Fenner & Esler is a leading choice when it comes to insurance from an independent architects & engineers insurance company. Every structural engineer in Massachusetts should have structural engineers professional liability, or errors and omissions insurance, irrespective of the business’s size. Quality structural engineer insurance supplies professional financial protection to cover any allegation of negligence or breach of contract which might appear. When you need a professional liability insurance company, the best option is Fenner Esler. We’re not just brokers, but experts at dealing with the needs of structural engineers, providing you with the protection you need. This is the reason we’re the only choice you’re going to need for engineers insurance.
Any structural engineer who chooses to take on a project while lacking structural engineers liability insurance coverage usually finds out suddenly they’re not eligible to make a move for any high dollar contracts. The majority of state and federal contracts require structural engineers to have structural engineer insurance to even bid on a contract. Many engineers prefer to depend completely on a project policy because this can help with attaining smaller contracts. The only negative is the fact that the expenses on a lot of these policies can be astronomically high. In the event the unthinkable occurs and a claim is made, the structural engineer is likely going to have to pay at least $250,000 out of pocket before the coverage starts to cover the expenses related to litigation. Meeting this deductible can financially break most smaller firms and independent structural engineers. Fenner and Esler’s team of structural engineers insurance experts make sure the structural liability insurance coverage for engineers our customers choose has decent and affordable deductibles, which protects the viability of the company.
Thinking you’re above the requirement for engineer & architect insurance is a mistake you should never make. Even the most competent structural engineer who follows all the industry’s regulations to the best of their ability must understand the chance of a lawsuit alleging that some error or omission in a building or other structure they worked on caused property damage or personal injury. Typically this litigation happens years after the completion of the project. The price of litigation can be high even when the claims of negligence turn out to be proved false. For individual structural engineers and engineering companies alike, structural engineer professional liability insurance has a value that cannot be underestimated. Determine the right course of action by looking at the suit’s merits.
Engineers Insurance Company
There’s a large number of reasons to choose Fenner & Esler when you’re in need an architect & engineers insurance company. 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.
Structural Engineers Insurance Company
We offer additional services to professional liability architect & engineer insurance coverage as well. Every firm will benefit from possessing employment practice liability insurance for structural engineers. Even in the most tightly knit structural engineer firms, employer-employee conflicts happen. These situations have to be promptly taken care of as these disputes frequently have a harmful effect on staff morale, and although most are resolved fairly easily, it’s not difficult for these events to get out of control. The cost of litigating and settling employment practice lawsuits continues to rise annually, which can destroy a structural engineers business that doesn’t possess EPLI for structural engineers. We have created a team here at Fenner and Esler comprised of top risk management experts to design structural engineer employment practice liability insurance which takes into consideration the number of staff and outside contractors that work for the firm so that they can make sure that no structural engineer is ever under insured or over insured.
Structural Engineers Liability Insurance Coverage
The importance of having insurance from a qualified structural engineer professional liability company cannot be underestimated. One suit can wipe out a smaller company, even when the structural engineer is found not liable in the conclusion. Because of this, it is crucial to be sure you’re covered. Some young structural engineers disregard this truth and decide to cut costs and not insure themselves People who elect to self insure often find they both did not expect the actual cost of litigation, or else were tempted to remove the money for other expenses. We can offer comprehensive liability insurance coverage at Fenner & Esler. Without structural engineers Errors & Omissions Insurance Coverage, the cost of settling claims or defending against unfounded allegations of neglect has the potential to break a business.
Structural Engineer Insurance
When asked why they opt out of architect & engineers insurance company many professionals cite the expense of the policies that they have found online. This is because bigger businesses can’t provide you personal customization, and you wind up spending more for services that you will never need. 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 fitted to the wants of a small firm. Structural engineers insurance that you can afford is the final result. Another benefit of using Fenner Esler is that our policies are scalable so that as the engineering firm take on bigger 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 obtain insurance for a specific project. If you undertake just one big job that may need more insurance, you can manage it without having to upgrade your normal coverage.
Insurance Brokerage Structural Engineers
You should always treat hiring an architect & engineer insurance company exactly the same as if you were appointing a new partner for the firm. Advice for risk management strategies is another benefit of using an independent professional liability insurance brokerage like Fenner Esler. For example, they provide assistance for young structural engineers about how to spread the risk related to huge projects among different experts. When there are delays in a task beyond the structural engineer’s control, the E & O Insurance for structural engineers specialist can also help with negotiating contract terms to keep them from assuming liability.
Structural Engineers Insurance Company
Fenner and Esler has been a quality independent structural engineer insurance company for over 30 years. Our specialists in structural engineer liability insurance coverage ensure that all your needs are satisfied and that you’re totally alert to all risks related to the job with our risk management services. For example, we review proposals and contracts to ensure that our clients aren’t assuming a disproportional amount of liability for a job. We like keeping our clients well-informed on the very best risk management developments available. We take pride in the individual focus that we provide to every one of our clients, something that sets us apart from online structural engineer insurance brokers that just contact you if they are looking for money or a contract renewal.