Re: (no subject)

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JALEE,

Boy, this list sure has come alive suddenly!

In a message dated 2/6/02 1:29:10 PM Eastern Standard Time,
JALEE@humboldtks.com writes:


> I'd appreciate any comments about Contractual Insurance.
>
> 1 -  What liabilities does it need to cover ?
>
> 2 -  Are clients very concerned about it before signing commitments ?
>
> 3 -  What is the cost and where do you get it if needed ?
>

Contractual insurance is generally reserved for the "big boys".  You're
probably thinking of "errors and omissions" insurance.  This insurance, while
it can be had for less, is generally pricey and unnecessary.  If you don't
promise anything, you don't need it.  In seven years of business, the only
insurance I've ever been asked to provide by a client is "General Liability"
(less than $200 USD per year for $1M USD coverage) which basically covers
them if you slip and fall on the job.  Of course, the client won't ask for
the insurance if you need it.

Contractual insurance is required if you say something like "I will do (this)
in (this) amount of time."  If all you've contracted to is to do as the
client asks, you don't need the higher insurance level.

JME,

Dean Asmussen
Enterprise Systems Consulting, Inc.
Fuquay-Varina, NC  USA
E-mail:  DAsmussen@aol.com

"Old programmers never die, they just can't C as well." -- Anonymous