CAD and Insurance
CAD and Insurance
(OP)
Hi all,
I have been reading a lot of your posts regarding e&o insurance and have a question for you. I am starting a LLC doing basic CAD work, solid modeling, and design work for OEM's (basically designing plastic parts, rubber buttons, some chassis work for machines, ect...)
I am still slightly confused about whether or not I should purchase E&O insurance.
Any insight would be appreciated!
I have been reading a lot of your posts regarding e&o insurance and have a question for you. I am starting a LLC doing basic CAD work, solid modeling, and design work for OEM's (basically designing plastic parts, rubber buttons, some chassis work for machines, ect...)
I am still slightly confused about whether or not I should purchase E&O insurance.
Any insight would be appreciated!





RE: CAD and Insurance
Don Phillips
http://worthingtonengineering.com
RE: CAD and Insurance
Hate to say it, but if you have concerns you may want to consult an attorney on it. The whole purpose of the LLC is to greatly limit your personal liability - that's the sole reason the stucture exists. If you have some specific questions, run them by your attorney.
Greg Lamberson, BS, MBA
Consultant - Upstream Energy
Website: www.oil-gas-consulting.com
RE: CAD and Insurance
I intend to talk with an attorny, I was just hoping to get some of your feedback first. So far my clients dont require e&o, most of them dont have it themselves, or have not heard of it. I guess this is why I question the need.
Did any of you purchase this insurance right up front when you started, or did you wait until the buisness could more or less afford it?
RE: CAD and Insurance
Don Phillips
http://worthingtonengineering.com
RE: CAD and Insurance
RE: CAD and Insurance