It is absolutely essential for any surveyors firm to find surveyor insurance that is able to be customized to fit the requirements and size of the firm. Many survey firms opt to get only a generic choice in terms of surveyor liability insurance coverage, which may provide either coverage beyond the needs of the firm or insufficient coverage that leaves 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 court and legal fees you may incur, or you could be forced into paying for coverages that you will never be able to benefit from. Either way, money is lost by your firm as a result of not being able to find professional liability insurance for surveyors that suits your individual firm best.
In the event of a lawsuit being filed against the firm for alleged negligence or mistakes, surveyors PL insurance will provide protection. The surveyor’s legal defense will be covered completely which is absolutely essential, as even if the court finds the firm free from liability, the costs incurred by a legal defense are known to run into the tens of thousands of dollars. One example is a 2000 lawsuit that was pursued against a land surveyor which went as far as the Georgia Supreme Court. The legal fees were quite substantial, even though when all was said and done, the court decided that the land surveyor was not at fault.
Surveyors Professional Liability Insurance Coverage
It’s also crucial to locate a firm that is dependable and is going to still be around when it comes time for you to seek the protection of your E & O for surveyors. This is owing to the fact that liability insurance coverage for surveyors works on a claims-made basis, and in case of your coverage lapsing you’ll discover that you’re unprotected. Since the statute of limitations can be several years, the policy enforced at the time of a job should be in force for as long as the statute of limitations allows lawsuits. Fenner and Esler is going to also go over risk management strategies for your practice, a service which you’re not likely to find from bigger surveyors errors & omissions insurance coverage brokerages.
We at Fenner & Esler take pride in being an independent insurance brokerage, providing services of the highest quality in regards to types of insurance like:
Environmental Consultants Insurance
Insurance Brokerage Surveyor
Discovering an independent brokerage with experienced agents is definitely to your greatest advantage. If you want a customized policy for errors & omissions insurance coverage for surveyors, you want a brokerage possessing experience in your field and willing to get you the best possible option. Fenner and Esler Insurance is an independent E & O insurance coverage broker for surveyors that offers a wide range of top-rated insurance product. We have over thirty years of experience in providing E&O coverage for surveyors in Georgia. To learn more regarding what we can do, call Fenner and Esler at (201) 262-1200.