Fenner & Esler is a top choice as an independent architect & engineer insurance company serving your requirements as a design professional. Regardless of the size of a firm, all structural engineers in Georgia need to have Professional Liability Insurance, or errors and omissions insurance for structural engineers. Structural engineer insurance offers professional the financial protection they need in the event of allegations of negligence or breach of contract. When looking for a professional liability insurance broker, the best option is Fenner Esler. We’re not simply brokers, but experts at dealing with the needs of structural engineers, giving you the protection you need. This is the reason we are the only choice you’re going to need for engineers insurance.
Mistakes aren’t only limited to novice structural engineers. If a firm makes the mistake of trying to bid for contracts without the services of an engineers & architects insurance company, the professionals discover quite quickly that they are not able to bid on higher value contracts. The majority of state and federal contracts require structural engineers to have structural engineer insurance to even bid on a contract. Other engineers choose to rely on a project policy, something that may assist them in obtaining smaller contracts, but these policies have inordinately high deductibles. In the event the unthinkable happens and a claim is made, the structural engineer is likely going to have to pay at least $250,000 out of pocket before the policy starts to cover the expenses related to a lawsuit. A financial deficit this large may possibly destroy many small firms and any structural engineers that are self-employed. We’ve got a group of experts who specialize in structural engineers insurance whose main job is making sure that our customers are safeguarded by their coverage at all times and need not suffer any unaffordable costs.
Thinking you’re above the requirement for architect & engineers insurance is a mistake you should never make. The risk of a lawsuit that alleges an omission or error in a project that they have designed is responsible for causing physical injury or property damage is a reality for even the most skilled structural engineer. For the most part litigation of this nature is pursued years after a project is finished. Even if the allegations of negligence turn out to be proved false, the legal cost will be substantial. Structural engineers insurance is essential for protecting individual structural engineers, as well as engineering firms, from the devastating legal fees for omissions and errors litigation. Structural engineer insurance serves to protect structural engineers from the costs of litigation, in addition to expenses that come with settling legal actions or paying the plaintiff if a judgment is made against the structural engineers or firm. In the event a former client files a suit against the structural engineer or firm, the insurance company will secure legal representation to help with determining the merits of the suit to come up with a suitable method of dealing with it.
Engineers Insurance Company
There’s a large number of reasons to select Fenner & Esler if you are looking for architect & engineer insurance brokerage. These are several examples:
- Decades of experience
- Personalized attention
- Flexible insurance plans
- Personalized risk management services
Contact us today to find out first-hand to find out first-hand why Fenner & Esler is such a highly rated choice for architect & engineers insurance coverage.
Structural Engineers Insurance Brokerage
We offer other services in addition to professional liability architect & engineers insurance coverage as well. Any firm can benefit from possessing employment practice insurance for structural engineers. Conflicts can arise out of the blue, no matter how great the environment in your structural engineering company is. The majority of the time disputes can be taken care of quite swiftly, but firms 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 grown annually, and these lawsuits can devastate a structural engineers company if structural engineers EPLI is not set up. Our team of risk management professionals at Fenner and Esler designs structural engineers employment practice insurance policies that take into account the amount of workers and independents contractors who work for the company to ensure the structural engineer is neither over insured or under insured.
Structural Engineers Liability Insurance
Don’t ever underestimate the how essential it is to obtain insurance from an independent structural engineers E & O insurance company . It’s a common mistake of structural engineers to falsely think they are better off saving the money by not insuring. They discover years after, when a lawsuit occurs, however without merit, that they are in trouble. Others opt to put away the cash themselves and self insure, only to realize that the cost of litigation is substantially 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 PL for structural engineers absolute necessity.
Structural Engineer Insurance
Many beginning design experts realize that they choose out of insuring since the estimates they frequently see for architect & engineers insurance are so large. This is because bigger companies cannot supply you individualized customization, and you end up paying more for services that you will never need. This is where Fenner Esler can help. Through our business information and A-rated connections, we’re an independent structural engineer errors and omissions insurance coverage company that can help you to find a policy that will fit your needs precisely, whatever the requirements of your business. The result is structural engineer insurance that is far cheaper. Another advantage of using Fenner Esler is that our policies are scalable so that as the engineering firm take on larger jobs, the limitations of liability of the policy may be enlarged. In the occasion that a firm is given a project much larger than their customary contracts, an insurance specialist from the professional liability insurance brokerage can arrange a per project E&O Insurance For structural engineers coverage without the expense of enlarging the coverage of the primary policy.
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 company. An often-overlooked advantage of using an independent professional brokerage like Fenner Esler for E&O Insurance For structural engineers insurance is the risk management guidance that we can supply. How to spread the risk of big tasks is one particular instance that any structural engineer will find helpful. In addition, the E and O Insurance for structural engineers specialist 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 job that are beyond the control of the structural engineer.
Engineer Liability Insurance Broker
With more than three decades of experience as an independent structural E & O insurance company for engineers our specialists not only create customized insurance policies to meet the requirements of our clients, but we also provide comprehensive risk management services. As an example, we evaluate proposals and contracts to make sure that our clients aren’t assuming a disproportional amount of liability for a job. We also keep our clients current on the latest developments in the most effective practices related to risk management. Each client receives our complete focus regardless of how big or small they might be. We feel our personal touch truly sets us apart from online structural E & O insurance coverage companies for engineers that just really appear when they want your money.