Indemnity insurance for USA

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Vicky Pont replied

14 April 2009, 10:22
Advice from a broker...

From our experience of covering our clients most insurers will cover the US, but you are right - the premium can increase quite dramatically.

It would be worth approaching a broker who could dive into the market for you and find the best cover and the best premium... a broker should be able to sort this all for you.

I hope this offers a little ray of light for you?

Vicky
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AtW replied

13 April 2009, 13:05
Thanks Manic, will have a look at those!
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Manic replied

11 April 2009, 15:25
I've got US cover, cost me just over 2k through PI Hammond.
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AtW replied

11 April 2009, 13:00
Originally posted by Qdos Consulting View Post

Most underwriters will probably offer terms, but the premium is likely to be fairly hefty (i.e. in the thousands) even for a standard IT contractor.

I need insurance in connection with license deal that I am in discussions with a US based client - they'd like Infringement Indemnity for intellectual property that is licensed them. I don't really want to approach US insurer for that as company is UK based and I'd rather deal with local insurer, I appreciate premiums will be harder but I need to look at options.

The contract is mine (written by professional law firm here in UK) and it specifies UK jurisdiction.
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Qdos Contractor replied

11 April 2009, 12:36
PI for the USA is a bit of a nightmare for UK contractors. Insurers are obviously mindful of the fact that the US society is somewhat litigious and this is reflected in premiums.

Most underwriters will probably offer terms, but the premium is likely to be fairly hefty (i.e. in the thousands) even for a standard IT contractor.

I think the first thing to do is double check that the contract actually falls under US jurisdiction. A US based insurer may be worth a punt, although the fact that you (presumably) are using a UK company may cause a problem.

PM me if you need any assistance with this.
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AtW started a topic Indemnity insurance for USA

11 April 2009, 12:17
Indemnity insurance for USA

Tried search but it shows up threads regarding just "Indemnity insurance" - it seems that UK insurers exclude USA/Canada, has anyone got any pointers to insurer that covers those regions, perhaps best to use US based insurer? Any tips will be appreciated.
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