Fenner & Esler is a top choice in terms of insurance from an independent architect & engineer insurance company. Regardless of the size of a business, all structural engineers in Colorado need to have Professional Liability Insurance, or errors and omissions insurance for structural engineers. Structural engineers insurance provides professional the financial protection they want in case of allegations of neglect or breach of contract. Fenner Esler is the best choice when you’re looking for a professional liability insurance company. We’re experts in dealing with the insurance needs of design professionals, including structural engineers and engineers. We’re the only choice you’re going to require for engineers insurance for this reason.
Errors aren’t only restricted to rookie structural engineers. If a firm makes the mistake of attempting to secure contracts without the services of an architect & engineers insurance company, the professionals discover very fast that they’re unable to bid for the contracts of higher value. Most state and federal contracts need structural engineers to have structural engineer insurance to even bid on a contract. The engineers who hold their faith in a projects policy might get a few smaller contracts in the beginning, but these run the risk of getting very expensive with each of the expenses they can incur. 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 money before any policy starts to cover any litigation-related expenditure. A financial deficit this big can possibly cripple most small firms and any structural engineers working for themselves. Our team of structural engineers insurance experts ensure the structural engineers PL insurance coverage our clients pick has decent and affordable deductibles, which protects the viability of the firm.
Thinking you’re above the need for architect & engineers insurance is a mistake you should never make. The possibility of a lawsuit alleging that some omission or error in a building or structure that they have designed is responsible for causing property damage or personal injury is a situation faced by even the most competent structural engineer. Often such legal action occurs a long time after a project has been finished. Even if the allegations of negligence are proved false, the cost of litigation may be high. Structural engineer insurance is essential for the protection of structural engineers individually, as well as engineering firms, from the great expense of errors and omissions litigation. Determine the right course of action by evaluating the suit’s merits.
Engineers Insurance Company
There are many reasons to select Fenner & Esler if you’re looking for architect & engineers insurance company. Here are just a few:
- Personalized risk management services
- Flexible insurance plans
- Personalized attention
- Decades of experience
Get in touch with us today to find out first-hand to find out first-hand why Fenner & Esler is such a highly rated choice for architect & engineer insurance coverage.
Structural Engineers Insurance Brokerage
We offer additional services to professional liability architect & engineer insurance coverage as well. Every firm will benefit from possessing structural engineer employment practice liability insurance. Even in the most tightly knit structural engineer firms, employer-employee conflicts happen. In some cases, these disputes are easily resolved, but the potential also exists for a disagreement to escalate into allegations of discrimination or harassment. The costs of litigation and settlements for employment practice lawsuits are forever increasing, and this can cause a lot of damage to a structural engineers firm which has no structural engineer EPLI set up. We’ve put together a team here at Fenner and Esler made up of top risk management professionals to design EPLI for structural engineers which takes into account the number of staff and outside contractors who work for the firm so they can ensure that no structural engineer is ever under insured or over insured.
Structural Engineer PL Insurance Coverage
The importance of obtaining insurance from an independent structural engineer errors and omissions insurance broker cannot be underestimated. This is a common error of structural engineers to falsely think they’re better off saving the money by not insuring. They discover years after, when a lawsuit occurs, however frivolous, that they are in trouble. Those who opt to self insure often find that they either didn’t anticipate the actual price of litigation, or else were tempted to remove the cash for other expenses. We can offer comprehensive liability insurance coverage at Fenner & Esler. The potential for settling claims or defending one’s self in court makes Professional Liability Insurance for structural engineers absolute requirement.
Structural Engineer Insurance
When asked why they opt out of architect & engineers insurance company many professionals cite the expense of the guidelines which they’ve found online. It is because these policies are frequently one size fits all plans, which really do not work in your best interest. 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 for the wants of a small business. The outcome is structural engineers errors and omissions insurance coverage that is far cheaper. Another benefit of using Fenner Esler is that our policies are scalable so that as the engineering company take on larger jobs, the limits of liability of the policy may be enlarged. Fenner Esler can even provide you special per-project choices to ensure that you can accept just one large job without having to pay more for your normal structural engineer insurance.
Insurance Company Structural Engineer
When searching for a architect & engineers insurance company, it is useful to think about the procedure as comparable to incorporating someone into your 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 advice that we can provide. For instance, they offer advice for young structural engineers about how you can spread the risk related to large projects among the various professionals. When there are delays in a project beyond the structural engineer’s management, the Professional Liability Insurance for structural engineers specialist can also help with negotiating contract terms to keep them from assuming liability.
Structural Engineers Errors And Omissions Insurance Company
We’ve got over three decades of experience as a quality independent structural engineers insurance broker with specialists that create not only customized insurance policies, but the most all-inclusive risk management programs to meet the needs of our clients. We’re always evaluating contracts and proposals to be sure that our customers aren’t taking a risk with the amount of liability they may assume for any specific project. We endeavor to keep our customers up to date with the most recent innovations and best advice within the area of risk management. We take pride within the individual focus that we supply to every one of our clients, something that sets us apart from on-line structural engineer insurance companies that simply contact you if they are looking for money or a contract renewal.