At Fenner & Esler, we supply alternatives for surveyors insurance in addition to our wide range of alternatives when it comes to architects & engineers insurance. Regardless of size, any firm which performs Iowa land surveys needs to have the security of insurance for surveyors, that has been adjusted for the both the size and needs of their firm. A great deal of survey firms opt to get merely a generic choice when it comes to surveyor professional liability insurance coverage, which may provide either coverage beyond the requirements of the firm or insufficient coverage that leaves the firm at risk to the financial costs associated with claims or litigation. It is a widely accepted fact that these sorts of policies typically fail to cover the extent of court and legal fees you might require, or you may be stuck paying for a policy that is far above and beyond what your firm requires. In either circumstance, the firm stands to lose a significant amount of money.
The advantage to insurance for surveyors is that covers 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. The surveyor’s legal defense will be covered completely which is absolutely essential, because court fees can be catastrophic even if the firm is not found to be liable. For example, a plaintiff pursued a lawsuit against a land surveyor in 2000, all the way to the Iowa Supreme Court. The costs of the legal defense were quite substantial, despite the fact that in the end, the court found the land surveyor not at fault.
Insurance Coverage Surveyor
Since surveyor insurance usually works on a claims-made basis, surveyor firms have to make certain their E&O insurance coverage for surveyors does not lapse in order to be sure they are covered in case of a lawsuit. The statute of limitations for liability can be several years, so the policy you’re protected 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 is going to also review risk management strategies for your practice, a service that you aren’t likely to find from bigger errors & omissions insurance companies for surveyors.
We at Fenner & Esler take pride in being an independent insurance brokerage, providing services of the highest quality when it comes to types of insurance such as:
Environmental Consultants Insurance
Surveyors Errors and Omissions Insurance Coverage Company
Discovering an independent brokerage with experienced agents is without a doubt in your best interest. If you’re looking for a customized policy for errors and omissions insurance for surveyors, you need to find a brokerage with experience in your field and willing to get you the best possible option. If you’re searching for a quality surveyors PL insurance brokerage that offers a broad range of top-rated insurance product, look no further than Fenner and Esler Insurance. We’ve been offering quality E & O insurance coverage for surveyors in Iowa for more than three decades. To find out additional information about what we can do, call us at (201) 262-1200.