It’s crucial for any surveyors firm to find surveyor insurance which is able to be customized to fit the size and requirements of the firm. A great deal of survey firms opt to get merely a generic choice when it comes to insurance for surveyors, which may provide either coverage beyond the firm’s needs or coverage that’s insufficient, leaving the firm vulnerable to the financial damages that come with claims or litigation. The unfortunate truth is that in most cases, these kinds of policies fail to cover the full extent of court and legal costs that are going to be required, or you’re forced into paying for a policy that’s far beyond what your firm will require. Either way, money is lost by your firm as a result of not being able to find surveyor errors & omissions insurance that suits your individual firm best.
The advantage to surveyor liability insurance is that provides coverage for the surveyor in the event a lawsuit is filed against the firm for allegations related to allegations of negligence or mistakes made during the survey. Additionally, a surveyor professional liability will provide coverage for the surveyor’s legal defense, as 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. One example is a 2000 lawsuit that was pursued against a land surveyor that went all the way to the Florida Supreme Court. Even though the judicial system did not find the land surveyor at fault, the cost of this defense was substantial.
Surveyor E & Coverage
Since surveyors insurance usually works on a claims-made basis, surveyor firms need to be certain their errors and omissions coverage for surveyors doesn’t lapse in order to ensure they are covered in case 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 permits a lawsuit to be made. Fenner and Esler is going to also go over risk management strategies for your practice, a service that you’re not going to obtain from bigger surveyor insurance coverage brokers.
Fenner & Esler is an independent broker providing quality services when it comes to:
Environmental Consultants Insurance
Professional Liability Brokerage Surveyor
Finding an independent brokerage with experienced agents is without a doubt in your best interest. If you’re in the market for a customized policy for surveyors errors and omissions insurance coverage, you need to find a brokerage possessing experience in your area and willing to find you the best possible option. If you are looking for a quality insurance company for surveyors that offers a wide range of top-rated insurance product, look no further than Fenner and Esler Insurance. We’ve got more than three decades of experience in providing insurance for surveyors in Florida. To learn more about what we can do, call Fenner and Esler at (201) 262-1200.