It is absolutely essential for any surveyors firm to obtain surveyors insurance that is able to be customized to meet the requirements and size of the firm. Frequently, many firms to make the mistake of choosing a generic type of surveyors liability insurance, and often they don’t realize their mistake until they find themselves in a situation where coverage is needed and not there. It is a widely accepted fact that such policies frequently neglect to cover the extent of legal and court fees you may incur, or you may be tricked into paying for coverages that you will never be able to take advantage of. Either way, your firm loses money as a result of being unable to find surveyor professional liability insurance that suits your individual firm best.
In the event of a lawsuit being filed against the firm for alleged negligence or mistakes, surveyors E & coverage will provide protection. The surveyor’s legal defense will be covered completely which is absolutely crucial, as court fees can be detrimental even if the firm is found free of any liability. For example, a plaintiff pursued a lawsuit against a land surveyor in 2000, taking it as far as the Supreme Court of Texas. Despite the fact that the judicial system did not find the land surveyor at fault, the defense’s cost was great.
Liability Insurance Surveyor
Most surveyors insurance works on a claims-made basis, which means surveyor firms have to be sure their surveyors professional liability insurance coverage does not lapse in order to ensure they’re protected in case of a lawsuit. The statute of limitations for liability can be several years, so the policy you are protected 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. Additionally take into account that contrary to larger surveyor insurance brokerages, Fenner and Esler will go over risk management strategies for your practice.
Fenner & Esler is an independent brokerage supplying quality services in regards to:
Environmental Consultant Insurance
E & O Insurance Company Surveyor
Finding an independent brokerage with experienced agents is without a doubt in your best interest. If you want a customized policy for insurance for surveyors, you need to find a brokerage possessing experience in your field and willing to set you up with the best possible option. If you’re searching for a quality surveyors insurance company that offers a wide variety of top-rated insurance product, look no further than Fenner and Esler Insurance. We have more than three decades of experience in providing surveyor insurance coverage in Texas. If you would like to find out more regarding what we can do, contact us at (201) 262-1200.