When it comes to insurance for design professionals, Fenner & Esler is a leading choice as an experienced architect & engineers insurance company. Regardless of the size of a business, all structural engineers in Arizona need to have Professional Liability Insurance, or errors and omissions insurance for structural engineers. structural engineers and engineering firms require financial protection, and professional liability insurance, especially for structural engineers, offers this safety against breach of contract or neglect accusations. When looking for a professional liability insurance company, the best option is Fenner Esler. We’re experts in handling the insurance needs of design professionals, including structural engineers and engineers. We’re the only choice you’ll require for engineers insurance because of this.
Errors are not only restricted to novice structural engineers. When a company makes the error of trying to bid for contracts without the services of an architect & engineers insurance company, the professionals realize very quickly that they aren’t able to bid for the contracts of higher value. Having structural engineer insurance is generally a necessity as it pertains to bidding on the vast majority of state and federal contracts. Other engineers choose to count on a project policy, which may help them win smaller contracts, but these policies have extremely high deductibles. 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 starts to cover any lawsuit-related expenditure. A small firm would go bankrupt attempting to meet that deductible and an independent structural engineer could be ruined. Our team of structural engineer insurance experts ensure the structural engineers liability insurance our clients pick has acceptable and affordable deductibles, which protects the viability of the firm.
Thinking you’re above the requirement for architect & engineer insurance is a mistake you should never make. The risk of a lawsuit that alleges some error or omission in a project that they have designed is responsible for causing physical injury or property damage is something even the most skilled structural engineer deals with. Typically such legal action occurs years after a project is completed. Even if the accusations of negligence turn out to be proved false, the legal cost may be substantial. Structural engineer insurance is essential for the protection of structural engineers that work by themselves, as well as engineering firms, from the terrible toll of errors and omissions litigation. Structural engineer insurance serves to protect structural engineers from the price of litigation, as well as from fees that come with settling legal actions and paying the plaintiff if the court sides against the structural engineers or firm. In the event a suit is filed against the firm or structural engineer, legal representation will be secured by the insurance company to help with determining the merits of the suit to come up with a suitable course of action.
Engineers Insurance Company
There are many reasons to select Fenner & Esler when you’re looking for architect & engineer insurance company. Here are just a few:
- Flexible insurance plans
- Decades of experience
- Personalized risk management services
- Personalized attention
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 & engineers insurance coverage.
Engineer Errors & Omissions Insurance Coverage
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. Even in the absolute most tightly knit structural engineer companies, employer-employee conflicts arise. In some instances, such disputes are easily resolved, but the potential also exists for a disagreement to escalate into claims of discrimination or harassment. The cost of litigating and settling employment practice lawsuits continues to climb each year, which can devastate a structural engineers firm that doesn’t have structural engineers employment practice liability insurance. Here at Fenner and Esler our experts create a structural engineer employment practice liability insurance policy that examines each facet of your practice to be certain no structural engineers are ever over or under insured.
Structural Engineers Liability Insurance
Don’t ever underestimate the importance of obtaining insurance from a qualified structural engineer insurance broker . While some engineers elect to go without this coverage under the false premise that the project owner’s insurance provides protection in the event of a claim, some find, frequently when a claim is brought forth years after, that they aren’t protected. The others opt to put away the cash themselves and self insure, only to find that the expense of litigation is considerably higher than they anticipated. We can offer comprehensive liability insurance coverage at Fenner & Esler. The requirement for Errors & Omissions for structural engineers becomes obvious when one takes into account all these elements.
Structural Engineer Insurance
When asked why they opt out of architect & engineer insurance company many professionals mention the cost of the policies which they have found online. The reason being these policies are frequently one size fits all plans, which truly don’t work in your best interest. No matter your firm’s size, at Fenner Esler we can help you to locate a plan where you will have all the protection you could require without spending extra money that you don’t desire to. This makes the premium for the insurance much cheaper. Fenner Esler is the place to go because our plans are also scalable to satisfy the needs of your projects. If suddenly you find you are accepting bigger jobs, it is easy to expand your O and E Insurance policy. Fenner Esler can even offer you specific per-project alternatives so that you can take on just one big job without needing to pay more for your regular structural engineer insurance.
Insurance Broker Structural Engineers
You must always treat hiring an architect & engineers insurance company exactly the same as if you were appointing a new team member for the business. Guidance for risk management techniques is another advantage of using an independent professional liability insurance brokerage like Fenner Esler. Lots of structural engineers need assistance with issues like spreading out the risk of huge tasks to reduce the opportunity of lawsuits, errors or omissions. When there are delays in a task beyond the structural engineer’s control, the O&E Insurance for structural engineers specialist may also help with negotiating contract terms to keep them from assuming liability.
Structural Engineer Insurance Company
Fenner and Esler has been a quality independent structural engineers insurance company for more than thirty years. Our experts in structural engineer errors & omissions insurance make certain that all your requirements are met and that you’re completely aware of all risks connected with the project with our risk management services. By way of example, we review proposals and contracts to ensure our clients are not assuming a disproportional amount of liability for a project. In addition, we keep our customers up-to-date on the latest advances in the most effective practices related to risk management. Each client receives our complete attention regardless of how large or small they may be. We believe our personal touch truly sets us apart from on-line structural engineers insurance brokerages who only really appear when they’re looking for money.