SPUG: Re: off topic - the ugly underbelly of consulting
Daniel James
djames at serv.net
Tue Mar 27 13:22:58 CST 2001
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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