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IWETHEY Home / IWETHEY Board / Open Forum / Yep, for example an "Errors and omissions" liability...
Post #255,745
by a6l6e6x
Picture of a6l6e6x
5/17/06 1:17:47 PM
Reply
New Yep, for example an "Errors and omissions" liability...
insurance that may be required. It can be very expensive.

They want to make sure their "deep pockets" are not troubled if you get sued.
Alex
When fascism comes to America, it'll be wrapped in a flag and carrying a cross. -- Sinclair Lewis
Post #255,845
by mmoffitt
5/18/06 8:37:38 AM
Reply
New Agree in spades.
Liability insurance rates are astronomical. My old partner and I used to do human machine interfaces. Contracts with GM required a penalty of $45/minute for any downtime on any assembly line that was caused by e & o that was related to our development. Getting insurance for that was extremely pricey. I know your situation is different, but e & o can wipe you out if you're not careful.
bcnu,
Mikem

It would seem, therefore, that the three human impulses embodied in religion are fear, conceit, and hatred. The purpose of religion, one might say, is to give an air of respectibility to these passions. -- Bertrand Russell
     Anybody out there with a good head for business? - (bionerd) - (14) - May 17, 2006, 12:38:47 PM EDT
         My rates are too low, and . . . - (Andrew Grygus) - May 17, 2006, 12:42:17 PM EDT
         what I would do - (boxley) - (4) - May 17, 2006, 12:48:04 PM EDT
             I used to work for Magellan's primary competitor - (bionerd) - (3) - May 17, 2006, 12:58:11 PM EDT
                 if the rate is good put a hairy eyeball on the terms - (boxley) - (2) - May 17, 2006, 01:07:24 PM EDT
                     Yep, for example an "Errors and omissions" liability... - (a6l6e6x) - (1) - May 17, 2006, 01:17:47 PM EDT
                         Agree in spades. - (mmoffitt) - May 18, 2006, 08:37:38 AM EDT
         Make an estimate of your earnings from this... - (bepatient) - (7) - May 17, 2006, 04:19:27 PM EDT
             Thanks for the feedback. - (bionerd) - (6) - May 22, 2006, 10:18:47 AM EDT
                 Cringers Flossed! -NT - (Another Scott) - May 22, 2006, 10:40:06 AM EDT
                 One other thing you'll have to do - (drewk) - (3) - May 22, 2006, 11:14:17 AM EDT
                     Are you TRYING to give her reasons to drink? -NT - (ben_tilly) - (1) - May 22, 2006, 05:00:35 PM EDT
                         Never need a reason to drink. Just excuses. -NT - (ChrisR) - May 23, 2006, 10:49:32 AM EDT
                     I cant work when I'm drunk, silly -NT - (bionerd) - May 23, 2006, 10:08:22 AM EDT
                 Good luck! Keeping appendages in crossed position.... -NT - (jb4) - May 22, 2006, 05:14:59 PM EDT

Loopholes and fine print are there for a reason, and it's not to make you happy.
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