It is crucial for any surveyors firm to obtain surveyor insurance that is able to be customized to meet the size and requirements of the firm. It’s common for a lot of firms to make the mistake of selecting a generic type of surveyors liability insurance coverage, and frequently they fail to become aware of their mistake until it’s too late. The unfortunate truth is that in most circumstances, such policies fail to cover the full amount of court and legal expenses that will be required, or you are stuck paying for a policy that’s above and beyond the requirements of your firm. Either way, money is lost by your firm as a result of being unable to find surveyors errors and omissions insurance that suits your individual firm best.
The advantage to surveyors E & O insurance coverage is that provides coverage for the surveyor in the case a lawsuit is filed against the firm for allegations related to allegations of negligence or mistakes made during the survey. Additionally, a surveyor professional liability will provide coverage for the surveyor’s legal defense, because court fees can be devastating even if the firm is not found to be liable. Take this example. A plaintiff pursued a lawsuit against a land surveyor in 2000, all the way to the Supreme Court of Florida. The legal costs were very considerable, even though in the end, the court found the land surveyor not to be liable.
Surveyor Liability Insurance
Since surveyors insurance usually works on a claims-made basis, surveyor firms need to be certain their E & O for surveyors does not lapse in order to make sure they’re covered in case of a lawsuit. The statute of limitations for liability can be several years, so the policy you’re covered under at the time of the work provided should still be in effect at least as long as the statute of limitations allows for a lawsuit to be made. Fenner and Esler will also review risk management strategies for your practice, a service that you aren’t going to find from bigger errors and omissions insurance coverage companies for surveyors.
We at Fenner & Esler take pride in being an independent insurance brokerage, supplying services of the highest quality when it comes to types of insurance such as:
Environmental Consultant Insurance
Liability Insurance Company Surveyor
If you’re looking for the best surveyors E&O coverage that is customized for the size and needs of your firm, it’s important for you to find an independent brokerage with agents possessing years of experience customizing surveyor E & coverage in Florida. Fenner and Esler Insurance is an independent surveyors insurance brokerage that offers a wide range of top-rated insurance product. We’ve been providing quality E & O insurance coverage for surveyors in Florida for more than three decades. To learn more regarding how we can meet your needs, contact Fenner and Esler at (201) 262-1200.