A small but very nice, reliable title company told me a week ago that their underwriter is insisting that any one of their subcontractors must have matching insurance. They asked me to raise my insurance from $500K per occurence/$1 million accumulated to $1 mil/$1 mil.
Has anyone else run into this? I think it's ridiculous and I don't see why it's suddenly an issue when no one else has ever had this problem. I can't work for them because of the cost of raising my insurance -- we'd have to do more than 50 orders for them just to break even and I doubt we get more than 25 a year.
Penny for your thoughts, everyone.
Alix
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