Fenner & Esler is a leading choice when it comes to insurance from an independent architects & engineers insurance company. It is a given that any structural engineer in Virginia should not be without E and O Insurance For structural engineers, or errors and omissions insurance. Structural engineer insurance offers professional the financial protection they need in case of allegations of neglect or breach of contract. Fenner Esler is your top choice when you’re looking for a professional liability insurance company. We are specialists in dealing with the insurance needs of design professionals, including structural engineers and engineers. We’re the only choice you’re going to need for engineers insurance because of this.
Any structural engineer who decides to take on a job without structural engineers E&O insurance coverage typically discovers suddenly that they’re ineligible to make a move for any high value contracts. Having structural engineers insurance is usually a requirement in regards to bidding on the great majority of federal and state contracts. Other engineers opt to depend on a project policy, something that may help them gain smaller contracts, but these policies have extraordinarily high deductibles. Worst-case scenario is that a claim is brought forth, which causes the structural engineer to pay at least $250,000 of their own hard-earned cash before the policy begins to cover any lawsuit-related cost. A small company would go bankrupt attempting to meet that deductible and an independent structural engineer could be ruined. The team of specialists employed by Fenner and Esler will make sure that the structural engineer insurance our customers choose has low rates to suit any budget, ensuring the operating success of the company.
Thinking you’re above the requirement for engineers & architects insurance is a mistake you should never make. Even the most thorough structural engineers that follow all the regulations of the industry to the letter run the chance of a lawsuit claiming that an error or omission in a project they designed resulted in property damage or physical injury. Generally such legal action happens years after a project has been completed. The cost of litigation will be considerable even when the allegations of negligence are frivolous. For structural engineers working by themselves as well as engineering firms, structural engineers insurance has a value that cannot be underestimated. Structural engineer insurance serves to insure structural engineers against the costs of litigation, as well as from fees that come with legal settlement actions and issuing payment to the plaintiff if the court sides against the firm or structural engineer. If it so happens that a former client files a suit against the firm or structural engineer, the insurance company will provide legal representation to assist in determining the suit’s merits to determine a suitable way to deal with it.
Engineers Insurance Company
If you are looking for architects & engineers insurance broker, there are many reasons to select Fenner & Esler. Here are several examples:
- Decades of experience
- Personalized attention
- Flexible insurance plans
- Personalized risk management services
Discover first-hand why Fenner & Esler is such a highly rated choice for engineer & architect insurance coverage by getting in touch with us today.
Structural Engineers Insurance Company
We offer additional services to professional liability architect & engineers insurance coverage as well. Having employment practice liability insurance for structural engineers is important for any firm. Conflicts can come up out of the blue, no matter what the environment in your structural engineering firm could be like. These scenarios must be instantly addressed because such disagreements frequently have a harmful influence on staff morale, and even though many are resolved fairly easily, it is not hard for all these events to get out of control. Settlements with disgruntled employees on average have risen annually, and these lawsuits can devastate a structural engineers company if employment practice insurance for structural engineers isn’t in place. At Fenner and Esler our specialists craft a EPLI for structural engineers policy that takes into account every facet of your practice to ensure no structural engineers are ever over or under insured.
Structural Engineer Liability Insurance Coverage
The importance of having insurance from a qualified structural engineer insurance brokerage shouldn’t ever be underestimated. While some engineers elect to go without this coverage under the false supposition that the project owner’s insurance will give you protection in the event of a claim, some find, frequently when a claim is made years after, that they are not protected. Others opt to store the funds themselves and self insure, only to find that the expense of litigation is substantially greater than they anticipated. We can offer comprehensive liability insurance coverage at Fenner & Esler. The necessity for structural engineers E&O Insurance becomes obvious when one considers all these aspects.
Structural Engineer Insurance
When asked why they opt out of engineer & architect insurance company many professionals cite the expense of the guidelines that they’ve found online. This is because bigger businesses can not provide you personal customization, and you wind up spending more for options that you will never require. Regardless of your company’s size, at Fenner Esler we can help you to find a plan where you will have all of the coverage you could require without spending additional funds that you do not desire to. This makes the premium for the insurance far less expensive. Fenner Esler is the place to go because our policies are also scalable to satisfy the requirements of your jobs. If suddenly you find you are taking on bigger jobs, it’s easy to expand your O and E Insurance coverage. Something an independent structural liability insurance company for engineers like Fenner Esler will offer you is the ability to obtain insurance for a particular project. If you take on a single large project that may need more insurance, you can handle it without needing to upgrade your regular coverage.
Insurance Company Structural Engineers
You must always treat selecting an architect & engineers insurance company precisely the same as though you were appointing a new team member for the firm. An often-overlooked advantage of making use of an independent professional brokerage like Fenner Esler for structural engineers E & O Insurance is the risk management advice that we can provide. Many structural engineers need assistance with things like spreading out the risk of large projects to reduce the chance of lawsuits, errors or omissions. There are forces that will be beyond the structural engineers management, and a specialist in structural engineer insurance will have the ability to help negotiate contracts to the structural engineer will assume minimal liability.
Structural Engineers Insurance Company
Fenner and Esler has been a quality independent structural engineers insurance company for more than 30 years. Our specialists in structural engineers liability insurance coverage make certain that all your needs are met and that you’re fully aware of all risks associated with the project with our risk management services. For instance, we look over contracts and proposals to make certain that our clients aren’t taking on a disproportional amount of liability for a project. We like keeping our customers well-informed on the very best risk management developments available. Every customer is treated with our full attention regardless of how big or small they might be. We believe our personal touch really sets us apart from on-line structural errors & omissions insurance coverage companies for engineers that just really appear if they want your money.