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New Contractor - What insurance do I need?

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    #11
    Originally posted by Lance View Post
    WTF does an MS service agreement have to do with PI insurance?
    Limitation of Liability.

    Nothing prevents you to limit it to $10 as MS does or to one month enumeration etc

    Something like
    ...Subject thereto,
    n.1.1 each party expressly excludes liability for economic,
    consequential or indirect loss or damage of any kind, or for
    loss of profit
    , business, revenue, goodwill or anticipated
    savings.
    n.1.2 neither party shall be liable for any loss or damage in excess of
    the higher of
    (a) ₤100,000, and (b) 125% of the total sums
    payable under a Schedule, except where it may not lawfully
    exclude or limit liability
    n.1.3 any liability or remedy for innocent or negligent (but not fraudulent)
    misrepresentation is expressly excluded.
    n.1.4 where the Consultancy Services dependent on completion of tasks or
    services by third parties (including employees of the Client), the
    Consultancy shall have no liability to the Client for any defects related
    to the non or partial performance of such tasks by third parties
    .
    Last edited by FK1; 25 February 2019, 20:53.

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