It is absolutely essential for any surveyors firm to obtain surveyor insurance that can be customized to fit the size and requirements of the firm. A great deal of survey firms opt to get only a one size fits all choice in terms of surveyors insurance, which may provide either coverage beyond the needs of the firm or coverage that’s insufficient, leaving the firm vulnerable to the financial damages associated with claims or litigation. It is known that such policies typically fail to cover the extent of legal and court fees you might incur, or you may be stuck paying for coverages that you will never be in a position to benefit from. 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, E & O coverage for surveyors will offer protection. The surveyor’s legal defense will be completely covered which is absolutely crucial, as court fees can be catastrophic even if the firm is found free of any liability. One example is a 2000 lawsuit that was pursued against a land surveyor which went all the way to the Colorado Supreme Court. Despite the fact that the judicial system didn’t find the land surveyor at fault, the defense’s cost was great.
Surveyors Professional Liability Insurance Coverage
It’s also vital to find a firm that is dependable and will still be there when the time comes for you to seek the protection of your surveyor insurance. This is owing to the fact that surveyor E&O insurance coverage works on a claims-made basis, and in case of your coverage lapsing you will discover that you’re unprotected. 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 is going to additionally review risk management strategies for your practice, a service that you’re not likely to find from larger surveyors professional liability insurance brokerages.
We at Fenner & Esler take pride in being an independent insurance broker, providing services of the highest quality when it comes to types of insurance like:
Environmental Consultants Insurance
Surveyor Insurance Brokerage
If you’re looking for the best surveyors E&O insurance that’s customized for the needs and size of your firm, you need to find an independent brokerage with agents possessing years of experience customizing PL insurance for surveyors in Colorado. If you are looking for a quality surveyors professional liability broker that offers a broad range of top-rated insurance product, look no further than Fenner and Esler Insurance. We have been offering quality E & O insurance for surveyors in Colorado for over thirty years. If you would like to find out additional information regarding what we can do, contact Fenner and Esler at (201) 262-1200.