atw: Re: FYI: Professional Indemnity insurance provider
- From: "Terry Dowling" <Terrence.Dowling@xxxxxxxxxxxxxxxx>
- To: <austechwriter@xxxxxxxxxxxxx>
- Date: Mon, 16 Nov 2009 16:12:19 +0800
Rhonda Bracey wrote:
...I'm not getting into any discussion about the
merits or otherwise of any sort of insurance.
==
But I will. Technical writers should not need PI insurance. I've been
told several times that it was a job requirement until I explained the
typical QA procedure is for me to write what person E, an 'expert',
tells me, person R then reviews and person A approves.
Based on that, I've never had, nor been required to have, PI insurance
for writing work and I reckon I've saved tens of thousands of dollars
because of that.
And the whole PI thing is such a scam. I worked as a proj manager for a
while. You're supposed to have PI for the duration of the contract and
another five years following -- just in case you get sued after the
termination (because "you have to be still insured to get coverage").
With quotes for the insurance ranging from $5k to $10k/year, a one-year
contract could cost you up to $60k in insurance. Try and factor that
into your rates. Then try to get a reasonable termination clause
included just in case there's a downturn and you lose your job early.
You could end up with a $60k bill with only a month or two of work to
pay for it. (And that reminds me of the contract Ambit tried to get me
to sign with a 1-hour 'no reason' termination clause.)
Resist, I say, resist!!
Cheers,
Terry
==
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