Fenner & Esler is a leading choice as an independent architect & engineer insurance company serving your needs as a design professional. Every structural engineer in Texas should have structural engineers professional liability, or errors and omissions insurance, no matter the business’s size. Quality structural engineer insurance provides professional financial protection to cover any claims of negligence or breach of contract which might appear. Fenner Esler is the top choice when you’re looking for a professional liability insurance company. We aren’t just brokers, but experts at dealing with the needs of structural engineers, giving you the protection you need. This is the reason we are the only choice you will need for engineers insurance.
Any structural engineer that decides to take on a job while lacking structural PL insurance coverage for engineers usually discovers suddenly that they’re ineligible to make a move for any high dollar contracts. Most state and federal contracts require structural engineers to have structural engineers insurance to even bid on a contract. Other engineers choose to count on a project policy, something that could help them win smaller contracts, but these policies have extraordinarily high deductibles. 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 begins to cover the expenses related to a suit. A financial deficit this big can possibly cripple many small firms and any structural engineers that are self-employed. The team of experts that we employ will make certain the structural engineers PL insurance coverage our customers select has low rates to suit any budget, ensuring the operating success of the company.
Thinking you’re above the requirement for architect & engineers insurance is a mistake you should never make. The risk of a lawsuit claiming that an omission or error in a building or structure that they have designed results in property damage or personal injury is something faced by even the most diligent structural engineer. For the most part legal action of this type is pursued years after a project is finished. Even if the allegations of negligence are frivolous, the price of litigation may be high. For individual structural engineers and engineering firms alike, structural errors & omissions insurance coverage for engineers is essential to protect against the staggering legal costs involved in O&E litigation. Arrive at the right course of action by looking at the suit’s merits.
Engineers Insurance Company
There are many reasons to choose Fenner & Esler when you’re in need an architect & engineers insurance company. Here 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 architect & engineer insurance coverage by getting in touch with us today.
Engineer Errors And Omissions Insurance Coverage
We offer additional services to professional liability architect & engineers insurance coverage as well. Every firm will benefit from having employment practice insurance for structural engineers. Conflicts can happen in just about any workplace. Even the closest-knit structural engineer companies could be prone to them. These scenarios need to be rapidly taken care of as such disputes often have a damaging influence on staff morale, and even though most are resolved fairly easily, it is not hard for all these events to get out of control. The price of settling and litigating employment practice lawsuits continues to rise annually, which can destroy a structural engineers business that does not have structural engineers EPLI. Here at Fenner and Esler our specialists create a structural engineers EPLI policy that examines every aspect of your practice to make sure no structural engineers are ever over or under insured.
Structural Engineer Liability Insurance
Don’t ever underestimate the how essential it is to obtain insurance from an independent structural engineer insurance coverage company . One lawsuit can take out a smaller business, even if the structural engineer is found not liable in the conclusion. For this reason, it’s crucial to ensure you’re covered. Some young structural engineers ignore this truth and decide to cut costs and not insure themselves Those who prefer to self insure often find that they both did not expect the true 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 engineer E&O Insurance, the price of settling claims or defending against unfounded allegations of neglect has the potential to bankrupt a firm.
Structural Engineer Insurance
Many beginning design professionals realize that they opt out of insuring because the rates they often see for architect & engineers insurance are so high. It is because these plans are often one size fits all plans, which actually 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 a number of A-rated carriers that is suited for the needs of a small firm. This makes the premium for the insurance a lot cheaper. Another benefit of using Fenner Esler is that our policies are scalable so that as the engineering firm take on bigger projects, the limitations of liability of the policy can be expanded. In the event that a company is given a project much bigger than their normal contracts, an insurance specialist from the professional liability insurance brokerage can arrange a per project Errors and Omissions Insurance For structural engineers coverage without the expense of expanding the protection of the main policy.
Insurance Brokerage Structural Engineers
You must always treat employing an architect & engineers insurance company precisely the same as though you were appointing a new partner for the company. Advice for risk management methods is another benefit of using an independent professional liability insurance brokerage like Fenner Esler. For example, they provide advice for young structural engineers about how you can spread the risk related to large projects among different professionals. When there are delays in a task beyond the structural engineer’s management, the structural engineers O&E Insurance specialist may also help with negotiating contract terms to keep them from assuming liability.
Structural Engineers Insurance Brokerage
We’ve got over three decades of experience as a quality independent structural engineers insurance broker with experts that don’t just create customized insurance policies, but the most all-inclusive risk management plans to satisfy the needs of our clients. As an example, we review contracts and proposals to ensure our customers aren’t taking on a disproportional amount of liability for a project. In addition, we keep our clients current on the latest advances in the best practices associated with risk management. Each client receives our complete focus regardless of how big or small they may be. We feel our personal touch really sets us apart from online structural engineer insurance brokers who just really appear when they want your money.