re going to require for engineers insurance.
Any structural engineer that chooses to take on a job without structural errors and omissions insurance for engineers generally finds out suddenly they’re not able to make a move for any high dollar contracts. Having structural engineer insurance is generally a necessity in regards to bidding on the great majority of state and federal contracts. Many engineers prefer to depend only on a project policy since this may assist with attaining smaller contracts. The only drawback is the fact that the expenses on some of these policies can be extremely high. Worst-case scenario is that a claim is brought forth, which causes the structural engineer to pay at least $250,000 of their own hard-earned cash before the policy begins to cover any lawsuit-related cost. Meeting this deductible can financially bankrupt most smaller companies and independent structural engineers. The team of experts employed by Fenner and Esler can make certain the structural liability insurance for engineers our customers select has low rates to suit any budget, ensuring the operating success of the firm.
Never make the mistake of thinking you are above the need for architect & engineers insurance. The risk of a lawsuit claiming that some error or omission in a project that they have worked on results in physical injury or property damage is a reality for even the most thorough structural engineer. Typically litigation of this type is pursued years after a project is finished. Even if the allegations of negligence end up being proved false, the cost of litigation may be considerable. Structural engineer insurance is necessary for protecting individual structural engineers, in addition to engineering firms, from the catastrophic financial costs of errors and omissions litigation. Structural engineer insurance serves to insure structural engineers against legal expenses, as well as from fees associated with settling legal actions or issuing payment to the plaintiff if a judgment is made against the firm or structural engineer. If it so happens that a suit is filed against the structural engineer or firm, legal representation will be provided by the insurance company to help with determining the suit’s merits to determine the best course of action.
Engineers Insurance Company
When you’re in need an architect & engineers insurance company, there’s a large number of reasons to select Fenner & Esler. Here are several examples:
- Flexible insurance plans
- Decades of experience
- Personalized risk management services
- Personalized attention
Find out first-hand why Fenner & Esler is such a highly rated choice for architect & engineers insurance coverage by getting in touch with us today.
Structural Engineer Insurance Company
We offer additional services to professional liability architect & engineers insurance coverage as well. Every firm will benefit from having employment practice insurance for structural engineers. Conflicts can happen in just about any workplace. Even the most closely-knit structural engineer firms can be prone to them. In some instances, these disputes are easily resolved, but the possibility also exists for a disagreement to escalate into allegations of discrimination or harassment. Settlements with disgruntled employees on average have climbed every year, and these lawsuits can cause substantial damage to a structural engineers company if structural engineers employment practice liability insurance isn’t set up. Our team of risk management professionals at Fenner and Esler creates structural engineers EPLI policies which take into account the amount of employees and independents contractors that work for the company to make sure the structural engineer is neither over insured or under insured.
Structural Engineers Liability Insurance
The importance of obtaining insurance from a qualified structural engineer insurance coverage broker cannot be underestimated. One lawsuit can take out a small firm, even when the structural engineer is found not liable in the conclusion. For this reason, it’s vital to ensure you are covered. Some young structural engineers ignore this fact and decide to save money and not insure themselves Others opt to put away the cash themselves and self insure, only to discover that the cost of litigation is significantly higher than they expected. We can offer comprehensive liability insurance coverage at Fenner & Esler. The potential for settling claims or defending one’s self in court makes structural engineer E&O complete requirement.
Structural Engineer Insurance
Many start design experts find that they opt out of insuring since the quotes they often see for engineers & architects insurance are so large. It is because these policies are frequently one size fits all plans, which actually don’t work in your best interest. This is where Fenner Esler can help. Through our industry understanding and A-rated connections, we’re an independent structural E & O broker for engineers that can help you to find a policy that will suit your needs exactly, whatever the requirements of your firm. Structural engineers insurance which you can manage is the outcome. The circumstances of your PL Insurance coverage are also in a position to be scaled relative to the kind of jobs you are accepting, just in case you suddenly discover you have bigger jobs than anticipated. Something an independent structural engineer E & O brokerage like Fenner Esler can provide you is the ability to take out insurance for a special project. If you take on a single big job that will require more insurance, you can handle it without having to upgrade your regular coverage.
Insurance Broker Structural Engineers
You must always treat selecting an engineers & architects insurance company exactly the same as though you were appointing a new team member for the company. Advice for risk management techniques is another benefit of using an independent professional liability insurance brokerage like Fenner Esler. For example, they provide advice for young structural engineers about how you can spread the risk of huge projects among the various experts. When there are delays in a project beyond the structural engineer’s control, the E&O Insurance for structural engineers expert can also help with negotiating deal terms to keep them from assuming liability.
Structural Engineer Insurance Brokerage
We’ve got over 30 years of experience as a quality independent structural engineer insurance brokerage with specialists that create not only optimized insurance policies, but the most all-inclusive risk management plans to satisfy the needs of our clients. As an example, we evaluate proposals and contracts to ensure our clients aren’t assuming a disproportional amount of liability for a job. We do our best to keep you up to date with the most recent innovations and best courses of action within the area of risk management. The individual attention we provide to our customers is what sets us apart from an on-line structural engineer insurance that only makes contact when a premium is due or it is time to renew the policy.