At Fenner & Esler, we provide options for surveyors insurance in addition to our large variety of choices when it comes to architect and engineers insurance. Any firm, no matter their size, which performs Texas land surveys must have the protection of surveyors insurance, that is able to be tailored for the 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 surveyor PL insurance, which may provide either coverage beyond the firm’s requirements or insufficient coverage that leaves the firm open to the financial damages associated with claims or litigation. The sad reality is that in most cases, such policies will not cover the full extent of legal and court fees that are going to be needed, or you’re forced into paying for a policy that is above and beyond what your firm will require. In either circumstance, the firm stands to lose a significant amount of money.
The advantage to insurance coverage for surveyors is that provides coverage for the surveyor in the case there is a lawsuit 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, as even if the court finds the firm free from liability, the cost of a legal defense usually run into the tens of thousands of dollars. One example is a 2000 lawsuit that was pursued against a land surveyor which went all the way to the Texas Supreme Court. Even though the judicial system did not find the land surveyor at fault, the defense’s cost was great.
E&O Insurance Coverage Surveyors
Since surveyors insurance usually works on a claims-made basis, surveyor firms have to be sure their liability insurance coverage for surveyors doesn’t lapse in order to ensure they’re covered in case of a lawsuit. 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 allows lawsuits. Additionally take into consideration that unlike larger surveyor insurance coverage brokerages, Fenner and Esler will review strategies for risk management for your practice.
We at Fenner & Esler take pride in being an independent insurance broker, providing services of the highest quality in regards to types of insurance such as:
Environmental Consultant Insurance
Insurance Company Surveyor
When shopping for the best E&O for surveyors which is customized for the size and needs of your firm, you need to find an independent brokerage with agents that have years of experience customizing professional liability insurance for surveyors in Texas. Fenner and Esler Insurance is an independent surveyors E&O insurance coverage company that offers a wide variety of highly rated insurance product. We have more than three decades of experience in providing surveyor E&O insurance in Texas. To find out additional information about how we can meet your needs, contact Fenner and Esler at (201) 262-1200.