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glort Offline [X]
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Mark_L wrote:
Pushing these ever higher insurance requirements only foster it too since people can sue for big numbers with big value insurance polices.
It's not quite that simple here. There are other things looked at.
A mate of mine works in aircon. 21 years ago now, one of his former bosses was working at my local town hall. It burnt down rather spectacularly.
The cause was put on a spark from welding smouldering in dust and debris for many hours until it caught alight inside the wall and confined service areas where it had a good hold before fire alarms were tripped. The place was a total loss.
My wife had left about a month earlier after being there 12 years to have our son so escaped a lot of the stress and trauma a lot of other people went through. .
This being the case with the concluded cause, the guys company was held liable for the loss of the building and as one can easily see, it was a lot more to rebuild the civic centre and everything in it than $2m and that was a long time ago.
Because of where my mate works, high rises, hospitals, shopping centres etc, he is required to carry $50M. Not because someone may trip and break their leg on his power lead, but if he does something to damage or cause loss of the building or his work fails and causes a flood or fire or....
While the risk of us as shooters causing these problems may be lower, there is a risk factor in every and anything though the rates we pay would be a lot different as well because of that lower risk.
The fact public liability is so LOW in the US despite the sue happy culture and ambulance chasing lawyers makes me think you must have a different system with the insurance and that maybe the owners of venues carry more of the responsibility as it were to cover themselves.
What the real question is before you all get too upset about the value of what you require is the cost thereof.
How much are you PAYING for your $1 and 2M policys?
I have a feeling the cost to cover oneself for $10M wouldn't be much different to $2m anyway.
Here I know I am in the lowest risk category and more of what I pay for is admin fees than risk factor.
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Aug 05, 2016 at 01:22 AM |
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