Randy, On 09/20/2011 08:10 AM, Randy Carpenter wrote: > > ----- 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? > > The reality is that with the mega-insurance companies able to set whatever > 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. -- Jack Morgan Pub 4096R/761D8E0A 2010-09-13 Jack Morgan <j...@bonayri.com> Fingerprint = DD42 EA48 D701 D520 C2CD 55BE BF53 C69B 761D 8E0A
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