To Insure or Not to Insure?

[Roy D. Cooke, Sr]

Originally Posted by jpope

My E&O premiums are marketing $$$$, well spent

It looks like only 6.8% agree with you and 60.7 have no insurance.

Roy Cooke

[Ben L. Garrison]

E&O insurance is a necessary evil, I wouldn't recommend doing business without it. But then again, I'm not really a neutral party in all of this

[John McKenna]

I have had two nasty letters sent to me by lawyers.
When I explained my position and told them I had
no insurance... they went away. I got the feeling
that they never read my "position" text.

Lawyer Rule #1... Follow the money.
Lawyer Rule #2... If no money ... send someone else a letter.
Lawyer Rule #3... Follow the money.

I know there are some good lawyers out there, but...

[Brian E. Kelly]

Originally Posted by jmckenna1

I have had two nasty letters sent to me by lawyers.
When I explained my position and told them I had
no insurance... they went away. I got the feeling
that they never read my "position" text.

Lawyer Rule #1... Follow the money.
Lawyer Rule #2... If no money ... send someone else a letter.
Lawyer Rule #3... Follow the money.

I know there are some good lawyers out there, but...

Judging from the way you worded your Poll John and reading your post here, seems like you run your business on feelings, very touching.

[Roy D. Cooke, Sr]

Originally Posted by jmckenna1

I have had two nasty letters sent to me by lawyers.
When I explained my position and told them I had
no insurance... they went away. I got the feeling
that they never read my "position" text.

Lawyer Rule #1... Follow the money.
Lawyer Rule #2... If no money ... send someone else a letter.
Lawyer Rule #3... Follow the money.

I know there are some good lawyers out there, but...

John's got my vote the only way to handle this .
Roy Cooke

[Jeffrey R. Pope]

Originally Posted by rcooke

It looks like only 6.8% agree with you and 60.7 have no insurance.

I spent $0 on "other" marketing in '06 and cornered almost 10% of the market share in my area. Considering that there are at least 50 inspectors within a 20 mile radius of me, that might be saying something. . .

[John McKenna]

I personally don't mind if someone has E&O. That is up
to each person.

But in 9 years, I have had two people not hire me
because I do not have E&O insurance. And... as
one wise inspector said..."when someone ask
me if I have insurance, it makes a red flag go up".

So, I am not sorry that I lost those two.