Fenner & Esler is a leading choice when it comes to insurance from an independent architect & engineers insurance company. It is certain that any structural engineer in Georgia should not be without Errors and Omissions Insurance For structural engineers, or errors and omissions insurance. Structural engineer insurance provides professional the financial protection they need in case of allegations of neglect or breach of contract. Fenner Esler is your best choice when you’re looking for a professional liability insurance company. We are experts in handling the insurance needs of design professionals, including structural engineers and engineers. 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 project without structural engineer insurance usually discovers suddenly they’re ineligible to make a move for any high dollar contracts. Having structural engineer E & O is normally a requirement when it comes to bidding on the vast majority of federal and state contracts. Other engineers decide to count on a project policy, which may help them win smaller contracts, but these policies have extraordinarily high deductibles. If the unthinkable occurs and a claim is made, the structural engineer is likely going to be required to pay at least $250,000 out of pocket before the policy starts to cover the expenses related to a lawsuit. A small firm would go bankrupt trying to meet that deductible and an independent structural engineer would be ruined. Fenner and Esler’s team of structural engineer insurance experts ensure the structural engineer insurance our customers select has acceptable and affordable deductibles, protecting the viability of the company.
Thinking you’re above the requirement for engineers & architects insurance is a mistake you should never make. Even the most diligent structural engineers who follow all the best practices of the industry run the chance of a lawsuit claiming that some omission or error in a building or other structure they designed resulted in physical injury or property damage. For the most part legal action of this nature occurs a great deal of time after a project has been completed. The legal cost will be considerable even when the allegations of negligence end up being proved false. For structural engineers working by themselves as well as engineering firms, structural engineers insurance has an importance that cannot be underestimated. Structural engineers insurance serves to insure structural engineers against the expenses of litigation, as well as from expenses that come with legal settlement actions or issuing payment to the plaintiff in the event the court sides against the structural engineers or firm. If it so happens that a suit is filed against the firm or structural engineer, the insurance company will provide legal representation to assist in determining the merits of the suit to come up with a suitable way to deal with it.
Engineers Insurance Company
There’s a large number of reasons to choose Fenner & Esler if you are looking for engineer & architect insurance broker. These are just a few:
- Flexible insurance plans
- Decades of experience
- Personalized risk management services
- Personalized attention
Contact us today to find out first-hand to find out first-hand why Fenner & Esler is such a highly rated choice for architects & engineers insurance coverage.
Engineer Errors And Omissions Insurance
We offer additional services to professional liability architect & engineer insurance coverage as well. Having employment practice liability insurance for structural engineers is important for any firm. Conflicts may arise out of the blue, no matter how great the environment in your structural engineering firm is. The majority of the time disputes may be addressed fairly swiftly, but businesses 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 increased each year, and these lawsuits can devastate a structural engineers company if employment practice insurance for structural engineers is not in effect. At Fenner and Esler our specialists create a EPLI for structural engineers policy that takes into account each facet of your practice to be sure no structural engineers are ever over or under insured.
Structural Engineer Liability Insurance
The importance of having insurance from an independent structural engineers errors and omissions insurance coverage broker shouldn’t ever be underestimated. One suit can take out a smaller company, even if the structural engineer is found not liable in the conclusion. Because of this, it is vital to be sure you are covered. Some young structural engineers disregard this reality and decide to save money and not insure themselves Others may choose to self-insure only to find that the expense of litigation and lawful defense is much higher than the structural engineer expected. We can offer comprehensive liability insurance coverage at Fenner & Esler. The necessity for structural engineer Errors And Omissions Insurance becomes apparent when one takes into account all these elements.
Structural Engineer Insurance
When asked why they opt out of architect & engineers insurance company many professionals cite the cost of the policies that they have found online. This is because larger companies can’t supply you individualized customization, and you end up paying more for services that you won’t ever require. This is where Fenner Esler comes in. We can tailor for you a customized structural engineers policy from several A-rated carriers that is suited to the requirements of your business. This makes the premium for insurance much less expensive. The circumstances of your E&O Insurance policy are also able to be scaled in accordance with the sort of work you are accepting, in case you suddenly find you have bigger jobs than anticipated. In the occasion that a business is awarded a project considerably larger 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 cost of enlarging the protection of the primary policy.
Insurance Brokerage Structural Engineer
This process is no less important than adding a partner 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. For example, they offer guidance for young structural engineers about how to spread the risk of large projects among the different experts. When there are delays in a task beyond the structural engineer’s control, the PL Insurance for structural engineers specialist may also help with negotiating contract provisions to keep them from assuming liability.
Structural Engineer E & O Insurance Company
We have over 30 years of experience as a top independent structural engineers insurance company with specialists that create not only customized insurance policies, but the most all-inclusive risk management plans to meet the needs of our customers. For example, we evaluate each contract and proposal to ensure our customers aren’t assuming any risks on any of their projects. We do our best to keep you current on the most recent innovations and best courses of action within the area of risk management. We take pride within the individual focus that we offer to every one of our customers, something that sets us apart from on-line structural engineers insurance company that only contact you when they are looking for money or a contract renewal.