Errors and Omissions insurance covers what is explicitly not covered in your general liability insurance, namely damages you cause by performing or failing to performing your duties as a consultant or professional.
If you format the wrong disk volume and you wipe the critical files.. no backup. - Error ! You install a firewall but open it all up - Error You don't patch the servers... ever - Omission You tell the customer to hit the red button (which deletes the files), but you really meant the black mutton (which backs them up). Error and/or Omission You charge your customer to do some backups but you go to the beach instead and never do the work. The disks die and woops... data is gone. - Omission If you do these things to your customer, they might sue you. The E&O insurance might cover you. Your General Liability insurance most likely will not. On Fri, 2008-05-09 at 12:09 -0700, Christoph Maier wrote: > On Wed, 2008-05-07 at 16:19 -0700, Mark Phillips wrote: > > On May 7, 2008, at 7:44 AM, Karl Cunningham wrote: > > > Shop around. Call lots of agents and get quotes. I found premiums to > > > vary by 4:1 for the same coverage. > > > > Thanks, Karl. Good advice, and advice I am following. > > > > - Mark > > Shtoopid question: What does one need such an insurance for? > > Christoph > > -- ************************************************************ Michael J. McCafferty Principal, Security Engineer M5 Hosting http://www.m5hosting.com You can have your own custom Dedicated Server up and running today ! RedHat Enterprise, CentOS, Ubuntu, Debian, OpenBSD, FreeBSD, and more ************************************************************ -- [email protected] http://www.kernel-panic.org/cgi-bin/mailman/listinfo/kplug-list
