Fenner & Esler is a leading choice in terms of insurance from an independent architect & engineers insurance company. Every structural engineer in Ohio needs to have structural engineers professional liability, or errors and omissions insurance, aside from the company’s size. structural engineers and engineering firms require financial protection, and professional liability insurance, specifically for structural engineers, provides this protection against breach of contract or negligence accusations. Fenner Esler is the best choice when you’re looking for a professional liability insurance broker. We’re not just brokers, but experts at dealing with the needs of structural engineers, providing you with the protection you need. We’re the only choice you’re going to require for engineers insurance for this reason.
Any structural engineer who chooses to take on a job without the services of an architects & engineers insurance company usually discovers suddenly they’re ineligible to make a move for any high dollar contracts. Having structural engineers insurance is normally a requirement in regards to bidding on the vast majority of federal and state contracts. Other engineers choose to depend on a project policy, which could help them acquire smaller contracts, but these policies have amazingly high deductibles. In the event the unthinkable occurs and a claim is brought forward, the structural engineer is likely going to be required to pay at least $250,000 out of pocket before the policy starts to cover the expenses related to a lawsuit. A financial deficit this large can potentially destroy many small firms and any structural engineers working for themselves. Our team of structural engineer insurance specialists ensure the structural engineers insurance our customers select has acceptable and affordable deductibles, which protects the viability of the firm.
Thinking you’re above the requirement for architect & engineer insurance is a mistake you should never make. The risk of a lawsuit claiming that an error or omission in a building or structure that they have designed is responsible for causing property damage or personal injury is something faced by even the most diligent structural engineer. Often this sort of legal action occurs years after a project has been completed. The legal expense will be substantial even when the accusations of negligence end up being frivolous. For individual structural engineers and engineering companies alike, structural professional liability insurance for engineers has a value that must not be underestimated. Structural engineer insurance serves to protect structural engineers from legal fees, in addition to the costs associated with settling legal actions and paying the plaintiff if a judgment is made against the firm or structural engineer. In the event someone files a suit against the structural engineer or firm, the insurance company will secure legal representation to aid in determining the merits of the suit to figure out a suitable course of action.
Engineers Insurance Company
There are many reasons to choose Fenner & Esler when you’re looking for architect & engineers insurance company. Here are just a few:
- Flexible insurance plans
- Decades of experience
- Personalized risk management services
- Personalized attention
Discover first-hand why Fenner & Esler is such a highly rated choice for architects & engineers insurance coverage by getting in touch with us today.
Structural Engineers Errors & Omissions Insurance Coverage
We offer other services in addition to professional liability engineer & architect insurance coverage as well. Possessing EPLI for structural engineers is important for any firm. Conflicts may come up out of nowhere, no matter what the environment in your structural engineering company could possibly be like. Most of the time disputes can be addressed rather swiftly, but firms should be ready for the off-chance that they amount to what is possibly the worst-case scenario of harassment or discrimination claims. The cost of litigating and settling employment practice lawsuits continues to rise annually, which can destroy a structural engineers company that does not have employment practice liability insurance for structural engineers. At Fenner and Esler our specialists craft a structural engineers EPLI policy that examines each aspect of your practice to be sure no structural engineers are ever over or under insured.
Structural Engineer Liability Insurance
The importance of having insurance from a qualified structural engineer E & O insurance brokerage shouldn’t ever be underestimated. While some engineers pick to go without this coverage under the false assumption that the project owner’s insurance provides safety in case of a claim, some find, often when a claim is made years later, that they are not covered. Those who opt to self insure often discover that they either didn’t anticipate 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. The necessity for Professional Liability Insurance Coverage for structural engineers becomes obvious when one considers all these aspects.
Structural Engineer Insurance
Many beginning design professionals find that they choose out of insuring since the quotes they often see for architect & engineers insurance are considerably large. This is because bigger organizations cannot provide you individualized customization, and you end up paying more for services that you won’t ever need. 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 needs of your firm. Structural engineers insurance which you can manage is the outcome. Another benefit of using Fenner Esler is that our policies are scalable so that as the engineering firm take on larger projects, the limits of liability of the policy can be enlarged. Fenner Esler can even offer you specific per-project options to ensure that you can take on a single big job without having to cover more for your regular structural engineer insurance.
Insurance Brokerage Structural Engineer
You should always treat employing an architect & engineers insurance company just the same as if you were appointing a new partner for the firm. An often-overlooked advantage of making use of an independent professional brokerage like Fenner Esler for structural engineers E&O Insurance is the risk management guidance that we can supply. Many structural engineers need help with issues like spreading out the risk of huge jobs to decrease the chance of lawsuits, errors or omissions. In addition, the PLI for structural engineers expert provides assistance during contract negotiations in terms of developing provisions to safeguard the structural engineer or design professional from liability when they are delays in a job that are beyond the control of the structural engineer.
Structural Engineer E&O Insurance Coverage Broker
We have over three decades of experience as a quality independent structural engineer insurance company with experts that create not only optimized insurance policies, but the most all-inclusive risk management plans to meet the requirements of our clients. We’re continuously reviewing proposals and contracts to be sure that none of our clients are taking a risk with the amount of liability they might take on for any specific job. We also keep our clients current on the newest developments in the best practices associated with risk management. The individual attention we offer our customers is what sets us apart from an online structural engineers insurance that merely makes contact when a premium is due or it is time to renew the policy.