SPUG: Re: off topic - the ugly underbelly of consulting

[Daniel James]

On Mon, Mar 26, 2001 at 06:08:02PM -0800, Richard Anderson wrote:

> I consider insurance to be relatively insignificant.  Unless you are
> off your medication, the chances of a client suing you for breech of
> contract are miniscule.  ;-) More important than insurance is a binding
> arbitration clause, which does wonders for bringing deadbeat clients to
> heel.  The AAA (American Arbitration Assoc) has more details on their
> web site.

Many larger companies (my present employer included) require that all
independent contractors they work with carry this liability insurance.
Frankly, I wasn't worried about getting sued, but I was not to be paid
until I provided proof of liability coverage.

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