At Fenner & Esler, we offer options for surveyor insurance in addition to our large variety of options for engineer and architects insurance. Regardless of size, any firm which performs land surveys in Rhode Island needs to obtain the protection of insurance for surveyors, that has been tailored according to both the requirements and size of the firm. It’s common for a lot of firms to make the mistake of choosing a generic type of liability insurance coverage for surveyors, and frequently they fail to realize their mistake until they find themselves in a situation where coverage is needed and not there. The unfortunate truth is that in most circumstances, these kinds of policies won’t cover the full amount of legal and court fees that are going to be required, or you are forced into paying for a policy that’s above and beyond what your firm will require. Either way, your firm loses money as a result of not being able to find PL insurance coverage for surveyors that works best for you specifically.
In the event of a lawsuit being filed against the firm for alleged negligence or mistakes, E&O coverage for surveyors will offer protection. Additionally, surveyor’s PLI will provide coverage for the surveyor’s legal defense, because even if the court finds the firm to be not liable, the cost of a legal defense frequently run into the tens of thousands of dollars. Take this example. A plaintiff pursued a lawsuit against a land surveyor in 2000, taking it as far as the Rhode Island Supreme Court. Despite the fact that the judicial system did not find the land surveyor at fault, the defense’s cost was substantial.
Surveyor E & Coverage
Most surveyors insurance works on a claims-made basis, which means surveyor firms have to be certain their E&O for surveyors does not lapse in order to be sure they are covered in case of a lawsuit. Since the statute of limitations can be several years, the policy enforced at the time of a job needs to be in force for the amount of time the statute of limitations allows lawsuits. Fenner and Esler will also go over risk management strategies for your practice, a service which you’re not likely to obtain from larger insurance coverage brokerages for surveyors.
Fenner & Esler is an independent brokerage supplying quality services when it comes to:
Environmental Consultant Insurance
Surveyor E&O Brokerage
Discovering an independent brokerage with experienced agents is without a doubt to your greatest benefit. If you’re shopping for a customized policy for PL insurance for surveyors, you need to find a brokerage with experience in your area and willing to set you up with the best possible option. Fenner and Esler Insurance is an independent surveyor E & O company that offers a broad range of top-rated insurance product. We have over 30 years of experience in providing surveyor PL insurance in Rhode Island. If you would like to find out additional information regarding how we can meet your needs, call Fenner and Esler at (201) 262-1200.