[144861] in North American Network Operators' Group
Re: insurance
daemon@ATHENA.MIT.EDU (Jack Morgan)
Tue Sep 20 11:14:21 2011
Date: Tue, 20 Sep 2011 08:15:13 -0700
From: Jack Morgan <jack@bonyari.com>
To: nanog@nanog.org
In-Reply-To: <d9561a14-bb8f-4d65-b0bc-2ae9fc8914ef@zimbra.network1.net>
Errors-To: nanog-bounces+nanog.discuss=bloom-picayune.mit.edu@nanog.org
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Randy,
On 09/20/2011 08:10 AM, Randy Carpenter wrote:
>=20
> ----- Original Message -----
>> On Tue, 20 Sep 2011 07:59:00 EDT, harbor235 said:
>>> Curious if anyone out there is acting as an independent contractor,
>>> consultant, or small business,
>>> if so do you use professional liability insurance?
>>
>> I don't consult myself, but is *anybody* crazy enough to do
>> consulting
>> in the litigation-crazy US without carrying errors-and-omissions
>> insurance?
>=20
> The reality is that with the mega-insurance companies able to set whate=
ver crazy premiums they feel like, and raise them every other month, the =
cost of being fully insured is sometimes more than what you can charge as=
a consultant.
This is just not true. Insurance companies are regulated by State
Insurance boards. If an insurance company wants to raise rates, they
have to submit a proposal to the their state insurance board. They can
only raise rates for a "class" of customers. For example, all customers
aged 50 - 62.
--=20
Jack Morgan
Pub 4096R/761D8E0A 2010-09-13 Jack Morgan <jack@bonayri.com>
Fingerprint =3D DD42 EA48 D701 D520 C2CD 55BE BF53 C69B 761D 8E0A
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