At Fenner & Esler, in addition to supplying first class architect and engineers insurance, we supply alternatives for surveyors insurance. Regardless of size, any firm that performs land surveys in Pennsylvania needs to have the safety of surveyors insurance, which can be customized according to both the size and requirements of their firm. Many survey firms opt to get only a one size fits all choice when it comes to surveyors insurance coverage, which may provide either coverage beyond the firm’s needs or insufficient coverage that leaves the firm vulnerable to the financial damages associated with claims or litigation. The unfortunate truth is that in most cases, such policies don’t cover the full extent of court and legal expenses that are going to be needed, or you’re stuck paying for a policy that’s above and beyond what your firm will require. 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, professional liability insurance coverage for surveyors will offer protection. The surveyor’s legal defense will be covered completely which is absolutely vital, 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. For example, a plaintiff pursued a lawsuit against a land surveyor in 2000, taking it as far as the Supreme Court of Pennsylvania. The legal costs were quite considerable, despite the fact that in the end, the court found the land surveyor not at fault.
Liability Insurance Coverage Surveyors
It is also essential to locate a firm that is reliable and will still be there whenever the time comes for you to seek the protection of your E & O insurance coverage for surveyors. This is because E & O for surveyors works on a claims-made basis, and in case of your coverage lapsing you’ll 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 as long as the statute of limitations permits lawsuits. Fenner and Esler is going to additionally go over risk management strategies for your practice, a service which you’re not likely to find from larger PL companies for surveyors.
We at Fenner & Esler take pride in being an independent insurance broker, providing services of the highest quality in regards to types of insurance like:
Environmental Consultants Insurance
Professional Liability Insurance Brokerage Surveyor
When looking for the best E&O for surveyors that is customized for the needs and size of your firm, it’s important for you to find an independent brokerage with agents possessing years of experience customizing errors & omissions insurance coverage for surveyors in Pennsylvania. Fenner and Esler Insurance is an independent surveyors insurance brokerage that offers a broad range of top-rated insurance product. We’ve got over 30 years of experience in providing surveyors insurance in Pennsylvania. To find out more about what we can do, contact us at (201) 262-1200.