When it comes to insurance for design professionals, Fenner & Esler is a top choice as an experienced architect & engineers insurance company. Regardless of the size of a firm, all structural engineers in Minnesota need to have Professional Liability Insurance, or errors and omissions insurance for structural engineers. Quality structural engineer insurance provides professional financial protection to cover any claim of neglect or breach of contract which may arise. Fenner Esler is your top choice when you’re looking for a professional liability insurance broker. We’re experts in dealing with the insurance needs of design professionals, including structural engineers and engineers. This is the reason we’re the only choice you’re going to require for engineers insurance.
Any structural engineer who chooses to take on a job without structural engineers insurance generally discovers suddenly that they’re not eligible to make a move for any high dollar contracts. Most state and federal contracts need structural engineers to have structural engineers insurance to even bid on a contract. Some engineers prefer to depend completely on a project policy since this may assist with attaining smaller contracts. The only negative is the fact that the expenses on some of these policies can get astronomically high. Worst-case scenario is that a claim is brought forth, which causes the structural engineer to pay at least $250,000 of their own hard-earned cash before the policy starts to cover any litigation-related expense. A small firm could go bankrupt attempting to meet that deductible and an independent structural engineer could be ruined. The team of experts employed by Fenner and Esler can ensure the structural engineers insurance our clients pick has low rates to satisfy any budget, ensuring the operating success of the company.
Thinking you’re above the need for architect & engineer insurance is a mistake you should never make. The possibility of a lawsuit alleging that an error or omission in a project that they have designed results in property damage or physical injury is a reality for even the most skilled structural engineer. Typically such litigation occurs years after a project has been finished. Even if the accusations of negligence end up being proved false, the cost of litigation may be substantial. For structural engineers working alone as well as engineering companies, structural professional liability insurance for engineers is essential to protect against the terrible legal expenses that come with E & O litigation. Figure out the right course of action by reviewing the suit’s merits.
Engineers Insurance Company
There’s a large number of reasons to select Fenner & Esler when you’re in need an architect & engineers insurance brokerage. Here are several examples:
- 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 architect & engineers insurance coverage by getting in touch with us today.
Structural Engineer Insurance Brokerage
We offer other services in addition to professional liability architect & engineers insurance coverage as well. Possessing structural engineers employment practice liability insurance is important for any firm. Conflicts can happen in virtually any workplace. Even the closest-knit structural engineer companies can be susceptible to them. Such scenarios need to be promptly addressed since these disagreements often have a harmful effect on staff morale, and even though many are resolved pretty easily, it is not difficult for all these situations to get out of control. Settlements with disgruntled employees on average have risen every year, and these lawsuits can devastate a structural engineers company if structural engineer employment practice insurance isn’t in effect. Our team of risk management specialists at Fenner and Esler creates structural engineer employment practice insurance policies which take into consideration the number of workers and independents contractors who work for the company to ensure the structural engineer is neither over insured or under insured.
Structural Engineers Professional Liability Insurance Coverage
You should never underestimate the importance of obtaining insurance from an independent structural engineer insurance brokerage . While some engineers choose to go without this protection under the false premise that the project owner’s insurance will provide protection in case of a claim, some find, frequently when a claim is made years later, that they aren’t protected. The others decide to store the money themselves and self insure, only to discover that the cost of litigation is significantly greater than they anticipated. We can offer comprehensive liability insurance coverage at Fenner & Esler. The possibility for settling claims or defending one’s self in court makes Errors And Omissions Insurance Coverage for structural engineers absolute necessity.
Structural Engineer Insurance
Many start design professionals find that they choose out of insuring since the estimates they often see for architect & engineers insurance are so high. Generally, the O and E Insurance plans offered on the Internet are one size fits all policies offering more coverage than what is desired by small firms. This is where Fenner Esler comes in. We can tailor for you a customized structural engineers policy from several A-rated carriers that is fitted to the requirements of your company. The outcome is structural engineer professional liability insurance that is much cheaper. Fenner Esler is the place to go because our policies are also scalable to satisfy the requirements of your projects. If suddenly you find you are accepting much larger jobs, it’s easy to expand your E & O Insurance coverage. Something an independent structural E&O insurance brokerage for engineers like Fenner Esler can provide you is the capability to obtain insurance for a special project. If you accept a single huge project that may need more insurance, you can manage it without the need to update your regular plan.
Insurance Broker Structural Engineers
When searching for a architects & engineers insurance company, it is useful to think about the process as comparable to including someone into your firm. As independent professional liability insurance brokerage specializing in Omissions and Errors Insurance For structural engineers, Fenner Esler can also provide an edge with risk management guidance. Lots of structural engineers want assistance with issues like spreading out the risk of huge tasks to minimize the opportunity of lawsuits, errors or omissions. When there are delays in a task beyond the structural engineer’s management, the structural engineers E & O Insurance expert may also help with negotiating contract terms to keep them from assuming liability.
Engineer Professional Liability Insurance Brokerage
Fenner and Esler has been a quality independent structural engineers insurance company for more than three decades. Our specialists in structural engineer insurance ensure that all of your requirements are met and that you are totally conscious of all hazards related to the job with our risk management services. We’re always 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 given job. We endeavor to keep our clients current regarding the latest innovations and best advice in the field of risk management. The individual attention we provide to our clients is what sets us apart from an on-line structural engineers insurance that only makes contact when a premium is due or it’s time to renew your coverage.