From an Insurance agent I am dealing with for ISPs and CLECs:
Hi Peter:
At this level of premium there is really not much that can be done.
Insurance carriers typically set "minimum pemiums" for certain policies
even where risk of loss is relatively minor. E+O is an example of this.
At $1,250, the coverage is probably very limited and that is the bare
minimun the carreir will accept to take on that risk whether the client
does $10,000 per year or $250,000.
Unfortunately, it's really not worth the effort on either parties part
to try and shave five hundred dollars or 10% from a ~$5,000 overall program.
This is especially true of they are actually looking for real coverage.
It;s like everything else. You really do get what you pay for. These
policies will have so many exclusions that actually getting a claim paid
would be the exception rather than the rule. Plus they are likely
placed with relatively [financially] weak carriers.
My value to your clients would be in the area of making their insurance
budget more efficent in terms of providing better coverage with stronger
carriers. My guess is that clients that are generating revenue of
>$1Mil per annum would be the minimum threshold where I can actually
accomplish some good.
Paul
-------- Original Message --------
Subject: Re: [WISPA] WISPA and volunteers
Date: Fri, 18 Nov 2005 11:14:08 -0600
From: Dylan Oliver
I'm interested in group insurance. Been talking to United (through
wispinsurance.com) and could use better rates .. this is what we've
been
offered:
$2,128 general liability & property +
$700 umbrella +
$250 "program administration charges" +
$1,250 professional E&O (optional) +
$250 E&O administration charges (optional) +
$250 Healthy & Safety Manual (maybe optional).
The coverage includes two tower locations with $50k and a premium of
$585.
And what is "Fungi Limited Business Interruption"? In case I eat a
quarter
of mushrooms and trip balls for a month?
Best,
--
Dylan Oliver
Primaverity, LLC
--
WISPA Wireless List: [email protected]
Subscribe/Unsubscribe:
http://lists.wispa.org/mailman/listinfo/wireless
Archives: http://lists.wispa.org/pipermail/wireless/
