Re: OT: Business insurance for independent contractors
At 13:55 +1200 1/5/07, Alan Litchfield wrote: I have both general business insurance with large public liability cover and where necessary I get professional indemnity insurance. The professional indemnity insurance is the one that is really expensive. In the UK I have found that it can be, but does not have to be. You have to shop around and make sure that you are dealing with a company that really understands the risks, or lack of them, that they are being asked to underwrite. This pretty much means that you should be dealing with a specialist insurer. I only bother with it on specific jobs, otherwise I ensure that processes are in place where the liability/accountability is held by the client. I have not heard of job-specific insurance here, but I would be very cautious about such packages due to issues of retrospective liability. A 'failure' covered by a PI package could arise even years after the relevant documentation or software was created. When I have professional indemnity insurance the cover is only for the specific job and is always a hassle to get sorted. Here software contractors and allied trades such as tech communicators can get cover from as little as £150 pa. It was not always so, though, as I pointed out to Pat off-list: a decade ago when I first went out for PI cover, I was quoted from less than £500 pa. to over £3500 pa. for essentially the same thing. Whether you *need* PI cover is another issue, and is heavily dependent on how you trade and your national laws. -- Steve ___ You are currently subscribed to Framers as [EMAIL PROTECTED] Send list messages to [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] or visit http://lists.frameusers.com/mailman/options/framers/archive%40mail-archive.com Send administrative questions to [EMAIL PROTECTED] Visit http://www.frameusers.com/ for more resources and info.
Re: OT: Business insurance for independent contractors
Try Interstate or Fireman's Fund Insurance. I used to work for them, and they have a large variety of professional liability insurance packages. On 4/30/07 7:43 PM, Pat Christenson [EMAIL PROTECTED] wrote: Are any of the independent contractors here carrying business insurance? It's been some time since I last checked on it but when I did, I found the cost to be very high and the coverage less than adequate. I was told at the time that very few companies would cover an independent contractor doing computer-related work (doc production) because they don't differentiate between for instance, someone setting up a payroll system who could do immense damage to a client and someone like me (setting up FrameMaker templates where it would be almost impossible to do large damage. When clients require insurance, I end up working through an agency but I'd prefer to be an IC. Anyway, if anyone here is carrying it, I'd be interested to hear about your experience. Feel free to contact me offlist. Thanks. Pat Christenson [EMAIL PROTECTED] ___ You are currently subscribed to Framers as [EMAIL PROTECTED] Send list messages to [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] or visit http://lists.frameusers.com/mailman/options/framers/kelley.west%40comcast.net Send administrative questions to [EMAIL PROTECTED] Visit http://www.frameusers.com/ for more resources and info. ___ You are currently subscribed to Framers as [EMAIL PROTECTED] Send list messages to [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] or visit http://lists.frameusers.com/mailman/options/framers/archive%40mail-archive.com Send administrative questions to [EMAIL PROTECTED] Visit http://www.frameusers.com/ for more resources and info.
RE: OT: Business insurance for independent contractors
Business liability insurance is usually quite expensive for what you get, but I got great advice from an insurance pal... For those only needing self-coverage, attach a business rider to a homeowner or renter policy. If you already carry such insurance, the increase in rates is maybe 1/3 compared to a full policy and can give the exact coverage needed. If you don't already have some sort of personal property insurance, here's a great excuse to cover things like engagement rings, watches, etc. I think adding the business coverage along with items over my normal policy limits was about 1/2 my previous business policy. If anybody needs direct advice, I know a guy Contact me off list if you'd like to email him. -Matt Sullivan GRAFIX Training, Inc. An Adobe Authorized Training Center www.grafixtraining.com 888 882-2819 -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Alan Litchfield Sent: Monday, April 30, 2007 6:55 PM To: Pat Christenson Cc: framers List Subject: Re: OT: Business insurance for independent contractors Hi Pat Anyway, if anyone here is carrying it, I'd be interested to hear about your experience. Feel free to contact me offlist. I have both general business insurance with large public liability cover and where necessary I get professional indemnity insurance. The professional indemnity insurance is the one that is really expensive. I only bother with it on specific jobs, otherwise I ensure that processes are in place where the liability/accountability is held by the client. When I have professional indemnity insurance the cover is only for the specific job and is always a hassle to get sorted. Cheers Alan ___ You are currently subscribed to Framers as [EMAIL PROTECTED] Send list messages to [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] or visit http://lists.frameusers.com/mailman/options/framers/matt%40grafixtraining.co m Send administrative questions to [EMAIL PROTECTED] Visit http://www.frameusers.com/ for more resources and info. ___ You are currently subscribed to Framers as [EMAIL PROTECTED] Send list messages to [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] or visit http://lists.frameusers.com/mailman/options/framers/archive%40mail-archive.com Send administrative questions to [EMAIL PROTECTED] Visit http://www.frameusers.com/ for more resources and info.
Re: OT: Business insurance for independent contractors
That's a great idea, Matt. I've contacted my insurance agent to see if this is a possibility. I'm also contacting Fireman's as Kelley suggested and I've gotten some offlist replies for which I'm grateful. FYI, I'm located in California so that may affect the whole experience. Thanks everyone and please continue to send me ideas as they occur to you. Pat On May 1, 2007, at 9:24 AM, Matt Sullivan wrote: Business liability insurance is usually quite expensive for what you get, but I got great advice from an insurance pal... For those only needing self-coverage, attach a business rider to a homeowner or renter policy. If you already carry such insurance, the increase in rates is maybe 1/3 compared to a full policy and can give the exact coverage needed. If you don't already have some sort of personal property insurance, here's a great excuse to cover things like engagement rings, watches, etc. I think adding the business coverage along with items over my normal policy limits was about 1/2 my previous business policy. If anybody needs direct advice, I know a guy Contact me off list if you'd like to email him. ___ You are currently subscribed to Framers as [EMAIL PROTECTED] Send list messages to [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] or visit http://lists.frameusers.com/mailman/options/framers/archive%40mail-archive.com Send administrative questions to [EMAIL PROTECTED] Visit http://www.frameusers.com/ for more resources and info.
Re: OT: Business insurance for independent contractors
Good news! I have a personal liability umbrella policy that my client is willing to accept in place of a business policy. But I appreciate all the ideas and info. Pat Christenson ___ You are currently subscribed to Framers as [EMAIL PROTECTED] Send list messages to [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] or visit http://lists.frameusers.com/mailman/options/framers/archive%40mail-archive.com Send administrative questions to [EMAIL PROTECTED] Visit http://www.frameusers.com/ for more resources and info.
Re: OT: Business insurance for independent contractors
Check out techinsurance.com. We've got both professional liability and business insurance through them and have been very happy with their service and price. If you check around, you'll get wildly differing quotes for supposedly the same coverage. From what I found, most insurance brokers don't really understand the varying types of tech that need to be insured, and often lump them all into the same (very pricey) category. Good luck! ...scott Pat Christenson wrote: Are any of the independent contractors here carrying business insurance? It's been some time since I last checked on it but when I did, I found the cost to be very high and the coverage less than adequate. I was told at the time that very few companies would cover an independent contractor doing computer-related work (doc production) because they don't differentiate between for instance, someone setting up a payroll system who could do immense damage to a client and someone like me (setting up FrameMaker templates where it would be almost impossible to do large damage. When clients require insurance, I end up working through an agency but I'd prefer to be an IC. Anyway, if anyone here is carrying it, I'd be interested to hear about your experience. Feel free to contact me offlist. Thanks. Pat Christenson [EMAIL PROTECTED] ___ You are currently subscribed to Framers as [EMAIL PROTECTED] Send list messages to [EMAIL PROTECTED] To unsubscribe send a blank email [EMAIL PROTECTED] or visit http://lists.frameusers.com/mailman/options/framers/sp%40leximation.com Send administrative questions to [EMAIL PROTECTED] Visit http://www.frameusers.com/ for more resources and info. ___ You are currently subscribed to Framers as [EMAIL PROTECTED] Send list messages to [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] or visit http://lists.frameusers.com/mailman/options/framers/archive%40mail-archive.com Send administrative questions to [EMAIL PROTECTED] Visit http://www.frameusers.com/ for more resources and info.
Re: OT: Business insurance for independent contractors
Hi Pat Anyway, if anyone here is carrying it, I'd be interested to hear about your experience. Feel free to contact me offlist. I have both general business insurance with large public liability cover and where necessary I get professional indemnity insurance. The professional indemnity insurance is the one that is really expensive. I only bother with it on specific jobs, otherwise I ensure that processes are in place where the liability/accountability is held by the client. When I have professional indemnity insurance the cover is only for the specific job and is always a hassle to get sorted. Cheers Alan ___ You are currently subscribed to Framers as [EMAIL PROTECTED] Send list messages to [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] or visit http://lists.frameusers.com/mailman/options/framers/archive%40mail-archive.com Send administrative questions to [EMAIL PROTECTED] Visit http://www.frameusers.com/ for more resources and info.
