I've had PI for 25 years, and never once read the fine print. I did think one was "indemnified" against damage to client equipment and systems, provided it wasn't deliberate. Thankfully I've never had to claim...honest!
Perhaps I should have got PPI instead, at least I could have claimed it all back...
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His heart is in the right place - shame we can't say the same about his brain...
PI insurance is an odd one.
Never gets claimed, and is cheap to buy. And always required.
If however, you run a real business, with employees doing work for your client, it's really expensive. It's a tickbox exercise for one-man bands. It's why they charge >£1k a day for the consultancies, and why small businesses struggle to compete. They can't charge >1k a day, but are undercut by one-man contractor companies.
A sensible client will not bother about PI as it's never claimed, but due to the risk averse nature of agencies it creates a bit of a racket. IMO. IANAL.
See You Next Tuesday
Some things in Moderation
cojak is always on top
"I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
- Voltaire/Benjamin Franklin/Anne Frank...
Some things in Moderation
cojak is always on top
Oh - and to the OP - treat like your own laptop and make sure you don't damage it in the first place.
(How many have you got through until now??)
"I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
- Voltaire/Benjamin Franklin/Anne Frank...
Nervous Newbie
tonyjwheeler has no reputation
Indeed. Lots of comments that are most welcome. Here is what I found out:
- Kingsbridge PI cover includes "property" but then excludes most cases (incl loaned equipment)
- Business equipment insurance covers your own equipment
- British Insurance Brokers’ Association (BIBA) could not find cover
I had assumed that I needed cover as the client would be asking me to sign for the laptop (an expensive one) but it could be that the client has it covered - or should do.
Thanks. If anything changes I'll get back here with comment.
Regards
Tony