Discussion: View Thread

  • 1.  Consulting insurance

    Posted 04-26-2016 12:02
    I have read with interest the discussion about professional insurance.
    Since my consulting has essentially been with academics, I have not felt
    the need for it. With my practice broadening, I now see the need.

    I could use some information.
    1) From whom have statisticians purchased such insurance? I remember
    someone getting theirs from the Chemical Society. I have not heard of
    an option through the ASA.
    2) What kind of prices should one expect?
    3) Any other things I should consider?

    Thanks, Uwe Koehn


  • 2.  RE: Consulting insurance

    Posted 04-26-2016 12:19

    I use The Hartford for professional Statistician insurance and for Workers Comp. You are looking at about $1800/year per both policies depending on the state you reside in. 

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    David Guy
    Statistical Consultant
    R Statistical Consulting Inc.

    Original Message


  • 3.  RE: Consulting insurance

    Posted 04-26-2016 15:42

    I use Hiscox (www.hiscox.com), in Chesapeake, VA. I pay about $130 a month, and I have $2,000,000 personal liability, and $2,000,000 professional liability. That's for my LLC.

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    Richard Jones
    Consultant
    Independent

    Original Message


  • 4.  RE: Consulting insurance

    Posted 04-27-2016 00:13

    Does the professional liability insurance mentioned cover employees and support staff?  In particular, does it cover programmers/coders employed by your company and does it cover other Ph.D. consultants that you hire as subcontractors because of specialized experience/skills?

    By the way, earlier in this string, somebody said that ASA offers professional liability insurance, but I have not found this on the website.

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    Charles Mann
    Charles R Mann Associates, Inc.

    Original Message


  • 5.  RE: Consulting insurance

    Posted 04-27-2016 05:33

    I am a one-person LLC. I believe that if I started picking up employees then the rates would go up, but I've never asked and cannot say for sure.

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    Richard Jones
    Consultant
    Independent

    Original Message


  • 6.  RE: Consulting insurance

    Posted 04-28-2016 08:18

    The ASA offered insurance can be found by going to the Members only section of the website -> Partner Discounts and Special Offers -> bottom of the page is a link to ASA sponsored insurance, Traveler's offers the business insurance

    http://www.asainsurancetrust.com/Home.aspx

    I plan to get a quote from them and at least one other when I am ready to purchase.

    Jesse Sharp, Owner

    Sharp Statistical Sciences

    jsharp@sharpstatsci.com

    SharpStatisticalSciences.com




    Original Message


  • 7.  RE: Consulting insurance

    Posted 04-28-2016 09:55

    I looked at the ASA site.  They do not offer the general liability and workers compensation insurance that consultants are asked for when working on-site at a corporate office.

    Georgette Asherman

    Direct Effects, LLC

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    Georgette Asherman

    Original Message