My responce would be.....If your going to pay for it ill use your company, and if not i will use company of my choosing since I PAY FOR IT!!!!
home615 said:Made me wonder if there was a kickback.
FAS is the only company that has demanded I carry E&O.JenkinsHB said:I've never run into anyone requiring a specific liability. But I have with e&o. Don't listen to these other guys that aren't even in the industry.
the only thing that I can think of is that those 4 companies who they say you have to go with might have a policy that will cover you. Perhaps, FREMONT can assist with this one.MidwestP&P said:We've gotten this notice from 2 of our nationals as well. By April of next year we have to switch to 1 of the 4 "approved" E&O carriers. I completely agree with you guys -- it's C**P -- but really, if I tell them to take a hike, they will tell me to go take a hike and I can't really afford that!! We carry E&O altho not from any of those 4 companies because the cost with them was so ridiculuously high. According to my general liability insurance agent, he says there is no reason why we have to carry it anyway but it was a catch-22 -- if you don't have it, you don't work. If there is some "polite" way to say NO to the 'demand' order, I would love to hear it! I certainly don't want to but really don't see a way around it without losing my clients...and I'm really trying to avoid changing the locks on my own house!
that's odd...all of the nationals that we are with require us to carry it. the regionals we do work for do not.STARBABY said:FAS is the only company that has demanded I carry E&O.
MidwestP&P said:We've gotten this notice from 2 of our nationals as well. By April of next year we have to switch to 1 of the 4 "approved" E&O carriers. I completely agree with you guys -- it's C**P -- but really, if I tell them to take a hike, they will tell me to go take a hike and I can't really afford that!! We carry E&O altho not from any of those 4 companies because the cost with them was so ridiculuously high. According to my general liability insurance agent, he says there is no reason why we have to carry it anyway but it was a catch-22 -- if you don't have it, you don't work. If there is some "polite" way to say NO to the 'demand' order, I would love to hear it! I certainly don't want to but really don't see a way around it without losing my clients...and I'm really trying to avoid changing the locks on my own house!