In terms of 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 Maryland need to have Professional Liability Insurance, or errors and omissions insurance for structural engineers. structural engineers and engineering firms need financial protection, and professional liability insurance, specifically for structural engineers, offers this safety against breach of contract or negligence accusations. When looking for a professional liability insurance company, the best option is Fenner Esler. We’re experts in handling the insurance needs of structural engineers, engineers, and other design professionals. We’re the only choice you’ll need for engineers insurance for this reason.
Mistakes are not only restricted to rookie structural engineers. When a firm makes the error of attempting to secure contracts without the services of an architect & engineers insurance company, the professionals find out quite fast that they can’t bid for higher value contracts. Having structural engineer insurance is normally a necessity when it comes to bidding on the vast majority of state and federal contracts. Some engineers choose to rely solely on a project policy since this may assist with attaining smaller contracts. The only drawback is that the expenses on a lot of these policies can be astronomically high. Worst-case scenario is that a claim is made, which causes the structural engineer to pay at least $250,000 of their own hard-earned cash before the policy begins to cover any litigation-related cost. A financial deficit this large can potentially cripple most small firms and any structural engineers working for themselves. The team of specialists employed by Fenner and Esler can make certain that the structural engineers insurance our customers select has low rates to satisfy any budget, ensuring the operating success of the company.
Never make the mistake of thinking you are above the need for architect & engineers insurance. Even the most competent structural engineer that sticks to all the regulations of the industry to the best of their ability runs the risk of a lawsuit alleging that an error or omission in a project they designed was responsible for personal injury or property damage. For the most part this sort of legal action is pursued years after the completion of the project. The legal expense will be high even if the accusations of negligence end up being frivolous. For structural engineers working alone and engineering companies alike, structural engineer insurance has an importance that must not be underestimated. Structural engineer insurance serves to insure structural engineers against the expenses of litigation, as well as from expenses associated with settling legal actions and issuing payment to the plaintiff in case a judgment is made against the structural engineers or firm. In the event someone files a suit against the firm or structural engineer, legal representation will be secured by the insurance company to assist in determining the merits of the suit to figure out the best way to deal with it.
Engineers Insurance Company
There are many reasons to select Fenner & Esler when you’re in need an architect & engineers insurance company. These are several examples:
- 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 engineer & architect insurance coverage by getting in touch with us today.
Engineers Errors And Omissions Insurance Coverage
We offer other services in addition to professional liability architect & engineers insurance coverage as well. Possessing structural engineer employment practice insurance is important for any firm. Even in the absolute most tightly-knit structural engineer firms, employer-employee conflicts come up. In some instances, these disputes are readily resolved, but the possibility also exists for a disagreement to escalate into allegations of discrimination or harassment. The cost of litigating and settling employment practice lawsuits continues to rise every year, which can devastate a structural engineers firm that does not possess structural engineer employment practice liability insurance. We have created a team here at Fenner and Esler comprised of leading risk management specialists to create EPLI for structural engineers that takes into consideration the number of staff and outside contractors who work for the firm so they can make sure that no structural engineer is ever under insured or over insured.
Structural Engineer Liability Insurance Coverage
You shouldn’t ever underestimate the importance of obtaining insurance from a qualified structural insurance broker for engineers . It is a common mistake of structural engineers to falsely believe they are better off saving the money by not insuring. They find out years later, when a lawsuit occurs, even if it’s frivolous, that they are in big trouble. The others decide to put away the funds themselves and self insure, only to discover that the expense of litigation is significantly more than they anticipated. We can offer comprehensive liability insurance coverage at Fenner & Esler. Without Errors And Omissions Insurance for structural engineers, the cost of settling claims or defending against unfounded allegations of negligence has the potential to break a business.
Structural Engineer Insurance
Many individuals find engineer & architect insurance on the web and find it is much more than they expect. Generally, the PLI plans offered on the net are one size fits all plans that provide more protection than what is desired by small firms. This is where Fenner Esler comes in. We can tailor for you a customized structural engineers policy from a number of A-rated carriers that is suited for the needs of your business. The result is structural professional liability insurance for engineers that is a lot less expensive. The problems of your PLI policy are also able to be scaled in accordance with the type of work you are taking on, in case you suddenly discover you have bigger jobs than anticipated. Something an independent structural engineer insurance broker like Fenner Esler can offer you is the ability to obtain insurance for a particular job. If you take on just one huge job that may need more insurance, you can manage it without the need to upgrade your normal coverage.
Insurance Brokerage Structural Engineer
When searching for a architect & engineers insurance company, it is useful to consider the procedure as comparable to incorporating somebody into your company. Advice for risk management techniques is another benefit of using an independent professional liability insurance brokerage like Fenner Esler. Many structural engineers need help with things like spreading out the risk of large projects to reduce the chance of lawsuits, errors or omissions. There are forces that will be beyond the structural engineers management, and a professional in structural engineers insurance will have the ability to help negotiate contracts to the structural engineer will assume minimal liability.
Structural Engineer Errors & Omissions Insurance Company
Fenner and Esler has been a quality independent structural engineer insurance company for over three decades. Our experts in structural engineer errors and omissions insurance coverage make sure that all your requirements are satisfied and that you are fully alert to all risks associated with the job with our risk management services. For example, we look over each proposal and contract to make sure our customers aren’t assuming any risks on any of their projects. We also keep our clients up-to-date on the newest advances in the best practices related to risk management. Every client is treated with our complete focus regardless of how large or small they may be. We believe our personal touch really sets us apart from on-line structural E&O brokerages for engineers that just really appear if they want your money.