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Re: Survey, final result (Corrected)

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Based on conversations I have had with my E&O broker, LOL is a false sense
of security and is of little value. Keep in mind, these LOL appear in a
contract between you and your client (Architect, maybe current owner).
Anybody can sue anybody so someone not bound by the contractual LOL will
have no limits.

Bill Allen

-----Original Message-----
From: Jeff Smith <smthengr(--nospam--at)>
To: seaoc(--nospam--at) <seaoc(--nospam--at)>
Date: Thursday, April 30, 1998 8:11 AM
Subject: Re: Survey, final result (Corrected)

>>... has a program where
>>the insured participates in an educational, risk-reduction program and
>>a break on premiums for successful completion. In general, my colleagues
>>Bill Allen
>In addition to the premium reductions for completing education programs,
>they also give premium discounts for agreed contract ranges of limit of
>liability below your policy limits.  It is a bit hard to explain to a
>that if they except a low contract LOL, your premiums go down, however
>hardly enough to justify lowering your fee an amount that would be
>attractive to the client. This however IMO could be construed as extortion.
>Out of curiosity, how many times to clients question/challenge your limits
>of liability?