Fenner & Esler is a top choice as an independent architect & engineer insurance company serving your needs as a design professional. Regardless of the size of a firm, all structural engineers in Massachusetts need to have Professional Liability Insurance, or errors and omissions insurance for structural engineers. Structural engineer insurance provides professional the financial protection they want in the event of allegations of negligence or breach of contract. Fenner Esler is your best choice the only choice you need to make for a professional liability insurance company. We aren’t just brokers, but design professionals’ insurance experts, providing you with the protection you need. This is the reason we’re the only choice you’re going to require for engineers insurance.
Mistakes aren’t just limited to novice structural engineers. When a company makes the error of attempting to secure contracts without the services of an architect & engineers insurance company, the professionals find out quite fast that they are unable to bid for higher value contracts. The majority of federal and state contracts require structural engineers to have structural engineers insurance to even bid on a contract. Other engineers choose to depend on a project policy, which might help them acquire smaller contracts, but these policies have amazingly high deductibles. In the event the unthinkable happens and a claim is brought forward, the structural engineer is probably going to be required 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 may possibly destroy many small companies and any structural engineers that are self-employed. The team of specialists that we employ can ensure the structural engineers insurance our clients select has low rates to satisfy any budget, ensuring the operating success of the firm.
Never make the mistake of thinking you’re above the need for engineers & architects insurance. Even the most competent structural engineers who follow all the industry’s best practices run the risk of a lawsuit which claims that an error or omission in a project they worked on caused personal injury or property damage. Typically legal action of this nature is pursued years after the completion of the project. Even if the accusations of negligence are frivolous, the cost of litigation will be high. For structural engineers that work by themselves and engineering companies alike, structural E&O for engineers has an importance that should not be underestimated. Determine the best way to deal with the situation by evaluating the suit’s merits.
Engineers Insurance Company
There are many reasons to select Fenner & Esler when you are looking for architect & engineers insurance broker. These are just a few:
- Decades of experience
- Personalized attention
- Flexible insurance plans
- Personalized risk management services
Contact us today to find out first-hand to discover first-hand why Fenner & Esler is such a highly rated choice for architect & engineers insurance coverage.
Structural Engineers Insurance Brokerage
We offer other services in addition to professional liability architect & engineer insurance coverage as well. Possessing employment practice insurance for structural engineers is important for any firm. Conflicts can happen in virtually any workplace. Even the closest-knit structural engineer companies could be prone to them. Most of the time disputes could be taken care of quite swiftly, but companies should be prepared for the off-chance that they amount to what is possibly the worst-case scenario of discrimination or harassment claims. The cost of litigating and settling employment practice lawsuits continues to increase every year, which can devastate a structural engineers company that does not possess EPLI for structural engineers. Our team of risk management specialists at Fenner and Esler creates EPLI for structural engineers policies that take into account the number of workers and independents contractors who work for the company to make certain the structural engineer is neither over insured or under insured.
Structural Engineer Professional Liability Insurance
You should never underestimate the importance of obtaining insurance from an independent structural engineers insurance company . One suit can take out a smaller firm, even if the structural engineer is found not liable in the end. For this reason, it’s essential to be sure you are covered. Some young structural engineers ignore this reality and decide to save money and not insure themselves Others opt to store the funds themselves and self insure, only to discover that the cost of litigation is significantly more than they anticipated. We can offer comprehensive liability insurance coverage at Fenner & Esler. The potential for settling claims or defending one’s self in court makes structural engineers Professional Liability complete requirement.
Structural Engineer Insurance
Many individuals find architects & engineers insurance on the web and find it is much more than they anticipate. In most cases, the O & E Insurance plans provided on the net are one size fits all plans that provide more protection than what is needed by small businesses. 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 to the needs of your company. This makes the premium for insurance far cheaper. Fenner Esler is the place to go because our plans are also scalable to satisfy the requirements of your jobs. If suddenly you discover you are taking on much larger jobs, it is simple to expand your E&O Insurance coverage. Something an independent structural engineers insurance company like Fenner Esler can provide you is the ability to take out insurance for a specific project. If you accept a single large project which will require more insurance, you can handle it without needing to upgrade your normal plan.
Insurance Company Structural Engineer
This process is no less important than including a partner to your firm or company. An often-overlooked advantage of using an independent professional brokerage like Fenner Esler for structural engineers Omissions and Errors Insurance is the risk management advice that we can supply. For example, they offer guidance for young structural engineers about how you can spread the risk of big projects among the various experts. There are forces that will be beyond the structural engineers management, and an expert in structural engineers insurance will have the ability to help negotiate contracts to the structural engineer will assume minimal liability.
Structural Engineers Insurance Brokerage
With over thirty years of expertise as an independent structural engineer E&O insurance company our specialists don’t just design customized insurance policies to meet the requirements of our clients, but we also provide comprehensive risk management services. We’re constantly evaluating proposals and contracts to make sure that none of our customers are taking a risk with the amount of liability they might take on for any given project. We like keeping our customers up to date on the very best risk management developments available. We take pride within the individual attention that we provide to all of our clients, something that sets us apart from on-line structural PL insurance brokers for engineers that just call you when they’re looking for money or a contract renewal.