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Fwd: Re: Limit of Liability[Subject Prev][Subject Next][Thread Prev][Thread Next]
- To: wai(--nospam--at)euken.com
- Subject: Fwd: Re: Limit of Liability
- From: rlewis(--nospam--at)techteam.org (Richard Lewis)
- Date: 06 Aug 1997 13:53:25 GMT
You wrote: > > >> By the way ASCE has very good rates for small companies and individuals >>on E & O insurance. It is a fraction of what it used to be a few years ago. >> >> Tom Harris , SE >> Thousand Oaks, CA > >ASCE (Kirke-Van Orsdel) offers very good rates for companies with gross >anual billings of less than $100,000. As a matter of fact, their rates are >more than half of the competion such as DPIC and CNA's underwriter. For >billings of $100,001 the rates are more than double with no sliding scale. >They offer limited or no help on contractual issues and there do not have >the educational services that others provide/require. I have been told ( by >ASCE's competetors ) that there are some holes in their coverage. Also >being in Iowa might have an impact on your representation if and when you >need it. > >Back to the issue of limiting your Liability to your fee. I can not >remember when I have had a client agree to this. Of course this would be >great to get, but this seems somewhat unrealistic to me. I would never sign >such a contract. I have found that this clause is most often presented by >engineers that do not have any insurance. But, there is something to be >said for this, in that no one is going to go after someone if they have no >insurance or assets. I personally do not subscribe to this idea. Once you >decide to go the insured route you can look forward to paying premiums and >trailer premiums for the rest of your life. As an aside, I have been told >that you can "homestead" your house up to certain limits if you feel you >need to protect this asset, however, you will never be able to refinance, >get a loan or sell it until the homestead status is removed. >Regards, > >Jeff Smith. S.E. >phone: (415) 543-8651 >fax: (415) 543-8679 >email: smthengr(--nospam--at)sirius.com > >Smith Engineering >27 South Park >San Francisco, CA 94107 > > > --- Internet Message Header Follows --- Received: from server1.seaoc.org (bqe.com [22.214.171.124]) by host1.texramp.net (8.8.5/8.8.5) with SMTP id NAA12970 for <rlewis(--nospam--at)techteam.org>; Sun, 6 Apr 1997 13:54:12 -0500 (CDT) Received: from dfw-ix8.ix.netcom.com by server1.seaoc.org (NTList 3.02.10) id la016703; Sun, 6 Apr 1997 11:52:04 -0700 Received: (from smap@localhost) by dfw-ix8.ix.netcom.com (8.8.4/8.8.4) id NAA08604 for <seaoc(--nospam--at)seaoc.org>; Sun, 6 Apr 1997 13:49:45 -0500 (CDT) Date: Sun, 6 Apr 1997 13:49:45 -0500 (CDT) Message-Id: <199704061849.NAA08604(--nospam--at)dfw-ix8.ix.netcom.com> Received: from lvx-nv10-14.ix.netcom.com(126.96.36.199) by dfw-ix8.ix.netcom.com via smap (V1.3) id sma008588; Sun Apr 6 13:49:21 1997 From: quinnair(--nospam--at)ix.netcom.com (Patrick F. Quinn) Subject: Re: Limit of Liability To: seaoc(--nospam--at)seaoc.org Reply-To: seaoc(--nospam--at)seaoc.org Error-To: seaoc-ad(--nospam--at)seaoc.org X-Loop: seaoc(--nospam--at)seaoc.org X-Info: [SEAOC] Owner: seaoc-ad(--nospam--at)seaoc.org X-POP3-Rcpt: seaoc-ad(--nospam--at)seaoc.org X-Sender: seaoc-ad(--nospam--at)seaoc.org Precedence: list X-ListMember: rlewis(--nospam--at)techteam.org [seaoc(--nospam--at)seaoc.org] __________________________________________________ Richard Lewis, P.E. Missionary TECH Team rlewis(--nospam--at)techteam.org The service mission like-minded Christian organizations may turn to for technical assistance and know-how.
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