At Fenner & Esler, in addition to providing first class architect and engineers insurance, we supply options for surveyor insurance. Any firm, no matter their size, who performs Washington D.C. land surveys must have the coverage of surveyor insurance, which can be customized according to both the size and requirements of the firm. Often, many firms to make the mistake of selecting a generic type of surveyors E&O insurance coverage, and often they fail to become aware of their mistake until they find themselves in a situation where coverage is needed and not there. It is known that such policies frequently fail to cover the extent of legal and court fees you might incur, or you could be tricked into paying for insurance that is far above and beyond what is required for your individual firm. In either circumstance, the firm stands to lose a significant amount of money.
In the event of a lawsuit being filed against the firm for alleged negligence or mistakes, surveyors insurance will offer protection. In addition, a surveyor professional liability will provide coverage for the surveyor’s legal defense, because court fees can be catastrophic even if the firm is not found to be liable. One example is a 2000 lawsuit that was pursued against a land surveyor that went as far as the Washington D.C. Supreme Court. The legal fees were quite substantial, even though in the end, the court decided that the land surveyor was not to be liable.
Liability Insurance Coverage Surveyor
Most surveyors insurance works on a claims-made basis, which means surveyor firms need to be sure their surveyors E&O doesn’t lapse in order to be certain they’re covered in the event of a lawsuit. The statute of limitations for liability can be several years, so the policy enforced at the time of a job needs to be in force for the amount of time the statute of limitations permits lawsuits. Fenner and Esler will additionally review strategies for risk management for your practice, a service that you’re not likely to obtain from bigger surveyors errors and omissions insurance companies.
We at Fenner & Esler take pride in being an independent insurance broker, supplying services of the highest quality when it comes to types of insurance like:
Environmental Consultant Insurance
PL Broker Surveyor
Discovering an independent brokerage with experienced agents is without a doubt in your best interest. If you’re in the market for a customized policy for surveyor professional liability insurance coverage, you need to find a brokerage with experience in your area and willing to set you up with the best possible option. Fenner and Esler Insurance is an independent surveyor E&O insurance coverage company that carries a wide range of highly rated insurance product. We have over three decades of experience in providing professional liability insurance for surveyors in Washington D.C.. If you would like to find out more regarding what we can do, contact Fenner and Esler at (201) 262-1200.