At Fenner & Esler, we supply alternatives for surveyor insurance in addition to our large selection of choices when it comes to engineers and architects insurance. Any firm, no matter their size, who performs Illinois land surveys must have the security of surveyor insurance, that is able to be adjusted for the both the size of the firm and its needs. Frequently, many firms to make the mistake of opting for a generic type of E&O insurance for surveyors, and often they fail to realize the error until it’s too late. The sad reality is that in the vast majority of circumstances, such policies fail to cover the full extent of legal and court expenses that will be needed, or you are stuck paying for a policy that is above and beyond the requirements of your 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, surveyor professional liability insurance coverage will provide protection. The surveyor’s legal defense will be covered completely which is absolutely crucial, because court fees can be detrimental even if the firm is found free of any liability. Take this example. A plaintiff pursued a lawsuit against a land surveyor in 2000, taking it as far as the Illinois Supreme Court. Despite the fact that the judicial system did not find the land surveyor at fault, the cost of this defense was great.
Liability Insurance Surveyors
Since surveyor insurance usually works on a claims-made basis, surveyor firms need to make sure their surveyors insurance coverage does not lapse in order to be sure they are protected 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 should be in force for as long as the statute of limitations allows lawsuits. Additionally take into consideration that contrary to bigger surveyor liability insurance companies, Fenner and Esler will go over strategies for risk management for your practice.
Fenner & Esler is an independent brokerage providing quality services when it comes to:
Environmental Consultant Insurance
Surveyors Errors and Omissions Insurance Broker
Discovering an independent brokerage with experienced agents is without a doubt to your greatest advantage. If you want a customized policy for PL insurance coverage for surveyors, you need to find a brokerage with experience in your field and willing to find you the best possible option. If you’re searching for a quality errors and omissions insurance coverage company for surveyors that offers a wide variety of top-rated insurance product, look no further than Fenner and Esler Insurance. We have over 30 years of experience in providing surveyor errors and omissions insurance in Illinois. If you would like to learn more regarding how we can meet your needs, call Fenner and Esler at (201) 262-1200.