Current client is planning to change to £10m professional indemnity for each and every claim. A quote for £5m comes in at £1200. Getting £10m will require a specialist broker, I suspect.
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Client saying insurance is "Compulsary"
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While at client site, a permie trips over your rucksack and badly breaks their leg. Client sues you for their loss - his salary for three months, plus the cost of replacement.
Public liability is a no-brainer. You need it.Down with racism. Long live miscegenation!Comment
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Originally posted by ladymuck View PostCurrent client is planning to change to £10m professional indemnity for each and every claim. A quote for £5m comes in at £1200. Getting £10m will require a specialist broker, I suspect.Comment
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Originally posted by rossb2 View Post£10m, what are you, a film star LOL. Never had anyone ask for more than £1m. I have had PI cover for the last 20 years. £1200 sounds high for £5m. Maybe give Qdos a try?merely at clientco for the entertainmentComment
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Originally posted by NotAllThere View PostWhile at client site, a permie trips over your rucksack and badly breaks their leg. Client sues you for their loss - his salary for three months, plus the cost of replacement.
Public liability is a no-brainer. You need it.⭐️ Gold Star ContractorComment
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Originally posted by eek View PostWhen an airport closes due to your screw up things could get very expensive, very very quickly...Comment
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I'm thinking of getting some building work done soon.
Recently in my neighbourhood, someone had some building work done which resulted in a section of the house collapsing. Customer's home insurance didn't cover negligent workmanship. Builder didn't have insurance. Customer chased builder to cover cost, builder folded company.
I'll be insisting my builder has proper insurance in place.Comment
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Originally posted by pauldee View PostI'm thinking of getting some building work done soon.
Recently in my neighbourhood, someone had some building work done which resulted in a section of the house collapsing. Customer's home insurance didn't cover negligent workmanship. Builder didn't have insurance. Customer chased builder to cover cost, builder folded company.
I'll be insisting my builder has proper insurance in place.Comment
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To the OP. Get the insurance. QDOS allow you to get it monthly (I cancelled mine recently half way through the year) but bear in mind how long it might take a client to make a claim against you. It may be 2 or 3 months after the contract has finished that they realise your code has just broken all their main business systems and decide to claim against you, so you will need to have the insurance in place at the time of the claimComment
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