[TechAssist] Re: Home-based business insurance
- From: "Jerome Silverman" <greentron@xxxxxxx>
- To: <techassist@xxxxxxxxxxxxx>
- Date: Tue, 21 Dec 2004 23:05:01 -0500
Thats sort of an insult! they must have figured they could not get anything
out of you.
Many years ago I met a sort of melancholy fellow at a party. He said he was
a tort attorney and made bundles of money for just going in to the office a
few hours a week and that he was bored stiff. If someone had a claim and
retained his firm, the legal assistants made a list of every last name that
could possibly be involved no matter how far fetched. They might come up
with 50 or 100 names. Then they checked to see who had insurance and who had
assets of significance. Then they sent a letter to everybody that they might
get something from informing them of the pending lawsuit. A few weeks later,
the checks come rolling in, a thousand here, a few thousand there, with
disclaimers that cashing the check constitutes a complete settlement. If his
client is satisfied with the loot, it ends there. If not, they actually file
suit (which costs a little more than just sending the letters) and more
settlement checks come in, and so on, towards an actual court case.
But he said that in the twenty some years that he had been doing this, none
of his cases ever actually got to court. Which he said was a good thing
because either he would have lost the case or the court costs would have
exceeded the award. And thats the game that is played.
Jerry Silverman
Greentron Inc
4 Newland Ave Greenville SC 29609
Fax/Phone 864 232 3889
greentron@xxxxxxx
----- Original Message -----
From: "Gary McCartney" <gary@xxxxxxxxxxx>
To: <techassist@xxxxxxxxxxxxx>
Sent: Tuesday, December 21, 2004 10:28 PM
Subject: [TechAssist] Re: Home-based business insurance
> How could they prove it was Ed's fault? How could they prove Ed was the
> last to work on the TV, and even if they did prove it, wouldn't they
> have to prove the TV caused the fire? I once fixed a guy's computer and
> later (don't remember how long) his house burnt down. Never had anyone
> contacting me about it.
>
>
>
>
> Gary McCartney
>
> McCartney Electronics
> Guelph Ontario Canada
> Est. 1984
> email: gary (at) number63.ca
>
>
>
>
>
>
>
> tvman@xxxxxxxxxxxxxxx wrote:
> > Hi Ed they may blame it on you
> > Eric
> > E M Electronics
> > Deer Lake NL
> > Canada
> > tvman@xxxxxxxxxxxxxxx
> > eric.manuel@xxxxxxxxx
> > ----- Original Message -----
> > From: "Ed Gaidies" <teltek3@xxxxxxxxxxxx>
> > To: <techassist@xxxxxxxxxxxxx>
> > Sent: Tuesday, December 21, 2004 9:51 PM
> > Subject: [TechAssist] Re: Home-based business insurance
> >
> >
> >
> >>My question..if I just repaired someone's TV...and their house burns
> >>down...why would I worry about my Insurance covering them?
> >>
> >>-Ed-
> >>Ed Gaidies
> >>Tel-Tek Electronics
> >>Ontario-Canada
> >>teltek3@xxxxxxxxxxxx
> >>teltek@xxxxxxxxx
> >>
> >>
> >>On 21-Dec-04, at 7:12 PM, Old TV Man wrote:
> >>
> >>
> >>>I think insurance companys run the country. Like the doctor standing
> >>>over a patient and says "your insurance company says you are well".
> >>>
> >>>Max Bonnell
> >>>Bonnell TV
> >>>Robinson, IL
> >>>
> >>>Sender: techassist-bounce@xxxxxxxxxxxxx From: kevintv@xxxxxxx(Kevin)
> >>>Date: Tue, Dec 21, 2004, 3:25pm (CST-2) To: techassist@xxxxxxxxxxxxx
> >>>(TECH-ASSIST) Subject: [TechAssist] Home-based business insurance
> >>>Reply=A0to: techassist@xxxxxxxxxxxxx
> >>>
> >>>I just found out from my insurance company that I am not covered for
> >>>any
> >>>professional liability, i.e. if I have just fixed a TV for a customer
> >>>and their house burns down, I have no insurance coverage. The only
> >>>things that my insurance covers are my tools and if a customer gets
> >>>hurt
> >>>on my property.
> >>>
> >>>Things have changed in the insurance industry. My first policy in 1998
> >>>had $1 000 000 liability insurance for only $150. Now they want $700
> >>>more for commercial insurance, to cover the same things. What a racket.
> >>>
> >>>Earlier this year I was forced by the insurance company to upgrade my
> >>>electrical service from 70 amp to 100 amp, even though I have no
> >>>problems with my electrical.
> >>>
> >>>Kevin Wilks
> >>>Kevin's TV & Video Repair
> >>>Penticton BC Canada
> >>>kevintv@xxxxxxx
> >>>----------------------------------------------
> >>>
> >>>
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