When it comes to insurance for design professionals, Fenner & Esler is a leading choice as an experienced architect & engineers insurance company. Every structural engineer in Colorado needs to have structural engineers professional liability, or errors and omissions insurance, no matter the firm’s size. Structural engineers insurance provides professional the financial protection they desire in the event of allegations of negligence or breach of contract. When you need a professional liability insurance company, the best option is Fenner Esler. We are specialists in taking care of the insurance needs of design professionals, including structural engineers and engineers. This is the reason we’re the only choice you’ll need for engineers insurance.
When design professionals make the error of going without the services of an architect & engineer insurance company they quickly discover they’re not eligible to bid on high value contracts. Most state and federal contracts require structural engineers to have structural engineers insurance to even bid on a contract. The engineers that hold their faith in a projects policy might obtain several smaller contracts at first, but these run the danger of becoming very costly with each of the expenses they could incur. 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. A financial deficit this big could potentially destroy many small firms and any structural engineers that are self-employed. The team of experts employed by Fenner and Esler will make sure the structural engineer liability insurance our clients pick has low rates to suit any budget, ensuring the operating success of the firm.
Never make the mistake of thinking you are above the need for engineers & architects insurance. The possibility of a lawsuit that alleges some omission or error in a project that they have worked on results in property damage or personal injury is a circumstance even the most competent structural engineer deals with. Often this sort of legal action happens years after the completion of the project. Even if the claims of negligence are proved false, the price of litigation will be substantial. Structural engineer insurance is essential for the protection of structural engineers that work alone, as well as engineering firms, from the catastrophic expense of errors and omissions litigation. Figure out the best way to deal with the situation by evaluating the suit’s merits.
Engineers Insurance Company
When you are in need an architects & engineers insurance broker, there’s a large number of reasons to choose Fenner & Esler. Here are several examples:
- 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 & engineer insurance coverage by getting in touch with us today.
Engineer E & O
We offer other services in addition to professional liability architect & engineers insurance coverage as well. Any firm can benefit from possessing structural engineers employment practice insurance. Conflicts may come up out of the blue, no matter what the environment in your structural engineering firm could possibly be like. In some cases, such disputes are readily resolved, but the possibility also exists for a disagreement to escalate into allegations of discrimination or harassment. Settlements with disgruntled employees on average have grown annually, and these lawsuits can substantially damage a structural engineers company if EPLI for structural engineers isn’t in place. Our team of risk management experts at Fenner and Esler creates EPLI for structural engineers policies which take into consideration the amount of employees and independents contractors who work for the firm to ensure the structural engineer is neither over insured or under insured.
Structural Engineers Professional Liability Insurance
You shouldn’t ever underestimate the how essential it is to obtain insurance from an independent structural E & O insurance brokerage for engineers . While some engineers opt to go without this protection under the false assumption that the project owner’s insurance will give you protection in the event of a claim, some find, often when a claim is brought forth years later, that they are not covered. Others opt to store the money themselves and self insure, only to discover that the cost of litigation is significantly more than they anticipated. We can offer comprehensive liability insurance coverage at Fenner & Esler. The requirement for E & O Insurance Coverage for structural engineers becomes clear when one considers all these elements.
Structural Engineer Insurance
When asked why they opt out of architect & engineers insurance company many professionals mention the cost of the policies which they’ve found online. Generally, the E and O Insurance plans offered on the net are one size fits all policies that offer more coverage than what is desired by small firms. Regardless of your company’s size, at Fenner Esler we can help you to find a plan where you will have all the protection you could demand without spending additional cash that you don’t desire to. This makes the premium for your insurance far more affordable. Another advantage of using Fenner Esler is that our policies are scalable so that as the engineering firm take on larger jobs, the limits of liability of the policy could be expanded. Something an independent structural engineer E&O insurance coverage broker like Fenner Esler will offer you is the capability to take out insurance for a special project. If you take on just one large project that will need more insurance, you can manage it without needing to upgrade your normal plan.
Insurance Brokerage Structural Engineer
This procedure is no less important than including a partner to your firm or company. As independent professional liability insurance brokerage specializing in E&O Insurance For structural engineers, Fenner Esler can provide an edge with risk management advice. For instance, they provide guidance for young structural engineers about how you can spread the risk related to large projects among the various professionals. There are forces that will be beyond the structural engineers management, and a professional in structural engineers liability insurance will have the ability to help negotiate contracts to the structural engineer will assume minimal liability.
Structural Engineers Insurance Broker
Fenner and Esler has been a quality independent structural engineers insurance company for more than 30 years. Our specialists in structural engineers insurance ensure that all of your requirements are satisfied and that you’re totally conscious of all risks associated with the project with our risk management services. We’re continuously evaluating proposals and contracts to be sure that our customers aren’t taking a risk with the amount of liability they may take on for any given project. We like to keep our clients up to date on the very best risk management developments available. The individual attention we offer our clients is what sets us apart from an on-line structural engineers insurance that just makes contact when a premium is due or it’s time to renew your policy.