[raleigh.rb] Liability Insurance

[Brian Adkins]

Yeah, it's definitely prof. liability.

1. Workers' comp
2. Employer's liability $1M
3. Comprehensive general liability $1M
4. Comprehensive auto liability $1M
5. Excess comprehensive general liability $5M
6. Professional liability (errors & omissions) $2M

I expect the cost to be prohibitive, but I figured I'd at least look 
into it for future reference. Worst case, I'll just have to hire 4 to 9 
people :)

The project was nearly identical to an ASP service I wanted to develop 
anyway, so I'm close to talking them into a subscription for a service 
vs. a custom app, but they're very bureaucratic and may require the ins. 
anyway regardless of the site terms of service.

TJ Stankus wrote, On 12/3/08 1:55 PM:
> I had to get "slip and fall" insurance to work onsite at Duke. It was
> only about $150/year. I think you're being asked to get a different
> type of coverage, but it's worth verifying that, as professional
> liablity insurance is quite a bit more expensive.
> 
> -TJ
> 
> On Wed, Dec 3, 2008 at 1:50 PM, James Avery <javery at infozerk.com> wrote:
>> I needed general liability a couple years age and went
>> through http://www.techinsurance.com/, they ended up hooking me up with The
>> Hartford for about $500/year. They were nice to work with all around. That
>> was just general though, I didn't do E &  O. I think you are right that it
>> will be tough to get for one person and keep it reasonable.
>>
>> -James
>> On Wed, Dec 3, 2008 at 1:41 PM, Brian Adkins <info at lojic.com> wrote:
>>>
>>> I've had my company, Lojic Technologies, for over 10 years and have never
>>> needed liability insurance; however, I'm now considering some contracts with
>>> larger (i.e. bureaucratic) companies that require it.
>>>
>>> Can anyone recommend an insurance provider for small software development
>>> and consulting businesses?
>>>
>>> I also own a real estate brokerage, but Errors & Omissions insurance for
>>> that is about $500/yr. The last I checked on liability and E&O for software
>>> development & consulting, it seemed to be priced with a 5 to 10 person
>>> minimum in mind, so for a single member LLC, it was quite high.
>>>
>>> Thanks,
>>> Brian
>>>
>>> --
>>> Brian Adkins
>>> Lojic Technologies, LLC
>>> http://lojic.com/
>>> 919-946-7547 (mobile)
>>> _______________________________________________
>>> raleigh-rb-members mailing list
>>> raleigh-rb-members at rubyforge.org
>>> http://rubyforge.org/mailman/listinfo/raleigh-rb-members
>>
>>
>>
>> --
>> James Avery
>> Infozerk Inc.
>> http://www.infozerk.com
>>
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