Liabilty Insurance required for a contract pressure vessel designer
Liabilty Insurance required for a contract pressure vessel designer
(OP)
I am trying to figure out what kinda of liability insurance would be required to do contract work for pressure vessel design. I would not be preforming code calculations. I would only be doing drawings for fabrication.
Michael McMillan
http://www.linkedin.com/pub/michael-mcmillan/53/37...
http://cadtechie.blogspot.com/





RE: Liabilty Insurance required for a contract pressure vessel designer
RE: Liabilty Insurance required for a contract pressure vessel designer
I am not sure where a person who create drawings for PV will get insurance. As far as I am concerned, the fabricator shall have a mandatory insurance/inspection agency like hartford before they can start doing fabrication. Thus, they can't build any ASME B&PV without any third party inspectors. Correct me if I'm wrong but the AI do not care where the fabricators get their drawings. It can be subbed out or done internally within their company.
-MrTank
“I have not failed. I've just found 10,000 ways that won't work.”
-Thomas A. Edison
RE: Liabilty Insurance required for a contract pressure vessel designer
RE: Liabilty Insurance required for a contract pressure vessel designer
Michael McMillan
http://www.linkedin.com/pub/michael-mcmillan/53/37...
http://cadtechie.blogspot.com/
RE: Liabilty Insurance required for a contract pressure vessel designer
I believe that your question really brings up the contractural nature bettween you and your contracted firm.
First, do you have a detailed contract for your services ? Do you personally invoice your client periodically ?
The contract should define the services you will provide, how much you will be paid and the length of services. Are you defined as an "independent contractor" in the agreement ? This is important. If you have such an agreement and you are an independent contractor, then liabilty insurance (errors and omissions insurance)is important and necessary.
If you are an "employee" and filled out a W-4 form upon your hire and have taxes deducted from your paycheck, then liability and E&R insurance is NOT NECESSARY.
This is my understanding of the contractor/employee dilema in the USA that has been a continual source of anguish and confusion over the past 30 years....
my opinion only.....
RE: Liabilty Insurance required for a contract pressure vessel designer
You want to buy liability insurance ? You must be crazy ! This is not a doctor's high pay job.
So many Wall Street guys screwed up billions of dollars with everyone's money, that is equivalent to millions of pressure vessels. Do these guys buy insurance to cover our loss?
RE: Liabilty Insurance required for a contract pressure vessel designer
Regards,
Mike
RE: Liabilty Insurance required for a contract pressure vessel designer