The dynamics of the quantum Fisher information of the parameters of the initial atomic state and atomic transition frequency is studied, in the framework of open quantum systems, for a static polarizable two-level atom coupled in the multipolar scheme to a bath of fluctuating vacuum electromagnetic fields without and with the presence of a reflecting boundary. Our results show that in the case without a boundary, the electromagnetic vacuum fluctuations always cause the quantum Fisher information of the initial parameters and thus the precision limit of parameter estimation to decrease. Remarkably, however, with the presence of a boundary, the quantum Fisher information becomes position and atomic polarization dependent, and as a result, it may be enhanced as compared to that in the case without a boundary and may even be shielded from the influence of the vacuum fluctuations in certain circumstances as if it were a closed system.