It’s very important for any surveyors firm to obtain surveyors insurance that is able to be customized to fit the size and requirements of the firm. Often, many firms to make the mistake of opting for a generic type of errors and omissions insurance coverage for surveyors, and often they don’t see their mistake until they find themselves in a situation where coverage is needed and not there. It is known that such policies typically fail to cover the extent of court and legal fees you may require, or you may be tricked into paying for a policy that is far above and beyond what is required for your individual firm. Either way, your firm loses money as a result of being unable to find surveyors E&O that suits your individual firm best.
In the event of a lawsuit being filed for supposed mistakes or negligence against the firm, surveyors E & O will provide protection. Also, a surveyor professional liability completely covers the surveyor’s legal defense, since even if the court finds the firm to be not liable, the cost of a legal defense usually run into the tens of thousands of dollars. Take this example. A plaintiff pursued a lawsuit against a land surveyor in 2000, all the way to the Arizona Supreme Court. The legal costs were quite significant, despite the fact that at the end of the day, the court found the land surveyor not at fault.
E&O Coverage Surveyor
It’s also crucial to locate a firm that is dependable and is going to still be there whenever the time comes for you to seek the protection of your surveyors insurance coverage. This is because PL insurance coverage 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 allows lawsuits. Additionally consider that unlike bigger surveyors insurance brokerages, Fenner and Esler will go over risk management strategies for your practice.
We at Fenner & Esler take pride in being an independent insurance brokerage, supplying services of the highest quality in regards to types of insurance such as:
Environmental Consultants Insurance
Surveyors Errors and Omissions Insurance Company
Finding an independent brokerage with experienced agents is without a doubt a smart decision. If you’re looking for a customized policy for professional liability insurance for surveyors, you need to find a brokerage with experience in your field and willing to set you up with the best possible option. Fenner and Esler Insurance is an independent surveyors insurance brokerage that carries a broad range of top-rated insurance product. We have over three decades of experience in providing surveyor PL insurance in Arizona. If you would like to find out more regarding what we can do, call Fenner and Esler at (201) 262-1200.