[Hidden-tech] RE: errors & ommisions insurance for web designers

[Christine Pilch]

Years ago, I discussed insurance with my attorney, and he advised me that the best protection was forming an LLC. That's the course I took. It's $500/year to file the annual report.


Best regards,
- Christine Pilch


Miracle Growth for your Company

Grow My Company
68 Dugan Road
Ware, MA, 01082
413.537.2474
Christine at GrowMyCo.com
http://growmyco.com




-----Original Message-----
From: hidden-discuss-bounces at lists.hidden-tech.net [mailto:hidden-discuss-bounces at lists.hidden-tech.net] On Behalf Of Marcia Yudkin
Sent: Thursday, March 05, 2009 12:13 PM
To: hidden-discuss at lists.hidden-tech.net
Subject: [Hidden-tech] RE: errors & ommisions insurance for web designers

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> 
> Errors and
> omissions is ridiculous
> expensive in our business.  We used to have it, but
> I’ve instituted
> a policy of always making right with the customer
> instead.  So if we ever
> make a mistake or have a print error or anything I eat the
> cost.  It’s
> much cheaper. Plus we are very diligent with making sure we
> don’t have
> errors that we or the client will get sued for. 
>  

I totally agree with this.  I have been self-employed for 28 years and (knock on wood) never been sued.  I don't think any of my colleagues who do what I do have been sued, either.

Recently I was up for a contract with an international aid organization, and we were all agreed on the terms of the work, except that their contract stated that I had to have errors & omissions insurance.  I told them that I "self-insured" (a good phrase to use).  I wasn't sure there was going to be a way to settle this, because they're big enough to have a contracts department, but they came back and added a clause to the contract saying that errors and omissions would be covered under their policy for this project.

A pretty good outcome!

Marcia Yudkin
www.yudkin.com
Goshen
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