Alan,
At Kennecott Exploration we expect our consultants to have a General
Comprehensive Liability policy and automobile liability, but we do not
expect any kink of professional liability or Errors & Omissions
coverage. In fact even the General Liability can be difficult for some
and we are thinking of providing a blanket coverage for consultants when
they are working for us; however, this issue has not been resolved at
this time.
I also know that Professional Liability is a bigger issue in the
environmental and geotechnical fields, but not in exploration.
Joe Inman
Kennecott Exploration
-----Original Message-----
From: Alan Reid [mailto:[EMAIL PROTECTED]]
Sent: Monday, July 05, 1999 4:20 AM
To: grvmag-l, Majordomo; [EMAIL PROTECTED];
[EMAIL PROTECTED]
Subject: [SEGMIN]: Professional Indemnity Insurance
Folks,
Pardon the dumb question, but I'm new to one-man geophysical
consulting.
1. Do all of you who work as consultants carry Professional
Indemnity Insurance?
2. or do you rely on "best endeavours" clauses in contracts,
thereby avoiding professional liability?
3. Does anyone know of any of the professional geophysical
bodies which offers a good deal? I believe there's one from
the Gelogical Society of London, but I carry enough
memberships already. I can't find anyone who specializes in
geophysicists.
4. Any helpful comments? I've had some crazy quotes from
brokers.
5. I guess this is aimed the other way. Do any of you who
use consultants expect them to carry any particular level of
professional indemnity insurance? And in what conditions
might it be invoked?
Thanks
--
Alan B Reid PhD
Reid Geophysics
49 Carr Bridge Drive
Leeds LS16 7LB
UK
Phone: +(44)-113-261-0252
Fax: +(44)-113-293-0062
e-mail: [EMAIL PROTECTED]
website: www.reidgeophys.freeserve.co.uk
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