Georgia Surveyor Insurance Policy Information
Georgia Surveyor Insurance. Surveyors use the mathematical principles of geometry, trigonometry, and physics to measure and describe portions of land or sections of the earth to provide accurate data for determining property boundaries on maps or plans. Distances are measured by calculating the degree of various angles between measurement points.
Equipment traditionally includes a 66-ft. long surveyor's chain for measuring short distances and a surveyor's transit with a telescope and a level mounted on a tripod that can rotate vertically or horizontally. The transit is used for sighting longer distances and for determining vertical and horizontal angles.
Today, a tape measure has generally replaced the chain. Modern tools may include electronic distance measurement devices (EDM), global positioning systems (GPS), satellite imaging, 3D scanners, and many other types of equipment. Licensing requirements vary by state.
As a surveyor, you have an important job to do. The information that you relay to the land owner, government agency or anyone else that commissions your services can have a major impact on their decisions. That's one of the reasons that it is important to have the right insurance.
But you don't just want to cover the surveyor part of your job. You want insurance that covers your entire business and protects every aspect of it. The best way to do that is to customize the standard business insurance products for your own unique needs as a surveyor. Let's take a look at those Georgia surveyor insurance products now.
Georgia surveyor insurance protects your surveying business from lawsuits with rates as low as $37/mo. Get a fast quote and your certificate of insurance now.
Why Insurance Is Crucial For Surveyor
Without insurance, you will have to pay any expenses that you are liable for out of your own pocket, including legal fees, property damages, and personal injuries; but, with the right Georgia surveyor insurance coverage, you can avoid the financial repercussions that are associated with the risks that your GA surveying business faces.
What Type Of Insurance Should Surveyor Have?
here are two types of Georgia surveyor insurance that you should be concerned about when it comes to covering yourself.
Commercial General Liability - Almost every business out there has general liability insurance. General liability covers you in a variety of situations. The most common example of people used to demonstrate how general liability works is a slip and fall on your premises. However, there is a lot more.
General liability can cover you in the case of an employee slandering one of your biggest clients, paying for your attorney's fees in defending you in court; general liability can cover you if someone is injured while they are at a site you are surveying trips and falls over some of your equipment and injures themselves or if the site that you are surveying sustains property damage due to the work that you have done there then you might be covered under general liability as well.
It depends upon your particular policy and the circumstances, but these are all situations in which general liability insurance is intended to cover you.
There are lots of other situations in which general liability might cover you as well; you're going to need to talk your insurance broker or agent to find out exactly what those are in the surveying business.
Professional Liability - Professional liability insurance goes by many different names. In the medical profession, it goes by malpractice insurance; in other occupations it goes by errors and omissions insurance. But no matter what you call it, the purpose of professional liability insurance is to protect you from any damages that happen from the normal course of your job.
For example, if you have been hired to complete a land survey for a home near protected site, and your survey shows that a proposed build does not encroach upon a protected site but it is later found out that it does indeed encroach, then you are still protected with professional liability insurance as long as you gave them the best information and did your job the way that you are supposed to. Professional liability insurance to cover the cost of attorney's fees and even damages if you are found to be liable in court.
Whenever you conduct a survey and make a mistake, professional liability insurance is there to keep you going and make sure that your business stays afloat. There are a few other types of insurance you may want to consider as well however.
Other Types Of Commercial Insurance
One of your insurance options is commercial automobile insurance. If you use a particular vehicle for your work, then you want to be covered by commercial auto insurance because the coverage extends far beyond the general liability most people give up their personal vehicles. In addition, most insurance companies require commercial auto insurance if you're using your vehicle for business.
You will also need commercial property insurance in order to check your place of business from natural disasters, theft, vandalism and other mishaps. Property insurance is fairly inexpensive, but it is something that every business owner with a brick-and-mortar business needs.
In addition, anyone with salary or hourly employees needs to have workers compensation insurance. Workers compensation covers the medical bills of employees who are hurt on the job. More importantly, it protects you from being sued by those employees more injuries that they sustained while working for you. Workers comp is required by law in virtually every state in the US - so you definitely want to plan for this type of insurance.
GA Surveying Risks & Exposures
Premises liability exposure is very limited at the firm's office due to lack of public access. Any customer area must be neat and floor coverings maintained in excellent condition. To prevent slips, trips, or falls, all areas accessible to clients must be free of obstacles with floor coverings in good condition. The number of exits must be sufficient, and be well marked, with backup lighting in case of power failure. Parking lots and sidewalks need to be in good repair with snow and ice removed, and generally level and free of exposure to slips and falls.
The off-site exposures are extensive as surveyor must take their sightings from the most appropriate angle to get an accurate survey. To do so, they may have to set up their equipment in the middle of the street or on a premises not owned by the client. Hazards increase if there is no field guide that provides policies and procedures for dealing with all situations. When interfering with traffic, proper barriers and warning signs are needed in order to prevent accidents.
Professional liability exposure is high because a survey determines the boundaries for properties being purchased, subdivided, or sold. Engineers and architects rely on surveys in making design decisions. Any resulting claim will generally be related to property damage instead of bodily injury or personal injury. For example, if an error is made in road design and the survey was a contributing factor, there may be a claim against the survey firm.
The hazards increase if the firm fails to conduct thorough background checks to verify surveyor' training, background, education, certification, and licensing.
Workers compensation exposures can be high from site work. Surveyor may travel over rough terrain in rural or unpopulated areas, encounter animals, insects, or hostile vegetation, be hit by falling objects, or be injured in a motor vehicle or aviation accidents. Slips, trips, and falls are common. Surveyor may be injured trying to get to a location, set up equipment, and perform the necessary calculations. Non-clients may object to a surveyor being on their premises, resulting in threats or even assault.
Surveyor should check in frequently and have an emergency communication procedure in place. Surveyor who measure roads and other similar points are in danger of being struck by vehicles. Barriers should be in place when doing street work.
Property exposure is generally limited to that of an office, although there may be some incidental storage or an area for meetings. Hazards arise from the considerable storage of survey documentation, maps, diagrams, photos and similar records, although these are now often digitized instead of paper format.
Ignition sources include wiring, heating and air conditioning systems, wear, and overheating of equipment. Storage of paper documents, such as maps, diagrams, or photos, should be in fireproof cabinets. Fire suppression systems must not damage the papers. Theft exposures depend on the amount and type of computer and surveying equipment on hand.
Crime exposure is from employee dishonesty. Hazards increase without proper background checks and monitoring procedures. Ordering, billing, and disbursement should not be handled by the same individual. An annual audit should be conducted.
Inland marine exposure includes accounts receivable if the firm offers credit, computers, special floater, and valuable papers and records for contracts, survey reports, and clients' information. Surveyor' tools, many of which are electronic, should be kept in the office or in a locked vehicle when not in use at an off-site location. The customers' papers on file may be originals that are difficult to recreate.
A morale hazard may be indicated if the surveyor does not keep valuable papers and disks in fireproof file cabinets to protect them from smoke, water, and fire. Power failure and power surges are potentially severe hazards to data stored electronically. Duplicates should be kept off-site to allow for easy restoration in the event of a loss.
Business auto exposure is moderate as surveyor travel to job sites using light trucks or all terrain vehicles designed to transport the surveying team and their tools. If company vehicles are supplied for use, there should be written procedures in place regarding personal use by employees and their family members. All drivers must have appropriate licenses and acceptable MVRs. Vehicles must be maintained. and records kept in a central location.
To ensure your surveying business is properly protected, speak with an experienced broker that understands Georgia surveyor insurance.
Georgia Economic Data & Business Insurance Information
Have a great idea for a small business and want to setup shop in Georgia? If so, before you start pursuing a commercial property and hiring employees, you want to make sure that the Peach State will support your industry to ensure your success. It's also a wise idea to familiarize yourself with the rules and regulations that the state has in place for business owners, such as the regulations and limits that pertain to commercial insurance. Below, we offer invaluable information about business development in the state of Georgia so that you venture can be as successful as possible.
Business Economic Trends In The State Of Georgia
In the past few years, there has been a definite uptick in job growth in the state of Georgia; however, in recent months, it seems that growth has become stagnant. In fact, according to the Bureau of Labor Statistics, as of May 2022, the unemployment rate in Georgia was 3.8%; 0.2% higher than the national average during the same time, which was 3.6%.
Despite stagnation in job growth and the slightly higher unemployment rate compared to the national average, more people are employed in Georgia in 2022 than were just a few years ago; in fact, in recent years, job growth has been at an all-time high.
If you're thinking about starting a business in Georgia, you're in luck; according to recent research, the state is one of the most attractive among entrepreneurs in the nation. Atlanta was voted the seventh best city in the US to launch a venture. Low living costs, business-friendly laws, and a wealth of easy to access resources have all made the Peach State a prime location for those business-minded individuals.
There are several industries that offer the potential for great success in the state, including:
- Solar Energy
Commercial Insurance Regulations and Limits in GA
The Georgia Department of Insurance regulates insurance in Georgia. Like most states, Workers' compensation is also mandated in the state of Georgia; for business that employ three or more employees, you will need to carry this type of coverage.
If you use motor vehicles for business-related purposes, you'll also need to invest in commercial auto insurance coverage to protect your drivers, as well as other drivers on the road.
Additional Resources For Professional Services Insurance
Get informed about small business professional services insurance, including Professional liability, aka errors and omissions (E&O insurance), that protects your business against claims that a professional service you provided caused your client financial loss.
- Answering Service
- Armored Car
- Attorney Lawyer
- Background Music Services
- Business Consulting
- Chemical Engineers
- Civil Engineers
- Claims Adjuster
- Commercial Laundries
- Commodity Broker
- Corporate Wellness
- Court Reporter
- Credit Bureaus
- Debt Collection Agency
- Detective Agency
- Diaper Services
- Electrical Engineering
- Environmental Consultant
- Executive, Career & Life Coaching
- Executive Search Firm
- Expert Witness
- Financial Planner
- Financial Services
- Funeral Directors
- HR Consultant
- Inspection Bureaus
- Insurance Agents & Brokers Insurance
- Mediator - Arbitrator
- Medical Billing
- Music, Drama & Dance Therapy
- Office Machine Repair & Maintenance
- Piano Tuners
- Project Management
- Safety Consultants
- Speakers Bureaus
- Temporary Staffing
- Tax Preparer
- Title Abstractors
- Valet Parking
Let's face reality. People today are claims conscious, resulting in a significant share of malpractice lawsuits against professionals.
Liability resulting from the rendering of or the failure to render professional services is excluded in most liability coverage forms. This means that a policy covering a account's or lawyers' office will cover liability arising out of the maintenance or use of the premises, but specifically exclude liability arising out of the rendering of a professional service or the omission of such a service.
In addition to the professions in which actual physical or mental injury may be caused to clients, certain other professions are exposed to claims for malpractice.
Claims may be brought against lawyers, accountants, architects, and similar professional persons for errors or omissions in their professional capacity. Errors & Omissions insurance pays damages that might be awarded to a plaintiff alleging professional negligence.
Professional liability policies are made available to such risks, and these policies provide essentially the same protection as is afforded under the physicians, surgeons or dentists professional liability policy.
Minimum recommended small business insurance coverage: Business Personal Property, Employee Dishonesty, Accounts Receivable, Computers, Valuable Papers and Records, General Liability, Employee Benefits Liability, Professional Liability, Umbrella Liability, Hired and Non-owned Auto Liability & Workers Compensation.
Other commercial insurance policies to consider: Building, Business Income with Extra Expense, Earthquake, Equipment Breakdown, Flood, Computer Fraud, Forgery, Money and Securities, Special Floater, Cyber Liability, Employment-related Practices Liability, Business Auto Liability and Physical Damage and Stop Gap Liability.
Request a free Georgia Surveyor insurance quote in Acworth, Albany, Alpharetta, Americus, Athens, Atlanta, Augusta, Bainbridge, Belvedere Park, Brookhaven, Brunswick, Buford, Calhoun, Candler-McAfee, Canton, Carrollton, Cartersville, Chamblee, Clarkston, College Park, Columbus, Conyers, Cordele, Covington, Cusseta, Dallas, Dalton and Hinesville, Decatur, Douglas, Douglasville, Druid Hills, Dublin, Duluth, Dunwoody, East Point, Evans, Fairburn, Fayetteville, Forest Park, Gainesville, Georgetown, Griffin, Grovetown, Holly Springs, Johns Creek, Kennesaw, Kingsland, LaGrange, Lawrenceville, Lilburn, Lithia Springs, Loganville, Mableton, Macon-Bibb County, Marietta, Martinez, McDonough, Milledgeville, Milton, Monroe, Moultrie, Mountain Park CDP, Newnan, Norcross, North Decatur, North Druid Hills, Panthersville, Peachtree City, Peachtree Corners, Perry, Pooler, Powder Springs, Redan, Richmond Hill, Riverdale, Rome, Roswell, Sandy Springs, Savannah, Smyrna, Snellville, St. Marys, St. Simons, Statesboro, Stockbridge, Stonecrest, Sugar Hill, Suwanee, Thomasville, Tifton, Tucker, Union City, Valdosta, Villa Rica, Vinings, Warner Robins, Waycross, Wilmington Island, Winder, Woodstock and all other GA cities & Georgia counties near me in The Peach State.
Also find GA local small businesses by General Liability Class Code and learn about Georgia small business insurance requirements for general liability, business property, commercial auto & workers compensation including GA business insurance costs. Call us (470) 440-6263.