It’s crucial for any surveyors firm to find surveyor insurance which is able to be customized to suit the requirements and size of the firm. It is common for a lot of firms to make the mistake of opting for a generic type of PL insurance coverage for surveyors, and frequently they don’t become aware of their mistake until it’s too late. The unfortunate truth is that in most circumstances, these types of policies won’t cover the full extent of court and legal expenses that are going to be required, or you are forced into paying for a policy that is far beyond what your firm will require. Either way, money is lost by your firm as a result of being unable to find PL insurance coverage for surveyors that suits your individual firm best.
The advantage to PL insurance coverage for surveyors is that provides coverage for the surveyor in the case there is a lawsuit filed against the firm for allegations related to allegations of negligence or mistakes made during the survey. In addition, 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 are known to run into the tens of thousands of dollars. One example is a 2000 lawsuit that was pursued against a land surveyor which went all the way to the supreme court of Pennsylvania. Even though the judicial system didn’t find the land surveyor at fault, the cost of this defense was substantial.
Surveyor E&O Coverage
It’s also vital to locate a firm that is dependable and is going to still be there whenever it comes time for you to seek the protection of your surveyor liability insurance coverage. This is owing to the fact that surveyors errors & omissions insurance works on a claims-made basis, and if your coverage lapses you’ll discover that you’re unprotected. 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. Also consider that contrary to bigger surveyors E & O brokerages, Fenner and Esler will review strategies for risk management for your practice.
Fenner & Esler is an independent broker providing quality services in regards to:
Environmental Consultants Insurance
Insurance Coverage Company surveyors
Discovering an independent brokerage with experienced agents is without a doubt in your best interest. If you’re looking for a customized policy for surveyor PL insurance, you need to find a brokerage that has experience in your field and willing to set you up with the best possible option. Fenner and Esler Insurance is an independent surveyor liability insurance company that carries a wide variety of top-rated insurance product. We have been offering quality surveyor professional liability insurance coverage in Pennsylvania for more than three decades. To find out additional information regarding what we can do, contact Fenner and Esler at (201) 262-1200.