Re: Insurance....yes or no

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Dear Mr. Know-It-All

Why are you posting this information if you have it
ALL-Figured-Out? If you think you know the system that well,
then good for you! Think your nuts? No, but you might be
crying one day because you have lot it all.

On 9/21/05, Matt wrote:
> I own a home inspection company.
>
> After my insurance company raised my errors and omissions
> insurance 20 percent when I had NO claims, I dropped them.
>
> For my 3,000 dollar yearly premium I got arbitration from
> my insurance company. I still have an arbitration clause
> in my inspection contract. The arb USED to be done by my
> insurance company. Well, now I have arb done by the BBB
> in my agreement. This costs 600 dollars per year.
>
> I have been reading on the web about arbitration companies
> being declared (sp) unfair and allowing clients to sue
> anyway. My old insurance company used an arb company
> who's owner was a disbarred lawyer. He was stealing from
> clients, neglecting clients from what I have read.
>
> I have never been sued. I have sued other people. The
> first thing the lawyers want to know is the facts....do
> they have a case. The second thing they want to know
> is....DO THE PEOPLE BEING SUED HAVE INSURANCE????? No
> insurance, no lawsuit because they know that even if they
> do win....without insurance, they may never see a dime.
>
> In Michigan, doctors to not have to carry malpractice
> insurance. Neither are home inspectors.
>
> I just rely on BBB arb clause in my inspection agreement
> to protect me along with my LLC.
>
> Now you lawyers tell me why I am nuts.