In terms of insurance for design professionals, Fenner & Esler is a top choice as an experienced architects & engineers insurance company. Every structural engineer in California needs to have structural engineers professional liability, or errors and omissions insurance, irrespective of the company’s size. structural engineers and engineering firms require financial defense, and professional liability insurance, especially for structural engineers, provides this safety against breach of contract or neglect accusations. When you need 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. This is the reason we are the only choice you’re going to need for engineers insurance.
Any structural engineer who decides to take on a job without the services of an architects & engineers insurance company typically finds out suddenly they’re ineligible to make a move for any high dollar contracts. Almost all contracts, federal and state, require structural engineer insurance prior to letting a structural engineer make a bid for a contract. Other engineers opt to rely on a project policy, which could help them gain smaller contracts, but these policies have extremely high deductibles. In the event the unthinkable happens and a claim is made, the structural engineer is probably going to be required to pay at least $250,000 out of pocket before the policy begins to cover the expenses related to litigation. A financial deficit this big may potentially cripple most small companies and any structural engineers working for themselves. The team of experts that we employ will make certain the structural engineers insurance our clients choose has low rates to suit any budget, ensuring the operating success of the firm.
Never make the mistake of thinking you’re above the requirement for architect & engineers insurance. Even the most competent structural engineer that sticks to all the industry’s best practices must understand the chance of a lawsuit alleging that some error or omission in a building or other structure they worked on was responsible for personal injury or property damage. Typically such litigation occurs years after a project is completed. Even if the claims of negligence turn out to be frivolous, the cost of litigation may be substantial. For individual structural engineers and engineering firms alike, structural engineer insurance has a value that cannot be underestimated. Structural engineers insurance serves to insure structural engineers against legal expenses, as well as from expenses associated with settling legal actions and paying the plaintiff if the court sides against the firm or structural engineer. In the event a suit is filed against the firm or structural engineer, legal representation will be provided by the insurance company to aid in determining the suit’s merits to figure out the right method of dealing with it.
Engineers Insurance Company
When you’re in need an engineer & architect insurance company, there’s a large number of reasons to select Fenner & Esler. Here are just a few:
- Decades of experience
- Personalized attention
- Flexible insurance plans
- Personalized risk management services
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.
Engineer Insurance Coverage
We offer other services in addition to professional liability architect & engineer insurance coverage as well. Every firm will benefit from possessing EPLI for structural engineers. Even in the absolute most tightly-knit structural engineer companies, employer-employee conflicts arise. Sometimes, such disputes are readily 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 annually, which can destroy a structural engineers business that does not have employment practice insurance for structural engineers. Our team of risk management specialists at Fenner and Esler designs structural engineer employment practice insurance policies which take into consideration the number of employees and independents contractors who work for the firm to make certain the structural engineer is neither over insured or under insured.
Structural Engineer Professional Liability Insurance
The importance of obtaining insurance from an independent structural engineer insurance brokerage cannot be underestimated. One lawsuit can take out a small company, even when the structural engineer is found not liable in the conclusion. Because of this, it is crucial to make sure you are covered. Some young structural engineers disregard this fact and decide to save money and not insure themselves Others opt to store the funds themselves and self insure, only to discover that the expense of litigation is considerably higher than they expected. We can offer comprehensive liability insurance coverage at Fenner & Esler. Without structural engineer Professional Liability Insurance, the price 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 cite the expense of the procedures they have found online. In most cases, the Professional Liability Insurance plans provided on the Internet are one size fits all policies that offer more coverage than what’s desired by small firms. This is where Fenner Esler can help. Through our business understanding and A-rated connections, we’re an independent structural engineer E&O broker that can help you to find a plan that will suit your needs just, whatever the requirements of your business. The outcome is structural PL insurance coverage for engineers that is much cheaper. Fenner Esler is the place to go because our policies are also scalable to suit the requirements of your jobs. If suddenly you find you are taking on bigger jobs, it’s easy to expand your Professional Liability Insurance policy. Fenner Esler can even provide you specific per-project choices so that you can take on just one big job without having to pay more for your typical structural engineer insurance.
Insurance Broker Structural Engineers
You should treat selecting an engineer & architect insurance company just the same as if you were appointing a new partner for the company. An often-overlooked advantage of making use of 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 projects is one particular example that any structural engineer will find helpful. When there are delays in a task beyond the structural engineer’s management, the structural engineers E & O Insurance specialist may also help with negotiating contract provisions to keep them from assuming liability.
Structural Engineers E&O Insurance Coverage Brokerage
We have over 30 years of experience as a quality independent structural engineer insurance brokerage with specialists that create not only customized insurance policies, but the most all-inclusive risk management programs to satisfy the requirements of our customers. For example, we look over each contract and proposal to make sure our customers are not taking any risks on any of their projects. We like keeping our clients up to date on the most effective risk management developments available. The individual attention we provide to our clients is what sets us apart from an online structural engineer insurance that merely makes contact when a premium is due or it is time to renew your policy.