> >> 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. > > > > This is generally NOT true for E&O and Professional liability > insurance. > > For the most part, that goes largely unregulated. The state insurance > boards > tend to focus on consumer-oriented forms of insurance (auto, home, > life). > > Owen
Yep. I don't remember the specifics, but our quote was ridiculous (like $thousands per month). Our health insurance premiums also goes up 30+% nearly every year. So much for regulation there... -Randy