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Which business insurance policies does a land surveyor need?
These policies provide coverage for common risks faced by land surveyors.
General liability insurance
This policy covers basic land surveyor risks, including damaged client property and injuries. Bundle with property insurance for savings in a business owner’s policy.
BEST FOR
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Slip-and-fall accidents
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Damaged customer property
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Libel or slander lawsuits
Business owner’s policy
A BOP bundles property insurance and general liability insurance under one plan. It's often the most cost-effective type of commercial insurance for a land surveyor.
BEST FOR
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Customer injuries
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Damaged customer property
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Damaged business property
Professional liability insurance
Professional liability insurance is also called errors and omissions insurance. It can cover legal fees when a client sues a land surveyor over an error or unsatisfactory performance.
BEST FOR
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Mistakes in a boundary line
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Accusations of negligence
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Erroneous measurements
Workers’ compensation insurance
Workers’ compensation insurance is required in almost every state for land surveying businesses that have employees. It can cover medical bills for work-related injuries.
BEST FOR
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Employee medical expenses
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Missed wages
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Legal costs
How much does insurance cost for land surveyors?
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Several factors will have an impact on insurance costs, including:
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Surveying services offered (elevation, route, site plan, etc.)
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Business equipment and property
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Revenue/p>
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Location
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Number of employees
Why do land surveyors need insurance?
If a client trips over your surveying equipment and breaks a wrist, or you make a mistake while staking a property line that costs thousands of dollars to remedy, you could be sued. Land surveyor insurance can pay for legal expenses, including the cost of hiring a lawyer. It can also cover medical bills from customer accidents and employee injuries.
