[asterisk-biz] Liability Insurance for colo?

[emist]

Thanks for the help everyone, I'm in the process now of getting the
general liability insurance. The prices seem to vary widely for whatever
reason but we're making some progress ;]

Best of luck,

Igor H.


Trixter aka Bret McDanel wrote:
> Insurance requirements and availability vary from jurisdiction to
> jurisdiction.  In the US each state has its own insurance laws.  As a
> result it can be tricky to know, but if you call your insurance agent
> and they dont know what you are talking about, either its not available
> in your area or its time to get a new insurance agent.  
> 
> There are things in addition to just the normal hardware and service
> related insurance that you may want to investigate, such as legal
> liability costs, eg providing some service that ultimately comes back as
> a lawsuit.  For that however you have to involve legal in with the
> insurance people.  And that can really get complex with the different
> jurisdictions and all that.  There may also be some remedies that can be
> come up with to mitigate all of that which can lower premiums.
> 
> Sometimes its also cheaper to just get a bond for some large amount
> rather than pay for a policy.  The bond offers the same coverage to a
> point (its not identical though).  I have worked for companies doing
> wall street stuff and we had to get a $1M bond as insurance which really
> only cost about $20k one time, so it was cheaper than getting a policy
> for which we had to make payments monthly for the duration of the
> contract.
> 
> These alternatives are why you need a good legal team and a good
> insurance team.  I am sure there are a dozen other alternatives as well,
> I am also sure that some are not legally suitable in some jurisdictions.
> 
> On Thu, 2008-07-17 at 12:43 -0700, Max Clark wrote:
>> You need general liability insurance. Most facilities want 1/2 million
>> of coverage with them named as additional insured. Some facilities
>> will require proof of workman's comp as well. It depends on the
>> facility.
>>
>> -Max
>>
>> On Wed, Jul 16, 2008 at 9:43 AM, emist <emistz at gmail.com> wrote:
>>> Hey,
>>>
>>> For those of you that have your asterisk boxes hosted in a data center.
>>> How much does the liability insurance policies usually cost you?
>>>
>>> I've been trying to get a quote and no one seems to have heard of this
>>> type of policy for a colo.
>>>
>>> Any help is appreciated,
>>>
>>> Igor H.
>>>
>