Fenner & Esler is a top choice in terms of insurance from an independent architect & engineers insurance company. Every structural engineer in Idaho should have structural engineers professional liability, or errors and omissions insurance, aside from the firm’s size. Structural engineer insurance offers professional the financial protection they want in the event of allegations of negligence or breach of contract. When you need a professional liability insurance broker, your best option is Fenner Esler. We’re not just brokers, but design professionals’ insurance experts, providing you with the protection you need. We’re the only choice you’re going to need for engineers insurance because of this.
When design professionals make the mistake of going without the services of an architect & engineers insurance company they quickly find they aren’t eligible to bid for high value contracts. Most state and federal contracts require structural engineers to have structural insurance coverage for engineers to even bid on a contract. Many engineers choose to rely entirely on a project policy as this can assist with attaining smaller contracts. The only negative is that the expenses on a lot of these policies can get 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 money before the policy begins to cover any litigation-related expense. A financial deficit this big may potentially destroy many small companies and any structural engineers that are self-employed. Our team of structural engineers insurance specialists make certain the structural engineers professional liability insurance coverage our customers choose has fair and affordable deductibles, protecting the viability of the firm.
Thinking you’re above the requirement for architect & engineers insurance is a mistake you should never make. Even the most conscientious structural engineer who sticks to all the industry’s regulations to the letter faces the chance of a lawsuit which alleges that an error or omission in a project they designed was responsible for physical injury or property damage. For the most part litigation of this type is pursued years after the completion of the project. Even if the accusations of negligence turn out to be proved false, the price of litigation may be considerable. For the individual structural engineer as well as engineering companies, structural engineers insurance has a value that cannot be underestimated. Come up with the right course of action by looking at the merits of the suit.
Engineers Insurance Company
If you’re in need an architect & engineer insurance company, there’s a large number of reasons to select Fenner & Esler. These are several examples:
- Personalized risk management services
- Flexible insurance plans
- Personalized attention
- Decades of experience
Discover first-hand why Fenner & Esler is such a highly rated choice for architects & engineers insurance coverage by getting in touch with us today.
Engineers Errors And Omissions Insurance
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. In some cases, these disputes are easily resolved, but the potential also exists for a disagreement to escalate into claims of discrimination or harassment. Settlements with disgruntled employees on average have risen each year, and these lawsuits can cause considerable damage to a structural engineers firm if employment practice insurance for structural engineers is not in effect. Here at Fenner and Esler our specialists create a employment practice liability insurance for structural engineers policy that takes into consideration all aspects of your practice to be sure no structural engineers are ever over or under insured.
Structural Engineer PL Insurance Coverage
The importance of having insurance from a qualified structural insurance coverage broker for engineers cannot be underestimated. One suit can wipe out a smaller company, even when the structural engineer is found not liable in the end. Because of this, it is essential to be sure you’re covered. Some young structural engineers disregard this reality and decide to save money and not insure themselves The others opt to put away the funds themselves and self insure, only to realize that the cost of litigation is substantially higher than they expected. We can offer comprehensive liability insurance coverage at Fenner & Esler. The necessity for structural engineer Errors & Omissions Insurance Coverage becomes obvious when one takes into account all these elements.
Structural Engineer Insurance
When asked why they opt out of architect & engineer insurance company many professionals cite the expense of the guidelines that they have found online. It is because these policies are frequently one size fits all policies, which actually don’t work in your best interest. Aside from your business’s size, at Fenner Esler we can help you to find a plan where you will have all of the coverage you could demand without spending additional money that you don’t desire to. This makes the premium for the insurance far cheaper. Another advantage of using Fenner Esler is that our policies are scalable so that as the engineering company take on bigger projects, the limits of liability of the policy could be expanded. Fenner Esler can even offer you special per-project choices to ensure that you can accept a single large job without the need to pay more for your normal structural engineers insurance.
Insurance Brokerage Structural Engineer
You must always treat selecting an architect & engineers insurance company just the same as though you were appointing a new partner for the firm. An often-overlooked advantage of using an independent professional brokerage like Fenner Esler for structural engineers E and O Insurance is the risk management advice that we can supply. Lots of structural engineers want assistance with issues like spreading out the risk of huge projects to reduce the possibility of lawsuits, errors or omissions. There are forces that will be beyond the structural engineers management, and a professional in structural engineer insurance will be able to help negotiate contracts to the structural engineer will assume minimal liability.
Structural Engineers Insurance Brokerage
Fenner and Esler has been a top independent structural engineers insurance company for over thirty years. Our specialists in structural engineer insurance ensure that all of your needs are satisfied and that you’re fully conscious of all risks related to the job with our risk management services. We are continuously evaluating proposals and contracts to ensure that none of our clients are taking a risk with the amount of liability they might take on for any given job. We like to keep our clients current on the best risk management developments available. The individual focus we offer our customers is what sets us apart from an online structural engineers insurance that simply makes contact when a premium is due or it is time to renew the policy.