It is absolutely essential for any surveyors firm to find surveyor insurance which is able to be customized to meet the requirements and size of the firm. Frequently, many firms to make the mistake of opting for a generic type of liability 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 a widely accepted fact that these sorts of policies typically neglect to cover the extent of court and legal fees you may require, or you may be stuck paying for coverages that you will never be in a position to benefit from. 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 liability insurance will provide protection. Additionally, a surveyor professional liability completely covers the surveyor’s legal defense, since 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 Nevada. The legal costs were quite considerable, even though at the end of the day, the court found the land surveyor not to be liable.
PL Insurance Coverage Surveyor
It’s also essential to find a firm that is dependable and is going to still be there when it comes time for you to seek the protection of your surveyors insurance. This is because surveyor E&O insurance works on a claims-made basis, and if your coverage lapses you will find yourself unprotected. The statute of limitations for liability can be several years, so the policy you are covered under at the time of the work provided needs to still be in effect at least as long as the statute of limitations allows for a lawsuit to be made. Fenner and Esler will additionally review strategies for risk management for your practice, a service which you’re not going to find from larger surveyor liability insurance brokerages.
Fenner & Esler is an independent brokerage supplying quality services when it comes to:
Environmental Consultant Insurance
Surveyors Professional Liability Insurance company
Discovering an independent brokerage with experienced agents is without a doubt in your best interest. If you want a customized policy for surveyor E&O coverage, you need to find a brokerage that has experience in your area and willing to set you up with the best possible option. If you are looking for a quality surveyors insurance coverage broker that offers a wide variety of top-rated insurance product, look no further than Fenner and Esler Insurance. We have been offering quality insurance coverage for surveyors in Nevada for over 30 years. To find out additional information regarding how we can meet your needs, contact us at (201) 262-1200.