Length of Professional Liability After Retirement
Length of Professional Liability After Retirement
(OP)
I started my own business a couple of years ago and hadn't really put much thought into what happens when I decide I no longer want to work.
According the model statute of repose statute, we are not liable to defend ourselves for a project after the project is greater than 7 years old...simply put.
When I retire...which is a long, long ways away, what happens to me and my insurance? Do I need to carry insurance for another 7+ years even if I'm not practicing?
According the model statute of repose statute, we are not liable to defend ourselves for a project after the project is greater than 7 years old...simply put.
When I retire...which is a long, long ways away, what happens to me and my insurance? Do I need to carry insurance for another 7+ years even if I'm not practicing?






RE: Length of Professional Liability After Retirement
Mike McCann
MMC Engineering
RE: Length of Professional Liability After Retirement
VoD
RE: Length of Professional Liability After Retirement
RE: Length of Professional Liability After Retirement
The above is what I'm basing my assumption of 7 years off of. I will talk with my insurance company today. This could be a very large expense after retirement that I hadn't contemplated prior to jumping off the business start-up cliff.
RE: Length of Professional Liability After Retirement
RE: Length of Professional Liability After Retirement
RE: Length of Professional Liability After Retirement
RE: Length of Professional Liability After Retirement
RE: Length of Professional Liability After Retirement