Chubb offers an Information and Network Technologies
E&O policy (errors and ommissions), but it is not
cheap and has a high deductible on it...
Liam Russell
MyNetCenter, Inc.
lrussell@...

--- David Hubbard <dhubbard@...>
wrote:
> We talked to a number of places and none of them
> would offer business insurance due to our hosting
> of ecommerce sites, meaning payment information
> is passing through our servers.
> 
> David
> 
> > -----Original Message-----
> > From: Mark Hutchings [mailto:mark@...> > Sent: Tuesday, September 16, 2003 3:46 PM
> > To: isp-webhosting@isp-webhosting.com
> > Subject: [isp-webhosting] Re: business insurance
> > 
> > 
> > Interesting!  I wonder if hosting companies are
> too high risk now?
> > 
> > The lawsuit was something in our error, which I
> admit, and an 
> > old customer of
> > ours lost a big partner due to our error.  It's
> quite 
> > embarrassing, that's why
> > I'm not admitting what it is.  :)
> > 
> > But they did win the suit for a large amount sum,
> which if 
> > the insurance company
> >  didn't cover, our company would probally be not
> in exsistance today.
> > 
> > (I hope we're not the reason they're not excepting
> any more 
> > hosting companies.)
> > 
> > 
> > Quoting Robert L Mathews <lists@...>:
> > 
> > > At 9/16/03 12:00 AM, Mark Hutchings wrote:
> > > 
> > > >http://www.techinsurance.com
> > > 
> > > We tried signing up with them last year, and
> they told us 
> > they no longer 
> > > insure hosting companies.
> > > 
> > > 
> > > >Saved us from several law suits.  :)
> > > 
> > > Can you give us any details? What kind of
> lawsuits? Were 
> > you actually 
> > > sued, or was it just the usual threats from
> lunatics?
> > > 
> > > I suspect you'd actually be more likely to be
> sued if you 
> > had insurance, 
> > > because there's more money to be had. We're
> currently 
> > relying on the 
> > > time-honored strategy of "not having much
> money", but that 
> > has certain 
> > > drawbacks...
> > > 
> > > -- 
> > > Robert L Mathews, Tiger Technologies
> > > 
> > > 
> > > 
> >
>
------------------------ANNOUNCEMENT---------------------------------
> > > 
> >
>
---------------------------------------------------------------------
> > >            ISPCON FALL 2003 - Santa Clara
> Convention Center
> > >      October 20-22 - The Definitive Event Wired
> and Wireless ISPs
> > >                             www.ispcon.com
> > > 
> >
>
----------------------------------------------------------------------
> > > 
> >
>
----------------------------------------------------------------------
> > > 
> > > 

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> > 
> > 
> > 
> >
>
------------------------ANNOUNCEMENT---------------------------------
> >
>
---------------------------------------------------------------------
> >            ISPCON FALL 2003 - Santa Clara
> Convention Center
> >      October 20-22 - The Definitive Event Wired
> and Wireless ISPs
> >                             www.ispcon.com
> >
>
----------------------------------------------------------------------
> >
>
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> > 
> > 

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------------------------ANNOUNCEMENT---------------------------------
>
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>            ISPCON FALL 2003 - Santa Clara Convention
> Center
>      October 20-22 - The Definitive Event Wired and
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>                             www.ispcon.com
>
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>
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> 
> 

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------------------------ANNOUNCEMENT---------------------------------
---------------------------------------------------------------------
           ISPCON FALL 2003 - Santa Clara Convention Center
     October 20-22 - The Definitive Event Wired and Wireless ISPs
                            www.ispcon.com
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Replies

[isp-webhosting] Re: business insurance, David Hubbard