At Fenner & Esler, we provide alternatives for surveyor insurance in addition to our broad variety of choices when it comes to engineer and architect insurance. Regardless of size, any firm that performs Tennessee land surveys is required to obtain the security of insurance for surveyors, which can be adjusted according to both the requirements and size of the firm. It is common for a lot of firms to make the mistake of choosing a generic type of E & O coverage for surveyors, and frequently they don’t become aware of their mistake until it’s too late. It is a widely accepted fact that such policies frequently fail to cover the extent of court and legal fees you may incur, or you could be forced into paying for coverages that you will never be in a position to take advantage of. In either circumstance, the firm stands to lose a significant amount of money.
In the event of a lawsuit being filed for supposed mistakes or negligence against the firm, insurance coverage for surveyors will offer protection. The surveyor’s legal defense will be completely covered which is absolutely essential, as even if the court finds the firm free from liability, the costs incurred by 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 Supreme Court of Tennessee. Despite the fact that the judicial system didn’t find the land surveyor at fault, the cost of this defense was substantial.
Since surveyor insurance usually works on a claims-made basis, surveyor firms have to make sure their surveyor liability insurance coverage does not lapse in order to make sure they are protected 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 needs to still be in effect at least as long as the statute of limitations allows for a lawsuit to be made. Also take into account that unlike larger surveyor PL insurance brokers, Fenner and Esler will review 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
Insurance Company Surveyors
When shopping for the best errors and omissions insurance coverage for surveyors that’s customized for the size and needs of your firm, it’s important for you to find an independent brokerage with agents that have years of experience building customized surveyors insurance coverage in Tennessee. Fenner and Esler Insurance is an independent PL insurance company for surveyors that carries a wide range of top-rated insurance product. We have been offering quality surveyor E&O insurance coverage in Tennessee for more than three decades. To learn additional information regarding how we can meet your needs, contact Fenner and Esler at (201) 262-1200.