When it comes to insurance for design professionals, Fenner & Esler is a top choice as an experienced architect & engineers insurance company. It is a given that any structural engineer in Maryland shouldn’t be without O & E Insurance For structural engineers, or errors and omissions insurance. Quality structural engineers insurance supplies professional financial protection to cover any allegation of negligence or breach of contract which might arise. Fenner Esler is your top choice when you’re looking for a professional liability insurance broker. We’re experts in handling the insurance needs of structural engineers, engineers, and other design professionals. We are the only choice you’re going to require for engineers insurance because of this.
Any structural engineer that chooses to take on a job while lacking structural engineers PL insurance normally finds out suddenly that they’re ineligible to make a move for any high value contracts. Nearly all contracts, state and federal, need structural engineer liability insurance coverage before they are even able to let a structural engineer place a bid on a contract. Many engineers prefer to depend solely on a project policy because this could help with gaining smaller contracts. The only negative is that the expenses on a lot of these policies can get astronomically 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 any policy starts to cover any litigation-related expenditure. Meeting this deductible would financially bankrupt most smaller companies and independent structural engineers. The team of experts that we employ will ensure the structural engineers insurance our clients pick has low rates to satisfy any budget, ensuring the operating success of the firm.
Thinking you’re above the requirement for architect & engineers insurance is a mistake you should never make. Even the most competent structural engineer who sticks to all the industry’s best practices must understand the chance of a lawsuit claiming that an error or omission in a project they designed resulted in property damage or physical injury. Typically this type of legal action occurs years after the completion of the project. The price of litigation can be substantial even when the allegations of negligence are proved false. For individual structural engineers as well as engineering companies, structural engineer insurance is important to protect against the catastrophic legal expenses that come with O&E litigation. Structural engineers insurance serves to insure structural engineers against the costs of litigation, in addition to the costs that come with legal settlement actions or issuing payment to the plaintiff if the court sides against the firm or structural engineer. In the event someone files a suit against the structural engineer or firm, legal representation will be obtained by the insurance company to aid in determining the merits of the suit to figure out a suitable course of action.
Engineers Insurance Company
There are many reasons to choose Fenner & Esler if you’re looking for architect & engineers insurance company. These are just a few:
- Decades of experience
- Personalized attention
- Flexible insurance plans
- Personalized risk management services
Discover first-hand why Fenner & Esler is such a highly rated choice for architect & engineers insurance coverage by getting in touch with us today.
Structural Engineers Insurance Company
We offer other services in addition to professional liability architect & engineers insurance coverage as well. Having employment practice insurance for structural engineers is important for any firm. Even in the absolute most tightly-knit structural engineer firms, employer-employee conflicts arise. In some cases, these disputes are easily resolved, but the potential also exists for a disagreement to escalate into claims of harassment or discrimination. Settlements with disgruntled employees on average have grown annually, and these lawsuits can substantially damage a structural engineers firm if structural engineers employment practice insurance isn’t set up. At Fenner and Esler our specialists create a structural engineers employment practice insurance policy that takes into consideration every aspect of your practice to ensure no structural engineers are ever over or under insured.
Structural Engineers PL Insurance Coverage
You shouldn’t ever underestimate the importance of obtaining insurance from an independent structural insurance broker for engineers . While some engineers select to go without this coverage under the false premise that the project owner’s insurance will give you safety in the event of a claim, some find, often when a claim is made years after, that they are not protected. The others opt to set aside the cash themselves and self insure, only to discover that the expense of litigation is considerably more than they anticipated. We can offer comprehensive liability insurance coverage at Fenner & Esler. Without structural engineer E&O, the cost of settling claims or defending against unfounded allegations of neglect has the potential to bankrupt a firm.
Structural Engineer Insurance
When asked why they opt out of architect & engineers insurance company many professionals mention the cost of the procedures which they have found online. In most cases, the E&O Insurance plans provided on the Internet are one size fits all policies that offer more coverage than what’s desired by small businesses. This is where Fenner Esler comes in. We can tailor for you a customized structural engineer policy from a number of A-rated carriers that is suited to the requirements of your business. Structural engineer insurance that you can afford is the outcome. Fenner Esler is the place to go because our plans are also scalable to suit the needs of your projects. If suddenly you discover you are accepting bigger jobs, it’s simple to expand your PLI coverage. Something an independent structural engineer insurance broker like Fenner Esler will offer you is the ability to get insurance for a specific job. If you accept just one big project which will require more insurance, you can manage it without needing to update your regular coverage.
Insurance Broker Structural Engineer
This process is no less crucial than including a partner to your firm or company. Guidance for risk management techniques is another benefit of using an independent professional liability insurance brokerage like Fenner Esler. For instance, they provide guidance for young structural engineers about how to spread the risk of large projects among different experts. There are forces that will be beyond the structural engineers control, and an expert in structural engineers PL insurance coverage will be able to help negotiate contracts to the structural engineer will assume minimal liability.
Structural Engineer Insurance Brokerage
We have more than 30 years of experience as a quality independent structural engineer insurance brokerage with specialists that don’t just create optimized insurance policies, but the most all-inclusive risk management plans to meet the requirements of our customers. For example, we evaluate each proposal and contract to ensure our customers aren’t taking any risks on any of their jobs. We like keeping our customers well-informed on the very best risk management developments available. We take pride within the individual attention that we provide to all of our customers, something which sets us apart from on-line structural engineer errors & omissions insurance coverage company that only contact you if they’re looking for money or a contract renewal.