Liabilty Insurance required for a contract pressure vessel designer 4

[NTME76249]

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/53/375/52b

http://cadtechie.blogspot.com/

 

[DSB123]

You need to have enough insurance to cover yourself in case you produce something which results in re-work or a failure of the vessel. As a draughy I would think the onus would fall on the checker and not yourself.

 

[MrTank]

DSB123,

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

 

[metengr]

You should obtain omissions and errors liability insurance in the event you get dragged into a possible lawsuit. You should not depend on others to cover your work, you are responsible for your own product you generate and provide as a service to others.

 

[NTME76249]

I know we get drawing at my current employer from anywhere. Mostly third world countries like India, Pakistan and Oklahoma. I know they have no Insurance. But that does not mean it is right. I Appreciate your all's comments.

Michael McMillan

http://www.linkedin.com/pub/michael-mcmillan/53/375/52b

http://cadtechie.blogspot.com/

 

[MJCronin]

NTME....

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.....

 

[jtseng123]

Ha! interest ! But tell you the truth, you, as a contractor, has no liability at all. You will get 'fired" if screwing up too much, and perhaps no one will hire you any more. Go to food stamp or do something else. Your ex-to-be employer will take care your mess. That is why you see many dwgs are done by no name people around the world, and many engineering companies and fabricators just hire seasonal people to cut the cost. They all heavily reply on a few experienced people to check your design as the first defensive line.
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?

 

[SnTMan]

I'd really watch that stuff from Oklahoma, they barely speak English there

Regards,

Mike

 

[1gibson]

Can you use terms and conditions that limit your liability to the price of the work?