Fenner & Esler is a leading choice in terms of insurance from an independent architect & engineer insurance company. Regardless of the size of a company, all structural engineers in Rhode Island need to have Professional Liability Insurance, or errors and omissions insurance for structural engineers. structural engineers and engineering firms need financial defense, and professional liability insurance, specifically for structural engineers, provides this safety against breach of contract or negligence accusations. Fenner Esler is the top choice the only choice you need to make for a professional liability insurance brokerage. We aren’t just brokers, but design professionals’ insurance experts, giving you the protection you need. This is why we are the only choice you will need for engineers insurance.
Any structural engineer who decides to take on a job without structural engineer insurance generally discovers suddenly that they’re not eligible to make a move for any high value contracts. Just about all contracts, state and federal, demand structural engineers insurance before they can even let a structural engineer make a bid for a contract. Many engineers prefer to rely solely on a project policy because this could assist with gaining smaller contracts. The only negative is the fact that the expenses on some of these policies can get astronomically high. In the event the unthinkable occurs and a claim is brought forward, the structural engineer is probably going to have to pay at least $250,000 out of pocket before the coverage begins to cover the expenses related to a suit. Meeting this deductible can financially break most smaller firms and independent structural engineers. We have a number of agents that specialize in structural engineers insurance whose main job is ensuring our customers are protected by their policy at all times and do not have to suffer any unaffordable expenses.
Thinking you’re above the requirement for architect & engineer insurance is a mistake you should never make. Even the most competent structural engineers who follow all the industry’s best practices run the risk of a lawsuit claiming that an omission or error in a building or other structure they worked on resulted in personal injury or property damage. Typically this litigation is pursued a long time after a project is completed. The legal expense will be substantial even if the allegations of negligence turn out to be proved false. Structural engineers insurance is necessary to protect structural engineers working alone, as well as engineering firms, from the catastrophic legal expenses for omissions and errors litigation. Structural engineer insurance serves to insure structural engineers against legal expenses, as well as from expenses that come with legal settlement actions and issuing payment to the plaintiff in case the court sides against the firm or structural engineer. In the event someone files a suit against the firm or structural engineer, the insurance company will obtain legal representation to aid in determining the suit’s merits to come up with the right course of action.
Engineers Insurance Company
If you’re in need an architect & engineers insurance broker, there are many reasons to select Fenner & Esler. These are several examples:
- Personalized risk management services
- Flexible insurance plans
- Personalized attention
- Decades of experience
Contact 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 Company
We offer additional services to professional liability architect & engineer insurance coverage as well. Possessing EPLI for structural engineers is important for any firm. Conflicts can arise out of nowhere, no matter how great the environment in your structural engineering company is. These situations need to be promptly addressed since these disputes often have a harmful effect on staff morale, and although most are resolved pretty easily, it is not difficult for these situations to get out of control. The price of litigation and settlements for employment practice lawsuits are always rising, and this may cause substantial damage to a structural engineers firm which doesn’t have any structural engineers EPLI in place. At Fenner and Esler our experts create a employment practice liability insurance for structural engineers policy that takes into account each facet of your practice to ensure no structural engineers are ever over or under insured.
Structural Engineers PL Insurance
You shouldn’t ever underestimate the how essential it is to obtain insurance from a qualified structural engineer insurance broker . It’s a common error of structural engineers to falsely think they’re better off saving the funds by not insuring. They find out years after, when a lawsuit occurs, however frivolous, that they are in big trouble. People who choose to self insure often find that they either failed to expect the true price 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 PL Insurance, the price of settling claims or defending against unfounded allegations of neglect has the potential to bankrupt a firm.
Structural Engineer Insurance
Many individuals find architect & engineer insurance online and find that it’s much more than they anticipate. In most cases, the PLI plans offered on the net are one size fits all policies offering more protection than what’s needed by small businesses. This is where Fenner Esler comes in. We can tailor for you a customized structural engineer policy from a number of A-rated carriers that is fitted to the needs of your company. Structural engineer insurance which you can afford is the outcome. Another benefit of using Fenner Esler is that our policies are scalable so that as the engineering company take on bigger projects, the limitations of liability of the policy may be enlarged. Something an independent structural E & O insurance coverage company for engineers like Fenner Esler can provide you is the ability to obtain insurance for a particular project. If you accept a single large job that will require more insurance, you can handle it without having to upgrade your regular plan.
Insurance Brokerage Structural Engineer
When looking for a architect & engineers insurance company, it is helpful to consider the process as similar to adding someone into your business. An often-overlooked advantage of making use of an independent professional brokerage like Fenner Esler for structural engineers O&E Insurance is the risk management advice that we can provide. The way to distribute the risk of big tasks is one such example that any structural engineer will find useful. There are forces that will be beyond the structural engineers control, and a professional in structural engineers insurance will have the ability to help negotiate contracts to the structural engineer will assume minimal liability.
Engineer Liability Insurance Coverage 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 alert to all risks related to the project with our risk management services. We are continuously looking over contracts and proposals to ensure that our clients are not taking a risk with the amount of liability they may assume for any specific job. We strive to keep our clients current regarding the latest innovations and best advice in the area of risk management. The individual focus we offer our clients is what sets us apart from an on-line structural engineers insurance coverage that simply makes contact when a premium is due or it is time to renew the coverage.