At Fenner & Esler, we offer options for surveyors insurance in addition to our wide range of choices when it comes to architects & engineers insurance. Regardless of size, any firm that is responsible for land surveys in North Carolina needs to obtain the coverage of surveyors insurance, which can be tailored for the both the requirements and size of their firm. Often, many firms to make the mistake of choosing a generic type of surveyor insurance coverage, and often they don’t become aware of the error until they find themselves in a situation where coverage is needed and not there. It is a widely accepted fact that such policies typically fail to cover the extent of court and legal fees you might require, or you could 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 PL insurance will offer protection. The surveyor’s legal defense will be completely covered which is absolutely crucial, as court fees can be detrimental 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 North Carolina Supreme Court. The costs of the legal defense were quite substantial, despite the fact that at the end of the day, the court decided that the land surveyor was not at fault.
Since surveyors insurance usually works on a claims-made basis, surveyor firms have to make certain their PL insurance coverage for surveyors does not lapse in order to ensure they’re covered in the event of a lawsuit. Since the statute of limitations can be several years, the policy you’re covered 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 additionally review strategies for risk management for your practice, a service which you aren’t going to find from bigger surveyor errors & omissions insurance coverage brokerages.
Fenner & Esler is an independent broker providing quality services in regards to:
Environmental Consultants Insurance
Errors and Omissions Insurance Coverage Company surveyors
Discovering an independent brokerage with experienced agents is definitely to your greatest advantage. If you’re shopping for a customized policy for surveyors professional liability insurance, you want a brokerage with experience in your area and willing to find you the best possible option. Fenner and Esler Insurance is an independent PL company for surveyors that carries a broad range of top-rated insurance product. We’ve got more than 30 years of experience in providing surveyor errors and omissions insurance coverage in North Carolina. If you would like to learn additional information about how we can meet your needs, call Fenner and Esler at (201) 262-1200.